9,429 FormFactor, Inc. $FORM Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 33.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 19,042 shares of the semiconductor company’s stock after selling 9,429 shares during the period. State of Alaska Department of Revenue’s holdings in FormFactor were worth $2,842,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FORM. BlackRock Inc. acquired a new position in shares of FormFactor during the second quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd acquired a new stake in FormFactor in the 2nd quarter worth approximately $27,000,000. Bank of America Corp DE acquired a new stake in FormFactor in the 2nd quarter worth approximately $285,257,000. Primecap Management Co. CA acquired a new stake in FormFactor in the 2nd quarter worth approximately $270,300,000. Finally, Reinhart Partners LLC. grew its position in FormFactor by 3.1% during the 3rd quarter. Reinhart Partners LLC. now owns 659,667 shares of the semiconductor company’s stock worth $98,495,000 after purchasing an additional 19,745 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 17,510 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total transaction of $1,833,822.30. Following the completion of the transaction, the chief executive officer directly owned 466,694 shares of the company’s stock, valued at approximately $48,876,862.62. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of FormFactor stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the sale, the director owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 46,710 shares of company stock valued at $5,520,564 over the last three months. 0.79% of the stock is currently owned by insiders.

FormFactor Stock Down 7.3%

Shares of FORM stock opened at $105.01 on Friday. FormFactor, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $160.27. The firm has a market capitalization of $8.19 billion, a PE ratio of 71.92 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The stock’s 50-day simple moving average is $120.16 and its 200-day simple moving average is $123.51.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The firm 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 revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities analysts expect that FormFactor, Inc. will post 2.70 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings cut shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Evercore set a $150.00 price objective on shares of FormFactor in a report on Thursday, July 30th. Finally, Stifel Nicolaus set a $115.00 price objective on shares of FormFactor in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and an average target price of $131.83.

About FormFactor

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company’s offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.