PDT Partners LLC Makes New $7.02 Million Investment in FormFactor, Inc. $FORM

PDT Partners LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the second quarter, Holdings Channel.com reports. The institutional investor bought 43,912 shares of the semiconductor company’s stock, valued at approximately $7,023,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FORM. Keating Financial Advisory Services Inc. purchased a new stake in FormFactor during the second quarter worth $25,000. Persistent Asset Partners Ltd acquired a new position in shares of FormFactor in the second quarter worth about $43,000. Los Angeles Capital Management LLC acquired a new position in FormFactor in the 4th quarter worth about $25,000. Allworth Financial LP acquired a new stake in FormFactor in the second quarter valued at approximately $72,000. Finally, USA Financial Formulas purchased a new stake in shares of FormFactor in the first quarter valued at approximately $46,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FormFactor

In other news, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director owned 5,375 shares of the company’s stock, valued at $674,025. This represents a 54.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director owned 29,073 shares of the company’s stock, valued at $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 37,020 shares of company stock worth $4,756,017. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FORM. Northland Securities set a $118.00 target price on FormFactor in a research note on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a report on Thursday, April 30th. Wall Street Zen cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Price Performance

Shares of FormFactor stock opened at $107.72 on Wednesday. The stock has a market capitalization of $8.40 billion, a P/E ratio of 73.78 and a beta of 1.25. The business has a 50 day simple moving average of $120.84 and a two-hundred day simple moving average of $116.96. FormFactor, Inc. has a 12 month low of $27.81 and a 12 month high of $160.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same period in the previous year, the company posted $0.27 earnings per share. The business’s revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, analysts predict that FormFactor, Inc. will post 2.7 EPS for the current fiscal 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.