Northwestern Mutual Wealth Management Co. Takes Position in FormFactor, Inc. $FORM

Northwestern Mutual Wealth Management Co. acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 408,428 shares of the semiconductor company’s stock, valued at approximately $65,320,000. Northwestern Mutual Wealth Management Co. owned 0.52% of FormFactor as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of FormFactor during the 2nd quarter worth about $1,277,000. Rakuten Securities Inc. bought a new position in FormFactor in the second quarter valued at about $301,000. Callan Family Office LLC bought a new position in shares of FormFactor in the 2nd quarter valued at about $603,000. Keating Financial Advisory Services Inc. acquired a new stake in FormFactor during the 2nd quarter worth $25,000. Finally, Allworth Financial LP acquired a new stake in shares of FormFactor during the second quarter worth $72,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FormFactor news, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the transaction, the director owned 29,073 shares in the company, valued at $4,404,268.77. This trade represents 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 Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the sale, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. This represents a 54.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 37,020 shares of company stock valued at $4,756,017. Insiders own 0.79% of the company’s stock.

FormFactor Stock Down 1.3%

FORM stock opened at $114.16 on Friday. FormFactor, Inc. has a 1-year low of $27.81 and a 1-year high of $160.27. The business’s 50 day simple moving average is $122.39 and its 200 day simple moving average is $116.16. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.90 billion, a PE ratio of 78.19 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating 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 company’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, research analysts anticipate that FormFactor, Inc. will post 2.7 EPS for the current year.

FormFactor News Summary

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks Research significantly raised its earnings forecasts and maintained a “Strong-Buy” rating. The firm lifted its estimates for Q3 2026 EPS to $0.78 from $0.48, Q4 2026 to $0.70 from $0.53, and full-year 2026 to $2.68 from $1.99. It also raised FY2027 EPS to $3.11 from $2.19 and FY2028 EPS to $3.39 from $2.47. The revisions imply expectations for accelerating profitability over the next several years.
• Positive Sentiment: Zacks also increased estimates for multiple future quarters, including Q1 2027 EPS to $0.70 from $0.47, Q2 2027 to $0.75 from $0.58, Q3 2027 to $0.85 from $0.56, Q4 2027 to $0.81 from $0.57, Q1 2028 to $0.80 from $0.60, and Q2 2028 to $0.82 from $0.64. The broad-based upgrades suggest improved confidence in FormFactor’s earnings trajectory.
• Positive Sentiment: FormFactor is gaining attention as semiconductor testing demand expands, a potential tailwind for its probe-card and test-related products as chipmakers increase capacity and address more complex devices. FormFactor Gains Attention As Semiconductor Testing Demand Expands
• Neutral Sentiment: The current-year consensus EPS estimate is $2.70, close to Zacks’ revised $2.68 forecast. Investors may therefore focus on whether upcoming results and guidance validate the more optimistic longer-term projections.
• Negative Sentiment: FormFactor trades at a high valuation, with a reported P/E ratio of approximately 78, while its shares remain below the 50-day moving average. Even with improving estimates, elevated valuation and recent technical weakness could limit near-term upside or encourage profit-taking.

Analyst Ratings Changes

FORM has been the topic of several analyst reports. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. Evercore set a $150.00 target price on FormFactor in a report on Thursday, July 30th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Tuesday, May 12th. Finally, TD Cowen cut their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.45.

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.