Healthcare of Ontario Pension Plan Trust Fund Sells 100,000 Shares of FormFactor, Inc. $FORM

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 58.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,055 shares of the semiconductor company’s stock after selling 100,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in FormFactor were worth $6,892,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in FormFactor in the fourth quarter worth $25,000. UMB Bank n.a. grew its stake in 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 purchasing an additional 281 shares during the period. Torren Management LLC purchased a new stake in shares of FormFactor during the 4th quarter valued at $41,000. Kestra Advisory Services LLC bought a new stake in shares of FormFactor during the 4th quarter worth $53,000. Finally, Clearstead Advisors LLC raised its stake 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 purchasing an additional 389 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Northland Securities set a $118.00 price target on shares of FormFactor in a research report on Thursday, April 30th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Thursday, June 11th. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a research note on Monday. Citigroup boosted their target price on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, TD Cowen increased their target price on shares of FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.45.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Brian C. White sold 3,250 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total value of $409,500.00. Following the sale, the director directly owned 8,653 shares in the company, valued at $1,090,278. This represents a 27.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 5,375 shares of the company’s stock, valued at approximately $674,025. The trade was a 54.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,534 shares of company stock worth $4,864,118 in the last ninety days. Insiders own 0.79% of the company’s stock.

Key FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: FormFactor reported record second-quarter revenue of $258.2 million, up 31.9% year over year and above the $240 million consensus estimate. Adjusted earnings were $0.82 per share, beating expectations of $0.61 and rising sharply from $0.27 a year earlier. FormFactor Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management issued better-than-expected third-quarter guidance: revenue of approximately $260 million to $280 million, compared with consensus of $246.2 million, and EPS of $0.77 to $0.95 versus expectations of $0.60. FormFactor Stock Surges on Better-Than-Expected Q2 Earnings
• Positive Sentiment: Demand was strong across DRAM, Foundry & Logic, and Systems. Gross margin expanded to 50.7% from 37.3% a year earlier, while operating cash flow reached $61.8 million and free cash flow was $52.6 million. FormFactor Reports 2026 Second Quarter Results
• Positive Sentiment: An expanded multiyear partnership with Keystone Microtech will increase support and testing capacity in Taiwan for AI, HBM, advanced packaging, and high-speed semiconductor applications. FormFactor and Keystone Microtech Strategic Partnership
• Negative Sentiment: FormFactor’s valuation remains demanding, with a reported price-to-earnings ratio near 96. After the strong earnings reaction, profit-taking or concerns that high growth is already priced in may be contributing to the subsequent decline.
• Negative Sentiment: Recent insider-trading data showed selling but no purchases among tracked insiders over the past six months, including substantial sales by senior executives. This may weigh on sentiment, although insider sales do not necessarily indicate deteriorating business fundamentals.

FormFactor Stock Down 5.4%

FORM stock opened at $83.45 on Thursday. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $6.51 billion, a PE ratio of 95.92 and a beta of 1.22. FormFactor, Inc. has a twelve month low of $26.08 and a twelve month high of $160.27. The stock has a 50-day simple moving average of $124.97 and a two-hundred day simple moving average of $111.19.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities analysts predict that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

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.