Envestnet Asset Management Inc. Buys 16,655 Shares of FormFactor, Inc. $FORM

Envestnet Asset Management Inc. lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 424,220 shares of the semiconductor company’s stock after purchasing an additional 16,655 shares during the period. Envestnet Asset Management Inc.’s holdings in FormFactor were worth $14,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC raised its position in shares of FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 382 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of FormFactor by 282.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 547 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of FormFactor by 2.8% during the 1st quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 599 shares during the period. Nisa Investment Advisors LLC lifted its holdings in FormFactor by 27.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,866 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 617 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in FormFactor by 3.9% during the 1st quarter. HighTower Advisors LLC now owns 18,685 shares of the semiconductor company’s stock valued at $529,000 after buying an additional 709 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $31.00 to $62.00 in a report on Thursday, October 30th. B. Riley restated a “buy” rating on shares of FormFactor in a research note on Thursday, October 30th. Evercore ISI lifted their price target on FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. DA Davidson set a $55.00 target price on shares of FormFactor in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.00.

FormFactor Price Performance

FORM stock opened at $54.22 on Friday. The firm has a market cap of $4.18 billion, a P/E ratio of 104.27 and a beta of 1.37. The firm’s fifty day moving average is $38.90 and its 200 day moving average is $34.25. FormFactor, Inc. has a 52 week low of $22.58 and a 52 week high of $61.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.24.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The firm had revenue of $202.68 million for the quarter, compared to the consensus estimate of $199.97 million. FormFactor had a return on equity of 5.16% and a net margin of 5.38%.The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. FormFactor has set its Q4 2025 guidance at 0.310-0.390 EPS. Research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the transaction, the director directly owned 13,126 shares of the company’s stock, valued at approximately $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kelley Steven-Waiss sold 3,600 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the completion of the sale, the director directly owned 35,479 shares in the company, valued at $1,079,625.97. The trade was a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by insiders.

About FormFactor

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 in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.