FormFactor, Inc. $FORM Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC reduced its holdings in FormFactor, Inc. (NASDAQ:FORM) by 74.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 24,107 shares of the semiconductor company’s stock after selling 71,455 shares during the period. Madison Asset Management LLC’s holdings in FormFactor were worth $2,338,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV grew its position in shares of FormFactor by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 157 shares during the last quarter. Blue Trust Inc. lifted its holdings in FormFactor by 1.9% in the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after acquiring an additional 196 shares during the last quarter. UMB Bank n.a. boosted its stake in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the period. Maryland State Retirement & Pension System boosted its stake in FormFactor by 2.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock valued at $635,000 after acquiring an additional 299 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of FormFactor by 2.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after purchasing an additional 370 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore upgraded FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a research report on Friday, June 5th. Weiss Ratings lowered FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Northland Securities set a $118.00 price objective on FormFactor in a research note on Thursday, April 30th. TD Cowen increased their target price on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Zacks Research cut FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.45.

FormFactor Price Performance

NASDAQ FORM opened at $113.75 on Wednesday. The company has a 50-day moving average price of $127.83 and a two-hundred day moving average price of $109.56. FormFactor, Inc. has a 52 week low of $26.08 and a 52 week high of $160.27. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 130.75 and a beta of 1.22. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released 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 company had revenue of $226.14 million for the quarter, compared to analysts’ expectations of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter 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. Analysts forecast that FormFactor, Inc. will post 2.03 EPS for the current year.

Insider Transactions at FormFactor

In other news, Director Brian C. White sold 3,250 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the completion of the transaction, the director owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. This represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dennis Thomas St sold 2,800 shares of FormFactor 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 sale, the director owned 29,073 shares in the company, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,534 shares of company stock worth $4,864,118 over the last quarter. Insiders own 0.79% of the company’s stock.

FormFactor 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.