Principal Financial Group Inc. Sells 9,564 Shares of FormFactor, Inc. $FORM

Principal Financial Group Inc. lowered its position in FormFactor, Inc. (NASDAQ:FORM) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 372,827 shares of the semiconductor company’s stock after selling 9,564 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of FormFactor worth $13,578,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FORM. Bank of New York Mellon Corp lifted its stake in FormFactor by 170.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock valued at $72,069,000 after purchasing an additional 1,319,345 shares during the last quarter. Reinhart Partners LLC. raised its stake in FormFactor by 26.3% in the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after buying an additional 500,156 shares during the period. First Eagle Investment Management LLC bought a new stake in FormFactor in the second quarter valued at approximately $9,684,000. Select Equity Group L.P. lifted its position in shares of FormFactor by 78.6% in the second quarter. Select Equity Group L.P. now owns 617,542 shares of the semiconductor company’s stock valued at $21,250,000 after buying an additional 271,760 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of FormFactor by 172.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 365,176 shares of the semiconductor company’s stock worth $12,566,000 after acquiring an additional 231,200 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FORM. TD Cowen raised their price target on FormFactor from $50.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Evercore lifted their target price on shares of FormFactor from $50.00 to $80.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. DA Davidson set a $55.00 price target on shares of FormFactor in a research note on Thursday, October 30th. Loop Capital set a $64.00 price target on shares of FormFactor in a report on Tuesday, January 27th. Finally, Stifel Nicolaus boosted their price objective on FormFactor from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, FormFactor currently has an average rating of “Moderate Buy” and an average price target of $80.91.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Brian C. White sold 5,500 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $90.95, for a total transaction of $500,225.00. Following the sale, the director directly owned 12,856 shares in the company, valued at $1,169,253.20. This represents a 29.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 13,088 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $76.81, for a total transaction of $1,005,289.28. Following the completion of the transaction, the chief executive officer directly owned 472,907 shares in the company, valued at approximately $36,323,986.67. This represents a 2.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 81,736 shares of company stock valued at $5,449,024 over the last three months. 0.96% of the stock is owned by insiders.

FormFactor Trading Down 1.7%

Shares of NASDAQ:FORM opened at $93.30 on Wednesday. The business’s 50 day simple moving average is $66.97 and its 200 day simple moving average is $48.87. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $97.00. 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 company has a market capitalization of $7.23 billion, a P/E ratio of 135.22 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last released its earnings results 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. The firm had revenue of $215.16 million during the quarter, compared to the consensus estimate of $210.29 million. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. On average, research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

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.