PNC Financial Services Group Inc. Raises Holdings in FormFactor, Inc. $FORM

PNC Financial Services Group Inc. increased its holdings in FormFactor, Inc. (NASDAQ:FORM) by 161.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,169 shares of the semiconductor company’s stock after purchasing an additional 9,975 shares during the quarter. PNC Financial Services Group Inc.’s holdings in FormFactor were worth $589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. State of Wyoming increased its holdings in shares of FormFactor by 18.4% in the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 261 shares during the period. Arizona State Retirement System boosted its position in FormFactor by 1.5% during the third quarter. Arizona State Retirement System now owns 22,796 shares of the semiconductor company’s stock valued at $830,000 after purchasing an additional 335 shares in the last quarter. Amalgamated Bank grew its stake in FormFactor by 1.9% in the third quarter. Amalgamated Bank now owns 22,420 shares of the semiconductor company’s stock valued at $817,000 after purchasing an additional 411 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in FormFactor by 0.4% in the third quarter. Assenagon Asset Management S.A. now owns 116,154 shares of the semiconductor company’s stock worth $4,230,000 after purchasing an additional 414 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of FormFactor by 84.4% during the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 453 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

NASDAQ FORM opened at $97.75 on Friday. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 141.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.60. The stock’s fifty day moving average price is $76.53 and its 200 day moving average price is $54.14. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $107.04.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The business had revenue of $215.16 million for the quarter, compared to analyst estimates of $210.29 million. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. As a group, equities research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FORM shares. Craig Hallum reaffirmed a “buy” rating and issued a $90.00 price objective on shares of FormFactor in a research report on Thursday, February 5th. Evercore raised their target price on shares of FormFactor from $50.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. Citigroup upped their price target on FormFactor from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Piper Sandler set a $100.00 price objective on FormFactor in a research report on Monday, February 2nd. Finally, Northland Securities set a $70.00 target price on FormFactor in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.91.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 39,606 shares of FormFactor stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $65.00, for a total transaction of $2,574,390.00. Following the completion of the sale, the chief executive officer directly owned 485,995 shares in the company, valued at approximately $31,589,675. The trade was a 7.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dennis Thomas St sold 7,431 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $93.84, for a total transaction of $697,325.04. Following the completion of the sale, the director directly owned 31,526 shares in the company, valued at $2,958,399.84. This trade represents a 19.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 102,562 shares of company stock worth $7,873,371 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

FormFactor Company Profile

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.