Geode Capital Management LLC Increases Position in FormFactor, Inc. $FORM

Geode Capital Management LLC raised its position in FormFactor, Inc. (NASDAQ:FORM) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,885,847 shares of the semiconductor company’s stock after buying an additional 7,150 shares during the period. Geode Capital Management LLC owned about 2.43% of FormFactor worth $105,208,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its holdings in shares of FormFactor by 24.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 76,376 shares of the semiconductor company’s stock valued at $2,782,000 after acquiring an additional 15,186 shares during the last quarter. Shannon River Fund Management LLC acquired a new position in shares of FormFactor during the third quarter valued at approximately $35,260,000. SG Americas Securities LLC raised its holdings in shares of FormFactor by 1,158.7% during the fourth quarter. SG Americas Securities LLC now owns 175,432 shares of the semiconductor company’s stock valued at $9,786,000 after acquiring an additional 161,494 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of FormFactor by 68.8% during the third quarter. ProShare Advisors LLC now owns 29,336 shares of the semiconductor company’s stock valued at $1,068,000 after acquiring an additional 11,956 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of FormFactor by 20.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 71,583 shares of the semiconductor company’s stock valued at $2,607,000 after acquiring an additional 12,161 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Down 7.8%

Shares of NASDAQ FORM opened at $116.70 on Friday. The company has a 50 day simple moving average of $126.72 and a 200-day simple moving average of $92.69. The company has a market capitalization of $9.10 billion, a P/E ratio of 134.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. FormFactor, Inc. has a 1 year low of $26.08 and a 1 year high of $159.09.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business’s revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities research analysts predict that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of research analyst reports. 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. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price for the company in a report on Friday. B. Riley Financial increased their target price on FormFactor from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Wall Street Zen raised FormFactor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Citigroup increased their target price on FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given 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.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 9,438 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $126.52, for a total transaction of $1,194,095.76. Following the completion of the sale, the chief executive officer owned 447,037 shares in the company, valued at $56,559,121.24. This trade represents a 2.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. White sold 3,250 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 8,653 shares of the company’s stock, valued at $1,090,278. This represents a 27.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 45,365 shares of company stock worth $5,412,663. Insiders own 0.79% of the company’s stock.

FormFactor Company Profile

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.