FormFactor, Inc. $FORM Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its position in FormFactor, Inc. (NASDAQ:FORM) by 16,039.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,465,988 shares of the semiconductor company’s stock after purchasing an additional 14,376,359 shares during the period. California State Teachers Retirement System owned 0.19% of FormFactor worth $2,313,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FORM. Keating Financial Advisory Services Inc. purchased a new stake in shares of FormFactor during the 2nd quarter valued at approximately $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of FormFactor in the fourth quarter valued at $25,000. UMB Bank n.a. lifted its position in shares of FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of FormFactor during the second quarter worth about $43,000. Finally, USA Financial Formulas purchased a new position in shares of FormFactor in the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the transaction, the director owned 24,426 shares in the company, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas St. Dennis sold 2,800 shares of the stock in a transaction that occurred 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 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 20,902 shares of company stock valued at $2,721,444. 0.79% of the stock is owned by corporate insiders.

FormFactor Stock Up 2.5%

Shares of FormFactor stock opened at $114.95 on Friday. FormFactor, Inc. has a one year low of $30.09 and a one year high of $160.27. The company has a market cap of $8.96 billion, a P/E ratio of 78.73 and a beta of 1.24. 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 firm has a fifty day moving average of $111.05 and a two-hundred day moving average of $117.87.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share 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 for the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FORM has been the topic of several analyst reports. Evercore set a $150.00 target price on shares of FormFactor in a report on Thursday, July 30th. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Finally, TD Cowen decreased their price objective on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. One 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.45.

FormFactor Profile

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company’s product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.