FormFactor, Inc. (NASDAQ:FORM) Holdings Lowered by Ronald Blue Trust Inc.

Posted by on Oct 1st, 2023

Ronald Blue Trust Inc. trimmed its stake in shares of FormFactor, Inc. (NASDAQ:FORM – Free Report) by 90.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 853 shares of the semiconductor company’s stock after selling 7,854 shares during the period. Ronald Blue Trust Inc.’s holdings in FormFactor were worth $27,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of FormFactor by 5.6% during the first quarter. Rhumbline Advisers now owns 235,220 shares of the semiconductor company’s stock valued at $7,492,000 after purchasing an additional 12,464 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of FormFactor by 16.0% during the first quarter. New York Life Investment Management LLC now owns 15,648 shares of the semiconductor company’s stock valued at $498,000 after purchasing an additional 2,154 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of FormFactor by 75.1% during the fourth quarter. Engineers Gate Manager LP now owns 75,252 shares of the semiconductor company’s stock valued at $1,673,000 after purchasing an additional 32,266 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in shares of FormFactor by 6.9% during the first quarter. Mirador Capital Partners LP now owns 136,495 shares of the semiconductor company’s stock valued at $4,347,000 after purchasing an additional 8,752 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC purchased a new stake in shares of FormFactor during the fourth quarter valued at $271,000. 93.64% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $34.94 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.88 and a current ratio of 3.85. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -388.18 and a beta of 1.23. The business’s 50-day simple moving average is $33.45 and its 200-day simple moving average is $31.60. FormFactor, Inc. has a 52 week low of $18.15 and a 52 week high of $37.74.

FormFactor (NASDAQ:FORM – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $155.92 million for the quarter, compared to analyst estimates of $162.05 million. FormFactor had a negative net margin of 1.08% and a positive return on equity of 1.78%. As a group, equities research analysts expect that FormFactor, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FORM has been the topic of several recent analyst reports. B. Riley upped their price target on FormFactor from $40.00 to $45.00 in a research report on Monday, July 17th. Stifel Nicolaus upped their price target on FormFactor from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC upped their price target on FormFactor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. CL King upped their target price on FormFactor from $37.00 to $43.00 in a research report on Wednesday, July 19th. Finally, Craig Hallum upped their target price on FormFactor from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.20.

Get Our Latest Stock Analysis on FORM

About FormFactor

(Free Report)

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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