Peregrine Capital Management LLC Has $10.13 Million Holdings in FormFactor, Inc. $FORM

Peregrine Capital Management LLC trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 12.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,590 shares of the semiconductor company’s stock after selling 26,128 shares during the period. Peregrine Capital Management LLC’s holdings in FormFactor were worth $10,129,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FORM. Bank of America Corp DE lifted its position in shares of FormFactor by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after acquiring an additional 108,487 shares during the period. Reinhart Partners LLC. grew its holdings in FormFactor by 26.3% in the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after purchasing an additional 500,156 shares during the period. Alliancebernstein L.P. increased its stake in FormFactor by 3.2% in the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after purchasing an additional 73,644 shares in the last quarter. Sei Investments Co. increased its stake in FormFactor by 3.5% in the third quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after purchasing an additional 55,101 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of FormFactor by 10.2% during the second quarter. Ameriprise Financial Inc. now owns 1,127,928 shares of the semiconductor company’s stock valued at $38,812,000 after purchasing an additional 104,513 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insider Transactions at FormFactor

In other news, CFO Aric Brendan Mckinnis sold 3,462 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $90.42, for a total value of $313,034.04. Following the completion of the transaction, the chief financial officer directly owned 11,140 shares of the company’s stock, valued at $1,007,278.80. This represents a 23.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kelley Steven-Waiss sold 2,200 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $93.70, for a total value of $206,140.00. Following the sale, the director directly owned 30,579 shares of the company’s stock, valued at $2,865,252.30. The trade was a 6.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 64,482 shares of company stock worth $6,438,951. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FORM shares. Evercore raised their target price on FormFactor from $50.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. Freedom Capital raised FormFactor to a “hold” rating in a research note on Tuesday, January 27th. Stifel Nicolaus raised their price objective on FormFactor from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Citigroup upped their target price on FormFactor from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and a consensus price target of $87.91.

FormFactor Stock Up 0.9%

FormFactor stock traded up $1.33 during trading on Thursday, hitting $147.51. 111,090 shares of the company were exchanged, compared to its average volume of 1,510,882. The company has a market capitalization of $11.50 billion, a P/E ratio of 213.65 and a beta of 1.04. The business’s 50 day moving average is $103.98 and its 200 day moving average is $74.56. FormFactor, Inc. has a 52 week low of $26.08 and a 52 week high of $152.00. The company has a current ratio of 4.50, a quick ratio of 3.60 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The firm had revenue of $215.16 million for the quarter, compared to the consensus estimate of $210.29 million. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Analysts predict that FormFactor, Inc. will post 1.41 earnings per share for the current year.

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.