10,484,409 Shares in FormFactor, Inc. $FORM Bought by BlackRock Inc.

Key Points

• BlackRock acquired 10.48 million FormFactor shares worth approximately $1.68 billion, giving it a 13.45% stake. Institutional investors collectively own 98.76% of the semiconductor company.
• Analyst sentiment is broadly positive: FormFactor has a consensus “Moderate Buy” rating and a $127.45 average price target, though TD Cowen downgraded the stock to “Hold” and cut its target to $100.
• FormFactor reported strong quarterly results, with EPS of $0.82 versus the $0.61 consensus and revenue up 31.9% year over year to $258.24 million. Meanwhile, insiders have sold 37,020 shares worth about $4.76 million over the past 90 days.

BlackRock Inc. acquired a new stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,484,409 shares of the semiconductor company's stock, valued at approximately $1,676,772,000. BlackRock Inc. owned approximately 13.45% of FormFactor at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Andar Capital Management HK Ltd purchased a new stake in FormFactor in the 2nd quarter valued at $27,000,000. Victory Capital Management Inc. lifted its stake in shares of FormFactor by 5,596.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company's stock valued at $70,090,000 after purchasing an additional 1,234,488 shares during the period. Morgan Stanley boosted its stake in shares of FormFactor by 98.5% during the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company's stock worth $126,708,000 after acquiring an additional 1,127,146 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of FormFactor during the 4th quarter worth approximately $60,495,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of FormFactor in the 2nd quarter worth approximately $103,844,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FORM. Zacks Research raised FormFactor from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Evercore set a $150.00 target price on shares of FormFactor in a report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of FormFactor in a report on Monday, July 27th. TD Cowen lowered their price target on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Finally, 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 research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, FormFactor has a consensus rating of "Moderate Buy" and a consensus target price of $127.45.

FormFactor Stock Performance

NASDAQ FORM opened at $115.71 on Friday. The business's 50-day moving average price is $122.89 and its 200 day moving average price is $116.17. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $27.00 and a twelve month high of $160.27. The company has a market capitalization of $9.02 billion, a PE ratio of 79.25 and a beta of 1.25.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.61 by $0.21. The company had revenue of $258.24 million during the quarter, compared to analysts' expectations of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm's revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts predict that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 16,002 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the completion of the sale, the chief executive officer owned 484,204 shares of the company's stock, valued at approximately $63,406,513.80. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of the company's 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 sale, the director owned 5,375 shares of the company's stock, valued at $674,025. This represents a 54.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,020 shares of company stock worth $4,756,017. 0.79% of the stock is owned by insiders.

About FormFactor

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.

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