Cetera Investment Advisers Reduces Holdings in FormFactor, Inc. $FORM

Cetera Investment Advisers decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,954 shares of the semiconductor company’s stock after selling 5,026 shares during the quarter. Cetera Investment Advisers’ holdings in FormFactor were worth $3,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FORM. Los Angeles Capital Management LLC purchased a new stake in FormFactor in the fourth quarter valued at approximately $25,000. UMB Bank n.a. boosted its stake 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 valued at $28,000 after buying an additional 281 shares during the period. Torren Management LLC purchased a new position in FormFactor in the fourth quarter worth approximately $41,000. Kestra Advisory Services LLC acquired a new position in shares of FormFactor during the fourth quarter worth $53,000. Finally, Clearstead Advisors LLC boosted its position in shares of FormFactor by 58.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 389 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on FORM shares. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Tuesday, May 12th. Citigroup upped their price target on FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Finally, Weiss Ratings lowered FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Stock Down 4.9%

Shares of FORM opened at $114.44 on Thursday. The firm has a market cap of $8.92 billion, a PE ratio of 78.38 and a beta of 1.25. 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 fifty day moving average is $122.97 and its two-hundred day moving average is $112.56. FormFactor, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $160.27.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data 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 company had revenue of $258.24 million for 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 quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Analysts forecast that FormFactor, Inc. will post 2.58 earnings per share for the current year.

Insider Activity at FormFactor

In related news, Director Dennis Thomas St sold 2,800 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director directly owned 29,073 shares of the company’s stock, valued at approximately $4,404,268.77. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.47, for a total value of $484,127.16. Following the sale, the director owned 7,875 shares of the company’s stock, valued at $995,951.25. This 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 valued at $4,864,118 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

FormFactor News Roundup

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Analysts raised forward earnings forecasts. Northland Securities increased its estimates across multiple periods, including Q3 2026 EPS to $0.78 from $0.55, FY2026 EPS to $2.70 from $2.08, and FY2027 EPS to $2.76 from $1.98. The revisions suggest expectations for sustained demand and improved profitability. MarketBeat FormFactor analyst estimates
• Positive Sentiment: Recent results and guidance were strong. FormFactor reported record second-quarter revenue of $258.2 million, up 31.9% year over year, while non-GAAP EPS reached $0.82 and non-GAAP gross margin improved to 53.3%. Management projected approximately $270 million in third-quarter revenue and another quarter of record revenue and profitability, supported by DRAM, foundry, logic, advanced packaging, high-bandwidth memory and co-packaged optics demand. Quiver Quantitative FormFactor analysis
• Neutral Sentiment: Earnings-estimate momentum is improving. Zacks said rising estimates could support further near-term gains, although the stock’s valuation remains elevated, with a reported price-to-earnings ratio above 78. Zacks FormFactor earnings estimates article
• Negative Sentiment: Insider selling may weigh on sentiment. Quiver reported 50 insider sales and no insider purchases over the past six months, including substantial sales by FormFactor’s chief executive. This may reinforce profit-taking concerns after the stock’s strong run.

FormFactor Company 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.