PNC Financial Services Group Inc. Trims Position in FormFactor, Inc. $FORM

PNC Financial Services Group Inc. lessened its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 42.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,330 shares of the semiconductor company’s stock after selling 6,839 shares during the period. PNC Financial Services Group Inc.’s holdings in FormFactor were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FORM. Westfield Capital Management Co. LP purchased a new stake in FormFactor in the 3rd quarter valued at about $37,391,000. Shannon River Fund Management LLC acquired a new position in FormFactor in the 3rd quarter valued at about $35,260,000. Channing Capital Management LLC acquired a new position in FormFactor in the 3rd quarter valued at about $16,909,000. Assenagon Asset Management S.A. grew its position in FormFactor by 384.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 562,769 shares of the semiconductor company’s stock valued at $31,391,000 after acquiring an additional 446,615 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of FormFactor by 542.7% during the third quarter. Two Sigma Investments LP now owns 358,137 shares of the semiconductor company’s stock worth $13,043,000 after buying an additional 302,409 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FORM has been the subject of a number of analyst reports. Piper Sandler set a $100.00 price objective on FormFactor in a research report on Monday, February 2nd. Stifel Nicolaus set a $135.00 target price on FormFactor in a research note on Thursday, April 30th. B. Riley Financial boosted their price objective on FormFactor from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Evercore set a $155.00 price objective on FormFactor in a research note on Thursday, April 30th. Finally, Citigroup upped their price target on FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Stock Down 7.6%

FormFactor stock opened at $115.07 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 132.27 and a beta of 1.26. FormFactor, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $159.09. The stock’s fifty day moving average is $124.89 and its two-hundred day moving average is $90.93.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Analysts predict that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Brian C. White sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the sale, the director directly owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 9,438 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $126.52, for a total value of $1,194,095.76. Following the completion of the sale, the chief executive officer directly owned 447,037 shares in the company, valued at approximately $56,559,121.24. The trade was a 2.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 42,499 shares of company stock valued at $4,932,166. 0.79% of the stock is owned by company 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.