Summit Global Investments bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,063 shares of the semiconductor company’s stock, valued at approximately $970,000.
Other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of FormFactor in the fourth quarter valued at approximately $25,000. UMB Bank n.a. increased its stake in FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Torren Management LLC bought a new position in FormFactor during the 4th quarter worth $41,000. Kestra Advisory Services LLC bought a new position in FormFactor during the 4th quarter worth $53,000. Finally, Clearstead Advisors LLC raised its holdings in FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 389 shares in the last quarter. 98.76% of the stock is owned by institutional investors.
Insider Transactions at FormFactor
In other FormFactor news, Director Brian C. White sold 3,250 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total transaction of $409,500.00. Following the sale, the director owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. The trade was a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the transaction, the director owned 29,073 shares of the company’s stock, valued at $4,404,268.77. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 29,096 shares of company stock valued at $3,670,022. Corporate insiders own 0.79% of the company’s stock.
FormFactor Stock Down 0.1%
FormFactor (NASDAQ:FORM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. The company had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on FORM shares. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Zacks Research cut shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Citigroup increased their price objective on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $135.00 target price on shares of FormFactor in a report on Thursday, April 30th. Finally, Evercore set a $150.00 target price on shares of FormFactor in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.45.
Get Our Latest Stock Report on FormFactor
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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