Parallel Advisors LLC Acquires 5,839 Shares of FormFactor, Inc. $FORM

Parallel Advisors LLC raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 1,077.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,381 shares of the semiconductor company’s stock after acquiring an additional 5,839 shares during the period. Parallel Advisors LLC’s holdings in FormFactor were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FORM. Mercer Global Advisors Inc. ADV boosted its position in shares of FormFactor by 2.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after acquiring an additional 157 shares during the last quarter. Blue Trust Inc. increased its holdings in FormFactor by 1.9% in the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after acquiring an additional 196 shares during the last quarter. UMB Bank n.a. lifted its stake in FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in FormFactor by 2.7% in the 4th quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock worth $635,000 after purchasing an additional 299 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in shares of FormFactor by 58.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

FORM has been the topic of a number of research analyst reports. Stifel Nicolaus set a $135.00 target price on FormFactor in a research report on Thursday, April 30th. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. TD Cowen reduced their price target on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, FormFactor currently has a consensus rating of “Moderate Buy” and an average price target of $127.45.

Insider Activity at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the sale, the director directly owned 29,073 shares of the company’s stock, valued at $4,404,268.77. The trade was a 8.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian C. White sold 3,250 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total transaction of $409,500.00. Following the completion of the transaction, the director owned 8,653 shares in the company, valued at $1,090,278. This represents a 27.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,534 shares of company stock worth $4,864,118 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

FormFactor Stock Performance

FORM stock opened at $117.39 on Monday. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $122.52 and its two-hundred day simple moving average is $113.09. FormFactor, Inc. has a twelve month low of $27.00 and a twelve month high of $160.27. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 80.40 and a beta of 1.25.

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