Polymer Capital Management HK LTD Purchases New Stake in FormFactor, Inc. $FORM

Polymer Capital Management HK LTD acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 25,000 shares of the semiconductor company’s stock, valued at approximately $3,998,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. bought a new stake in FormFactor during the second quarter valued at $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of FormFactor during the fourth quarter worth $25,000. UMB Bank n.a. lifted its position in shares of 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 buying an additional 281 shares during the last quarter. Torren Management LLC bought a new position in shares of FormFactor in the 4th quarter worth about $41,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of FormFactor in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Transactions at FormFactor

In related news, Director Dennis Thomas St sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $151.49, for a total value of $424,172.00. Following the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction on Tuesday, June 2nd. The shares were 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 in the company, valued at $674,025. The trade was a 54.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 37,020 shares of company stock worth $4,756,017. Company insiders own 0.79% of the company’s stock.

Key Stories Impacting FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks increased its Q3 2026 EPS estimate to $0.78 from $0.48 and its FY2026 forecast to $2.68 from $1.99. Estimates for FY2027 rose to $3.11 from $2.19, while FY2028 increased to $3.39 from $2.47. These revisions signal stronger expected demand and profitability for FormFactor’s semiconductor testing business.
• Positive Sentiment: Quarterly estimates were also raised materially: Q4 2026 EPS increased to $0.70 from $0.53, Q1 2027 to $0.70 from $0.47, Q2 2027 to $0.75 from $0.58, and Q3 2027 to $0.85 from $0.56. Q1 and Q2 2028 estimates were lifted to $0.80 and $0.82, respectively.
• Neutral Sentiment: The upgrades are especially significant because the current full-year consensus estimate is $2.70 per share, close to Zacks’ revised FY2026 forecast. Investors may therefore view the revisions as supportive of longer-term growth but may wait for the company’s results and guidance to confirm the outlook.
• Negative Sentiment: FormFactor shares have decreased despite the favorable analyst revisions. The stock’s elevated valuation—approximately 78 times earnings—may be limiting enthusiasm, as investors could be taking profits or demanding stronger near-term results before assigning additional upside.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $114.16 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 company’s 50-day moving average price is $122.39 and its 200 day moving average price is $116.48. The company has a market cap of $8.90 billion, a PE ratio of 78.19 and a beta of 1.25. FormFactor, Inc. has a fifty-two week low of $27.81 and a fifty-two week high of $160.27.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FORM. Northland Securities set a $118.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, May 12th. Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. 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. According to MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and a consensus 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.