Navellier & Associates Inc. Acquires Shares of 31,096 FormFactor, Inc. $FORM

Navellier & Associates Inc. bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the second quarter, Holdings Channel.com reports. The firm bought 31,096 shares of the semiconductor company’s stock, valued at approximately $4,973,000.

Several other institutional investors also recently modified their holdings of the business. Hsbc Holdings PLC increased its holdings in shares of FormFactor by 17.8% during the second quarter. Hsbc Holdings PLC now owns 29,315 shares of the semiconductor company’s stock valued at $4,497,000 after acquiring an additional 4,434 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of FormFactor during the second quarter valued at approximately $457,000. Grandeur Peak Global Advisors LLC purchased a new position in shares of FormFactor during the second quarter valued at approximately $277,000. Caitlin John LLC bought a new position in FormFactor during the second quarter valued at approximately $400,000. Finally, Jefferies Financial Group Inc. bought a new position in FormFactor during the second quarter valued at approximately $1,285,000. 98.76% of the stock is currently owned by institutional investors.

FormFactor Stock Performance

FormFactor stock opened at $101.69 on Friday. The company’s 50-day moving average price is $118.46 and its 200-day moving average price is $117.17. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $27.81 and a twelve month high of $160.27. The company has a market cap of $7.93 billion, a PE ratio of 69.65 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data 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. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The business had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. During the same period last year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities research analysts forecast that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Tuesday, May 12th. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

Insider Buying and Selling

In related news, Director Dennis Thomas St sold 2,800 shares of the 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 sale, the director directly owned 29,073 shares of the company’s stock, valued at $4,404,268.77. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90. Following the sale, the chief executive officer directly owned 484,204 shares of the company’s stock, valued at $63,406,513.80. This represents a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,020 shares of company stock valued at $4,756,017 in the last ninety days. 0.79% of the stock is owned by company insiders.

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.