FormFactor, Inc. $FORM Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378,495 shares of the semiconductor company’s stock after acquiring an additional 8,100 shares during the period. Principal Financial Group Inc. owned 0.49% of FormFactor worth $36,710,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its stake in FormFactor by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after purchasing an additional 157 shares during the period. Blue Trust Inc. increased its stake in FormFactor by 1.9% in the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 196 shares during the period. UMB Bank n.a. increased its stake in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of FormFactor by 2.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock valued at $635,000 after buying an additional 299 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of FormFactor by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after buying an additional 370 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FormFactor

In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director owned 5,375 shares in the company, valued at approximately $674,025. The trade was a 54.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.47, for a total value of $484,127.16. Following the transaction, the director directly owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. This trade represents a 32.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,534 shares of company stock worth $4,864,118 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

FormFactor Stock Down 1.4%

FORM stock opened at $105.57 on Friday. The stock has a market capitalization of $8.23 billion, a PE ratio of 121.35 and a beta of 1.22. The company has a fifty day moving average of $129.12 and a 200-day moving average of $108.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. FormFactor, Inc. has a one year low of $26.08 and a one year high of $160.27.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, analysts expect that FormFactor, Inc. will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FORM shares. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a report on Friday, June 5th. Northland Securities set a $118.00 price objective on FormFactor in a research note on Thursday, April 30th. Weiss Ratings cut FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. TD Cowen lifted their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.45.

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.