FormFactor, Inc. $FORM Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. raised its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,327 shares of the semiconductor company’s stock after buying an additional 12,830 shares during the quarter. Pinnacle Associates Ltd.’s holdings in FormFactor were worth $28,268,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in shares of FormFactor in the second quarter worth $285,257,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of FormFactor in the second quarter valued at $2,047,000. Public Employees Retirement System of Ohio acquired a new stake in shares of FormFactor during the second quarter valued at $3,940,000. The Manufacturers Life Insurance Company acquired a new stake in shares of FormFactor during the second quarter valued at $4,108,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of FormFactor during the second quarter valued at $3,919,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Down 2.2%

FORM stock opened at $107.70 on Wednesday. The company has a 50 day moving average price of $119.84 and a two-hundred day moving average price of $123.88. 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 stock has a market capitalization of $8.40 billion, a P/E ratio of 73.77 and a beta of 1.18. FormFactor, Inc. has a one year low of $40.60 and a one year high of $160.27.

FormFactor (NASDAQ:FORM) last issued 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 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 analyst estimates of $240.00 million. During the same quarter in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter 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, sell-side analysts expect that FormFactor, Inc. will post 2.70 EPS for the current year.

Analyst Upgrades and Downgrades

FORM has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a research report on Tuesday, September 22nd. TD Cowen reduced their target price on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Stifel Nicolaus set a $115.00 price target on shares of FormFactor in a research note on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of FormFactor in a report on Wednesday, September 30th. They set a “buy” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.83.

Insiders Place Their Bets

In related news, Director Kelley Steven-Waiss sold 2,100 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the transaction, the director directly owned 24,426 shares in the company, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 11,098 shares of the company’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total value of $1,389,469.60. Following the completion of the transaction, the chief executive officer owned 455,596 shares of the company’s stock, valued at $57,040,619.20. The trade was a 2.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 46,710 shares of company stock valued at $5,520,564. Company insiders own 0.79% of the company’s stock.

About FormFactor

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.