FormFactor (FORM)

Company Profile

FormFactor, Inc. is a leading provider of essential test and measurement technologies along the full IC life cycle - from metrology and inspection, characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor's products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America.

Company profile

Ticker

FORM

Exchange

NASDAQ

Website

www.formfactor.com

CEO

Michael Slessor

Incorporated

Delaware

Location

California

Fiscal year end

Dec 30

Sector

Manufacturing > Semiconductor and Related Device Manufacturing

Industry (SIC)

Semiconductors & Related Devices

Intel • Broadcom • Texas Instruments • Micron Technology • Applied Materials • Marvell Technology • ST Microelectronics - New York Shares • NXP Semiconductors • Analog Devices • NVIDIA ...

SEC CIK

0001039399

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

FormFactor International, Inc. • FormFactor, K.K. • FormFactor Korea, Inc. • FormFactor Singapore Pte. Ltd. • Microprobe HongKong Limited • FormFactor Technology (Suzhou) Co. Ltd. • FormFactor GmbH • Cascade Microtech Singapore Pte, Ltd • FormFactor International • Advanced Temperature Test Systems GmbH ...

IRS number

133711155

FORM stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$32.50

Low target

$32.00

High target

$33.00

Northland Capital Markets

Latest filings (excl ownership)

View all

Conflict minerals disclosure

31 May 23

8-K

Submission of Matters to a Vote of Security Holders

9 May 23

Results of Operations and Financial Condition

3 May 23

DEFA14A

Additional proxy soliciting materials

4 Apr 23

24 Feb 23

Results of Operations and Financial Condition

1 Nov 22

Results of Operations and Financial Condition

26 Oct 22

Transcripts

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FORM

Earnings call transcript

2023 Q1

3 May 23

FORM

Earnings call transcript

2022 Q4

8 Feb 23

FORM

Earnings call transcript

2022 Q3

27 Oct 22

FORM

Earnings call transcript

2022 Q2

28 Jul 22

FORM

Earnings call transcript

2022 Q1

28 Apr 22

FORM

Earnings call transcript

2021 Q4

3 Feb 22

FORM

Earnings call transcript

2021 Q3

28 Oct 21

FORM

Earnings call transcript

2021 Q2

29 Jul 21

FORM

Earnings call transcript

2021 Q1

29 Apr 21

FORM

Earnings call transcript

2020 Q4

4 Feb 21

Latest ownership filings

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Rebeca Obregon-Jimenez

Financial summary

Financial statements Chart FORM financial data

Quarter (USD)	Apr 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	115.85 mm	115.85 mm	115.85 mm	115.85 mm	115.85 mm	115.85 mm
Cash burn (monthly)	(no burn)	4.62 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	9.77 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	106.08 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	23.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from FormFactor earnings reports.

Institutional ownership, Q1 2023

FORM institutional ownership history Ownership history

95.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	217	209	+3.8%
Opened positions	38	26	+46.2%
Closed positions	30	53	-43.4%
Increased positions	70	78	-10.3%
Reduced positions	82	80	+2.5%

13F shares	Current	Prev Q	Change
Total value	2.35 tn	1.59 tn	+48.1%
Total shares	73.93 mm	73.90 mm	+0.0%
Total puts	17.60 k	7.30 k	+141.1%
Total calls	16.40 k	23.50 k	-30.2%
Total put/call ratio	1.1	0.3	+245.5%

Largest owners	Shares	Value	Change
BLK Blackrock	12.43 mm	$395.90 bn	+0.9%
Vanguard	9.11 mm	$290.13 bn	+1.0%
Earnest Partners	7.10 mm	$226.08 bn	+1.7%
Primecap Management	3.09 mm	$98.31 bn	-3.1%
STT State Street	2.85 mm	$90.80 bn	+0.4%
Alliancebernstein	2.81 mm	$89.41 bn	+2377.9%
Dimensional Fund Advisors	2.78 mm	$88.52 bn	+2.1%
Neuberger Berman	2.59 mm	$82.54 bn	-1.7%
BAC Bank Of America	2.43 mm	$77.27 bn	+15.0%
Royce & Associates	2.36 mm	$75.24 bn	-12.6%

Largest transactions	Shares	Bought/sold	Change
Alliancebernstein	2.81 mm	+2.69 mm	+2377.9%
Wellington Management	1.13 mm	-1.40 mm	-55.5%
Norges Bank	0.00	-823.63 k	EXIT
Massachusetts Financial Services	794.25 k	+794.25 k	NEW
Royce & Associates	2.36 mm	-342.01 k	-12.6%
BAC Bank Of America	2.43 mm	+316.61 k	+15.0%
Pacer Advisors	0.00	-310.34 k	EXIT
Assenagon Asset Management	293.37 k	+293.37 k	NEW
Two Sigma Investments	63.20 k	-259.48 k	-80.4%
Arrowstreet Capital, Limited Partnership	257.88 k	+257.88 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FORM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
30 May 23	Link Raymond A	Common Stock	Option exercise	Acquire M	No	No	4,833	66,225
30 May 23	Link Raymond A	RSU Common Stock	Option exercise	Dispose M	No	No	4,833	0
19 May 23	Obregon-Jimenez Rebeca	Common Stock	Grant	Acquire A	No	No	6,770	20,093
19 May 23	Titinger Jorge	Common Stock	Grant	Acquire A	No	No	6,770	15,912
19 May 23	St Dennis Thomas	Common Stock	Grant	Acquire A	No	No	6,770	42,493
19 May 23	Maier Lothar	Common Stock	Grant	Acquire A	No	No	6,770	106,493