Navellier & Associates Inc. Acquires New Shares in FormFactor, Inc. $FORM

Navellier & Associates Inc. purchased a new stake in FormFactor, Inc. (NASDAQ:FORMFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,096 shares of the semiconductor company’s stock, valued at approximately $4,973,000.

A number of other hedge funds have also recently bought and sold shares of FORM. Keating Financial Advisory Services Inc. acquired a new stake in shares of FormFactor during the second quarter worth $25,000. Los Angeles Capital Management LLC acquired a new position in shares of FormFactor during the fourth quarter worth $25,000. UMB Bank n.a. boosted its position in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the last quarter. Torren Management LLC bought a new stake in shares of FormFactor in the 4th quarter valued at $41,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of FormFactor during the second quarter worth approximately $43,000. 98.76% of the stock is currently owned by institutional investors.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 16,002 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90. Following the completion of the sale, the chief executive officer owned 484,204 shares in the company, valued at $63,406,513.80. The trade was a 3.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the sale, the director owned 29,073 shares of the company’s stock, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 37,020 shares of company stock valued at $4,756,017. Insiders own 0.79% of the company’s stock.

FormFactor Stock Down 7.7%

FORM stock opened at $101.69 on Friday. The company’s 50 day moving average is $118.46 and its 200 day moving average is $117.17. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 69.65 and a beta of 1.25. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1-year low of $27.81 and a 1-year high of $160.27.

FormFactor (NASDAQ:FORMGet Free Report) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The business had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. During the same period in the previous year, the business posted $0.27 earnings per share. FormFactor’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts predict that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Analysts Set New Price Targets

FORM has been the subject of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, May 12th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Wall Street Zen lowered FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Finally, Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

Get Our Latest Stock Report on FORM

FormFactor Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.