New York State Teachers Retirement System Acquires 15,677 Shares of FormFactor, Inc. $FORM

New York State Teachers Retirement System raised its holdings in FormFactor, Inc. (NASDAQ:FORM) by 86.4% in the 1st quarter, HoldingsChannel reports. The fund owned 33,813 shares of the semiconductor company’s stock after acquiring an additional 15,677 shares during the period. New York State Teachers Retirement System’s holdings in FormFactor were worth $3,280,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Leonteq Securities AG bought a new stake in shares of FormFactor in the first quarter worth $194,000. Strs Ohio raised its position in FormFactor by 63.2% during the 1st quarter. Strs Ohio now owns 19,100 shares of the semiconductor company’s stock worth $1,853,000 after purchasing an additional 7,400 shares during the last quarter. Pictet Asset Management Holding SA raised its position in FormFactor by 13.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 12,303 shares of the semiconductor company’s stock worth $1,193,000 after purchasing an additional 1,429 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in FormFactor during the 1st quarter worth about $3,719,000. Finally, Louisiana State Employees Retirement System acquired a new position in FormFactor during the 1st quarter worth about $3,336,000. Institutional investors own 98.76% of the company’s stock.

FormFactor Stock Performance

Shares of FORM stock opened at $119.44 on Friday. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 137.29 and a beta of 1.22. FormFactor, Inc. has a 52 week low of $26.08 and a 52 week high of $160.27. 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 50 day moving average of $132.83 and a 200-day moving average of $106.53.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. FormFactor’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities analysts forecast that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Insider Transactions at FormFactor

In other news, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were 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 approximately $4,404,268.77. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 11,890 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the transaction, the chief executive officer directly owned 435,147 shares in the company, valued at $52,805,088.45. This trade represents a 2.66% decrease in their position. 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 quarter, insiders sold 49,828 shares of company stock valued at $6,306,587. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on FORM. Stifel Nicolaus set a $135.00 price target on FormFactor in a research note on Thursday, April 30th. Citigroup lifted their price objective on FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Thursday, June 11th. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Tuesday, May 12th. One investment 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.45.

FormFactor 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.