California Public Employees Retirement System Makes New $11.35 Million Investment in FormFactor, Inc. $FORM

California Public Employees Retirement System acquired a new stake in FormFactor, Inc. (NASDAQ:FORM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 116,977 shares of the semiconductor company’s stock, valued at approximately $11,346,000.

A number of other institutional investors have also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in shares of FormFactor in the 4th quarter valued at $25,000. UMB Bank n.a. increased its stake in shares of 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 acquiring an additional 281 shares during the last quarter. Torren Management LLC bought a new stake in shares of FormFactor in the 4th quarter valued at about $41,000. Kestra Advisory Services LLC acquired a new stake in shares of FormFactor in the 4th quarter valued at approximately $53,000. Finally, Clearstead Advisors LLC grew its holdings in shares of FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 389 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Down 7.7%

FormFactor stock opened at $104.04 on Friday. The company has a market cap of $8.11 billion, a P/E ratio of 119.59 and a beta of 1.22. FormFactor, Inc. has a 1-year low of $26.08 and a 1-year high of $160.27. The company has a fifty day simple moving average of $126.76 and a 200 day simple moving average of $110.30. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $226.14 million during 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%. The company’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Research analysts anticipate that FormFactor, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, Director Dennis Thomas St sold 2,800 shares of the 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 completion of the transaction, the director directly owned 29,073 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total value of $484,127.16. Following the completion of the transaction, the director owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. This represents a 32.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,534 shares of company stock valued at $4,864,118 in the last ninety days. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FORM. Citigroup boosted their target price on FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Tuesday, May 12th. Weiss Ratings cut FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. TD Cowen raised their target price on shares of FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, Evercore raised shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a research note on Friday, June 5th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, FormFactor currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.45.

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.