Geode Capital Management LLC Boosts Stake in FormFactor, Inc. $FORM

Geode Capital Management LLC increased its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,885,847 shares of the semiconductor company’s stock after buying an additional 7,150 shares during the period. Geode Capital Management LLC’s holdings in FormFactor were worth $105,208,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Jackson Creek Investment Advisors LLC purchased a new position in shares of FormFactor during the 4th quarter worth approximately $1,704,000. Fisher Asset Management LLC lifted its holdings in FormFactor by 206.4% during the 4th quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock worth $24,323,000 after buying an additional 293,746 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in FormFactor by 58.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after buying an additional 389 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in FormFactor by 60.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,671 shares of the semiconductor company’s stock worth $93,000 after buying an additional 628 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in FormFactor by 2.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,767 shares of the semiconductor company’s stock worth $991,000 after buying an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FORM. Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price on the stock in a report on Friday. 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 target price on shares of FormFactor in a report on Monday, April 27th. Northland Securities set a $118.00 target price on shares of FormFactor in a report on Thursday, April 30th. Finally, Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, FormFactor presently has an average rating of “Moderate Buy” and an average price target of $132.45.

Insider Buying and Selling

In related news, Director Sheri Rhodes sold 6,328 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 in the company, valued at $674,025. The trade was a 54.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 9,438 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $126.52, for a total value of $1,194,095.76. Following the sale, the chief executive officer owned 447,037 shares of the company’s stock, valued at approximately $56,559,121.24. The trade was a 2.07% decrease in their position. 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 90 days, insiders sold 45,365 shares of company stock worth $5,412,663. Corporate insiders own 0.79% of the company’s stock.

FormFactor Trading Down 7.8%

Shares of NASDAQ:FORM opened at $116.70 on Friday. FormFactor, Inc. has a 52 week low of $26.08 and a 52 week high of $159.09. The company’s 50 day moving average is $126.72 and its two-hundred day moving average is $92.69. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.10 billion, a PE ratio of 134.14 and a beta of 1.26.

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