Parallel Advisors LLC raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM – Free Report) by 1,077.3% in the 1st quarter, Holdings Channel reports. The firm owned 6,381 shares of the semiconductor company’s stock after acquiring an additional 5,839 shares during the period. Parallel Advisors LLC’s holdings in FormFactor were worth $619,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of FormFactor by 1,158.7% in the fourth quarter. SG Americas Securities LLC now owns 175,432 shares of the semiconductor company’s stock worth $9,786,000 after buying an additional 161,494 shares in the last quarter. UBS Group AG boosted its stake in FormFactor by 38.8% during the fourth quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock valued at $15,808,000 after buying an additional 79,240 shares during the last quarter. Fisher Asset Management LLC grew its holdings in FormFactor by 206.4% during the 4th quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock valued at $24,323,000 after buying an additional 293,746 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in FormFactor in the 4th quarter worth approximately $1,704,000. Finally, WINTON GROUP Ltd bought a new stake in FormFactor in the 4th quarter worth approximately $610,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a report on Monday, April 27th. TD Cowen boosted their price target on shares of FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a research report on Friday, June 5th. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Thursday, June 11th. Finally, Weiss Ratings lowered shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.
FormFactor Stock Performance
FormFactor stock opened at $104.04 on Friday. FormFactor, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $160.27. The company has a market capitalization of $8.11 billion, a PE ratio of 119.59 and a beta of 1.22. The company has a 50 day moving average price of $126.76 and a 200-day moving average price of $110.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55.
FormFactor (NASDAQ:FORM – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. During the same period last year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities analysts forecast that FormFactor, Inc. will post 2.03 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the sale, the director owned 5,375 shares in the company, valued at $674,025. This represents a 54.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian C. White sold 3,250 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total transaction of $409,500.00. Following the completion of the sale, the director owned 8,653 shares in the company, valued at $1,090,278. The trade was a 27.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,534 shares of company stock worth $4,864,118 over the last three months. Corporate insiders own 0.79% of the company’s stock.
About FormFactor
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.
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