PNC Financial Services Group Inc. Boosts Stake in FormFactor, Inc. $FORM

PNC Financial Services Group Inc. boosted its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 161.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,169 shares of the semiconductor company’s stock after buying an additional 9,975 shares during the period. PNC Financial Services Group Inc.’s holdings in FormFactor were worth $589,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of FormFactor during the 3rd quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its position in FormFactor by 84.4% in the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 453 shares during the last quarter. Hantz Financial Services Inc. raised its stake in FormFactor by 547.8% during the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 882 shares in the last quarter. State of Wyoming lifted its position in FormFactor by 18.4% during the third quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 261 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of FormFactor by 208.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,843 shares of the semiconductor company’s stock worth $63,000 after buying an additional 1,246 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In related news, Director Kevin J. Brewer sold 3,000 shares of FormFactor stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.20, for a total value of $288,600.00. Following the completion of the sale, the director directly owned 8,105 shares in the company, valued at $779,701. The trade was a 27.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mike Slessor sold 8,664 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $94.14, for a total transaction of $815,628.96. Following the completion of the sale, the chief executive officer directly owned 471,086 shares of the company’s stock, valued at approximately $44,348,036.04. This trade represents a 1.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 102,562 shares of company stock worth $7,873,371 over the last quarter. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FORM. TD Cowen upped their target price on shares of FormFactor from $50.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. Evercore upped their price objective on FormFactor from $50.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. Loop Capital set a $64.00 price objective on FormFactor in a research note on Tuesday, January 27th. Citigroup boosted their target price on FormFactor from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Freedom Capital upgraded FormFactor to a “hold” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.91.

FormFactor Trading Down 7.6%

Shares of FORM opened at $97.75 on Friday. The firm has a market capitalization 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. FormFactor, Inc. has a 1-year low of $22.58 and a 1-year high of $107.04. The company has a 50-day moving average of $76.53 and a 200 day moving average of $54.14.

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