First Trust Advisors LP Has $9.73 Million Stake in FormFactor, Inc. $FORM

First Trust Advisors LP grew its position in FormFactor, Inc. (NASDAQ:FORM) by 410.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,373 shares of the semiconductor company’s stock after purchasing an additional 80,726 shares during the quarter. First Trust Advisors LP’s holdings in FormFactor were worth $9,735,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of FORM. UBS Group AG increased its holdings in FormFactor by 38.8% during the 4th quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock valued at $15,808,000 after acquiring an additional 79,240 shares in the last quarter. Fisher Asset Management LLC increased its stake 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 worth $24,323,000 after purchasing an additional 293,746 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in FormFactor in the 4th quarter valued at approximately $1,704,000. Hanseatic Management Services Inc. acquired a new stake in FormFactor during the 1st quarter valued at $1,334,000. Finally, WINTON GROUP Ltd purchased a new position in FormFactor during the fourth quarter worth $610,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FORM shares. TD Cowen decreased their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday. Citigroup raised their price target on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Northland Securities set a $118.00 price objective on shares of FormFactor in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Monday. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.45.

FormFactor News Roundup

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: FormFactor reported second-quarter EPS of $0.82, well above the $0.61 consensus estimate, while revenue rose 31.9% year over year to $258.24 million, exceeding expectations of $240 million. FormFactor’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Management projected third-quarter EPS of $0.77–$0.95 and revenue of $260 million–$280 million, both above analyst consensus. The outlook reflects continued strength in high-bandwidth memory and AI-related demand, plus a systems recovery. FormFactor Q2 Earnings Call Highlights
• Positive Sentiment: The company cited record profitability, accelerating AI and high-performance-computing demand, capacity expansion, and a planned Farmers Branch facility ramp beginning in the fourth quarter. These developments could support longer-term growth if demand persists. FormFactor Q3 Forecast and Farmers Branch Ramp
• Neutral Sentiment: Recent commentary views the earnings improvement as encouraging but suggests future upside depends on execution, continued semiconductor investment, and the timing of longer-term opportunities such as co-packaged optics. FormFactor Q2 Review
• Negative Sentiment: TD Cowen lowered its price target from $150 to $100 and maintained a Hold rating, signaling limited near-term upside at the current valuation. Needham also maintained a Hold rating, citing strong near-term performance but a back-end-loaded growth outlook. FormFactor Rated Hold
• Negative Sentiment: A comparative Zacks analysis favored Aehr Test Systems over FormFactor for long-term growth, citing Aehr’s record bookings, AI-related backlog, and expanding burn-in portfolio. FORM vs. AEHR

FormFactor Stock Performance

FormFactor stock opened at $106.20 on Friday. The stock has a market cap of $8.28 billion, a P/E ratio of 72.74 and a beta of 1.22. The company has a current ratio of 4.08, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $124.07 and a 200-day moving average of $111.42. FormFactor, Inc. has a 52 week low of $26.08 and a 52 week high of $160.27.

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. The business had revenue of $258.24 million during 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%. The business’s revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, analysts expect that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 11,890 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the transaction, the chief executive officer owned 435,147 shares of the company’s stock, valued at approximately $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director owned 5,375 shares of the company’s stock, valued at $674,025. This trade represents a 54.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,534 shares of company stock worth $4,864,118 over the last 90 days. Company insiders own 0.79% of the company’s stock.

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.