PDT Partners LLC Takes Position in FormFactor, Inc. $FORM

PDT Partners LLC bought a new stake in FormFactor, Inc. (NASDAQ:FORM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 43,912 shares of the semiconductor company’s stock, valued at approximately $7,023,000. PDT Partners LLC owned approximately 0.06% of FormFactor as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its position in FormFactor by 2.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock valued at $419,000 after purchasing an additional 157 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new stake in shares of FormFactor in the 2nd quarter worth about $25,000. Blue Trust Inc. increased its holdings in shares of FormFactor by 1.9% in the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after buying an additional 196 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of FormFactor during the 2nd quarter valued at about $43,000. Finally, UMB Bank n.a. lifted its holdings in shares of FormFactor by 128.9% in the 4th 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. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on FORM. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Evercore set a $150.00 price objective on FormFactor in a research note on Thursday, July 30th. Northland Securities set a $118.00 target price on FormFactor in a report on Thursday, April 30th. Finally, TD Cowen cut their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. One equities 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, FormFactor presently has a consensus rating of “Moderate Buy” and an average price target of $127.45.

Insider Activity at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $151.49, for a total value of $424,172.00. Following the sale, the director owned 29,073 shares in the company, valued at $4,404,268.77. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of FormFactor stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the sale, the chief executive officer owned 484,204 shares of the company’s stock, valued at $63,406,513.80. The trade was a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 37,020 shares of company stock worth $4,756,017 in the last quarter. 0.79% of the stock is owned by company insiders.

FormFactor Stock Performance

FormFactor stock opened at $107.72 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The firm has a market capitalization of $8.40 billion, a P/E ratio of 73.78 and a beta of 1.25. FormFactor, Inc. has a 1-year low of $27.81 and a 1-year high of $160.27. The company’s 50-day moving average is $120.84 and its 200 day moving average is $116.96.

FormFactor (NASDAQ:FORM) 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 return on equity of 13.44% and a net margin of 12.80%.The business had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Research analysts forecast that FormFactor, Inc. will post 2.7 EPS for the current year.

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.