Jupiter Topco LLC Invests $5.69 Million in FormFactor, Inc. $FORM

Jupiter Topco LLC purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) in the second quarter, according to its most recent filing with the SEC. The fund purchased 35,569 shares of the semiconductor company’s stock, valued at approximately $5,692,000.

Several other institutional investors and hedge funds have also made changes to their positions in FORM. UBS Group AG lifted its position in shares of FormFactor by 38.8% in the 4th quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock worth $15,808,000 after buying an additional 79,240 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of FormFactor by 206.4% during the 4th quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock valued at $24,323,000 after buying an additional 293,746 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in shares of FormFactor during the 1st quarter valued at about $1,334,000. BlackRock Inc. acquired a new stake in FormFactor during the second quarter worth about $1,676,772,000. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in FormFactor during the fourth quarter worth about $1,704,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FormFactor

In other news, Director Dennis Thomas St sold 2,800 shares of the firm’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 directly owned 29,073 shares of the company’s stock, valued at approximately $4,404,268.77. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 in the company, valued at approximately $63,406,513.80. This represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 30,692 shares of company stock worth $3,962,485. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FORM has been the subject of a number of research reports. Evercore set a $150.00 target price on FormFactor in a research note on Thursday, July 30th. TD Cowen dropped their price target on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Trading Down 1.1%

FormFactor stock opened at $100.61 on Tuesday. FormFactor, Inc. has a 52-week low of $27.81 and a 52-week high of $160.27. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 68.91 and a beta of 1.25. The firm has a 50-day moving average price of $117.34 and a two-hundred day moving average price of $117.38.

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