Summit Global Investments Purchases Shares of 6,063 FormFactor, Inc. $FORM

Summit Global Investments purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,063 shares of the semiconductor company’s stock, valued at approximately $970,000.

Other hedge funds also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of FormFactor in the fourth quarter worth $25,000. UMB Bank n.a. raised its position in FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the last quarter. Torren Management LLC bought a new position in FormFactor during the 4th quarter worth $41,000. Kestra Advisory Services LLC acquired a new position in FormFactor during the 4th quarter worth about $53,000. Finally, Clearstead Advisors LLC lifted its holdings in 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 buying an additional 389 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FORM shares. Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Stifel Nicolaus set a $135.00 price objective on FormFactor in a research note on Thursday, April 30th. TD Cowen reduced their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Northland Securities set a $118.00 target price on shares of FormFactor in a research report on Thursday, April 30th. Finally, B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.45.

Insiders Place Their Bets

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the business’s 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. The trade was a 32.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the transaction, the director owned 5,375 shares in the company, valued at $674,025. The trade was a 54.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,096 shares of company stock valued at $3,670,022 in the last 90 days. Company insiders own 0.79% of the company’s stock.

FormFactor Stock Performance

Shares of FormFactor stock opened at $131.60 on Friday. The business has a 50-day moving average price of $122.84 and a two-hundred day moving average price of $114.46. FormFactor, Inc. has a 1-year low of $27.00 and a 1-year high of $160.27. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.26 billion, a P/E ratio of 90.14 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, analysts anticipate that FormFactor, Inc. will post 2.7 EPS for the current year.

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.