Madison Asset Management LLC Makes New $2.37 Million Investment in FormFactor, Inc. $FORM

Madison Asset Management LLC bought a new stake in FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,808 shares of the semiconductor company’s stock, valued at approximately $2,368,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FORM. Persistent Asset Partners Ltd purchased a new position in shares of FormFactor during the 2nd quarter worth $43,000. Los Angeles Capital Management LLC purchased a new stake in shares of FormFactor in the fourth quarter valued at about $25,000. USA Financial Formulas acquired a new stake in FormFactor during the first quarter worth about $46,000. UMB Bank n.a. increased its position in FormFactor by 128.9% during the fourth 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. Finally, Torren Management LLC purchased a new position in FormFactor during the fourth quarter worth about $41,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Mike Slessor sold 16,002 shares of FormFactor stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $130.95, for a total value of $2,095,461.90. Following the completion of the sale, the chief executive officer owned 484,204 shares in the company, valued at approximately $63,406,513.80. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director owned 5,375 shares of the company’s stock, valued at $674,025. This trade represents a 54.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 37,020 shares of company stock valued at $4,756,017. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

FORM has been the topic of several recent analyst reports. Wall Street Zen lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Evercore set a $150.00 price target on shares of FormFactor in a report on Thursday, July 30th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Thursday, June 11th. Finally, Northland Securities set a $118.00 price objective on FormFactor in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Stock Up 0.7%

Shares of NASDAQ:FORM opened at $115.71 on Friday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 79.25 and a beta of 1.25. FormFactor, Inc. has a 12-month low of $27.00 and a 12-month high of $160.27. The business has a 50-day moving average price of $122.89 and a 200 day moving average price of $116.17. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. The company had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. FormFactor’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts expect 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.