Westfield Capital Management Co. LP Lowers Holdings in FormFactor, Inc. $FORM

Westfield Capital Management Co. LP trimmed its holdings in FormFactor, Inc. (NASDAQ:FORM) by 56.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 449,604 shares of the semiconductor company’s stock after selling 577,053 shares during the period. Westfield Capital Management Co. LP’s holdings in FormFactor were worth $25,079,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D grew 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 worth $2,782,000 after buying an additional 15,186 shares in the last quarter. Shannon River Fund Management LLC purchased a new stake in shares of FormFactor during the third quarter worth about $35,260,000. SG Americas Securities LLC grew 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 worth $9,786,000 after buying an additional 161,494 shares in the last quarter. ProShare Advisors LLC grew 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 worth $1,068,000 after buying an additional 11,956 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew 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 worth $2,607,000 after buying an additional 12,161 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FormFactor

In other news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the transaction, the director directly owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. The trade was a 32.71% 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 11,294 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $127.72, for a total transaction of $1,442,469.68. Following the transaction, the chief executive officer directly owned 449,565 shares in the company, valued at approximately $57,418,441.80. The trade was a 2.45% 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. In the last quarter, insiders sold 45,365 shares of company stock valued at $5,412,663. 0.79% of the stock is owned by company insiders.

FormFactor Trading Down 7.8%

Shares of FORM stock opened at $116.70 on Friday. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 134.14 and a beta of 1.26. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $159.09. The firm’s 50 day moving average price is $126.72 and its two-hundred day moving average price is $92.69.

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

Analyst Upgrades and Downgrades

FORM has been the subject of a number of recent research reports. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 price target on shares of FormFactor in a report on Monday, April 27th. Finally, Northland Securities set a $118.00 price target on shares of FormFactor in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FormFactor currently has an average rating of “Moderate Buy” and a consensus price target of $132.45.

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.