Nicholas Investment Partners LP purchased a new stake 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 firm purchased 16,897 shares of the semiconductor company’s stock, valued at approximately $2,702,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of FormFactor during the 2nd quarter worth approximately $1,676,772,000. Andar Capital Management HK Ltd bought a new stake in shares of FormFactor during the second quarter valued at approximately $27,000,000. Bank of America Corp DE raised its stake in shares of FormFactor by 4.0% in the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after purchasing an additional 108,487 shares in the last quarter. Alliancebernstein L.P. boosted its stake in FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after buying an additional 73,644 shares in the last quarter. Finally, Morgan Stanley boosted its stake in FormFactor by 98.5% during the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently weighed in on FORM shares. TD Cowen lowered their target price on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Tuesday, May 12th. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Thursday, June 11th. Finally, Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $127.45.
Insider Activity at FormFactor
In related news, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the transaction, the director owned 29,073 shares in the company, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. The trade was a 54.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,020 shares of company stock worth $4,756,017 in the last ninety days. Company insiders own 0.79% of the company’s stock.
FormFactor Stock Performance
Shares of FormFactor stock opened at $107.90 on Tuesday. The firm has a fifty day moving average of $121.49 and a two-hundred day moving average of $116.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 73.90 and a beta of 1.25. FormFactor, Inc. has a 52 week low of $27.81 and a 52 week high of $160.27.
FormFactor (NASDAQ:FORM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The business had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities research analysts predict that FormFactor, Inc. will post 2.7 EPS for the current year.
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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