Primecap Management Co. CA Purchases New Holdings in FormFactor, Inc. $FORM

Primecap Management Co. CA bought a new position in FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, HoldingsChannel reports. The fund bought 1,690,114 shares of the semiconductor company’s stock, valued at approximately $270,300,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in FormFactor by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after purchasing an additional 2,001 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of FormFactor by 870.3% during the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 4,743 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of FormFactor by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after purchasing an additional 53,310 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of FormFactor by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of FormFactor by 18.1% in the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after purchasing an additional 8,194 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

FORM has been the topic of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Northland Securities set a $118.00 price target on FormFactor in a research note on Thursday, April 30th. B. Riley Financial raised 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, Stifel Nicolaus set a $135.00 price objective on FormFactor in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and a consensus price target of $127.45.

Insider Buying and Selling

In related news, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. The trade was a 54.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the transaction, the director owned 29,073 shares in the company, valued at $4,404,268.77. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,020 shares of company stock worth $4,756,017 in the last quarter. 0.79% of the stock is owned by corporate insiders.

FormFactor Stock Down 0.2%

Shares of FORM opened at $107.72 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The company has a 50-day simple moving average of $120.84 and a 200-day simple moving average of $116.96. FormFactor, Inc. has a 52 week low of $27.81 and a 52 week high of $160.27. The firm has a market capitalization of $8.40 billion, a P/E ratio of 73.78 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The business’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. On average, equities research analysts expect that FormFactor, Inc. will post 2.7 earnings per share for the current 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.