18,186 Shares of FormFactor, Inc. $FORM Acquired by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group acquired 18,186 FormFactor shares worth approximately $2.7 million in the third quarter. Institutional investors collectively own 98.76% of the company.
• Analysts remain broadly positive, with FormFactor receiving a consensus “Moderate Buy” rating and an average price target of $131.83. Deutsche Bank initiated coverage with a $200 target, while Zacks upgraded the stock to “Strong Buy.”
• FormFactor reported quarterly EPS of $0.82, beating estimates by $0.21, while revenue rose 31.9% year over year to $258.24 million. Shares opened at $107.70, down 2.2%, and insiders have sold 46,710 shares worth $5.5 million over the past 90 days.

CWA Asset Management Group LLC purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,186 shares of the semiconductor company's stock, valued at approximately $2,715,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of FormFactor in the 2nd quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd bought a new position in FormFactor during the second quarter valued at $27,000,000. Bank of America Corp DE bought a new position in FormFactor during the 2nd quarter valued at about $285,257,000. Primecap Management Co. CA bought a new position in FormFactor during the 2nd quarter valued at about $270,300,000. Finally, Bank of New York Mellon Corp bought a new stake in FormFactor in the second quarter worth about $103,844,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FORM shares. Deutsche Bank Aktiengesellschaft initiated coverage on FormFactor in a research report on Wednesday, September 30th. They set a "buy" rating and a $200.00 target price for the company. Evercore set a $150.00 target price on shares of FormFactor in a research report on Thursday, July 30th. Weiss Ratings raised shares of FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. Cantor Fitzgerald restated an "overweight" rating on shares of FormFactor in a research note on Tuesday, September 22nd. Finally, Zacks Research upgraded shares of FormFactor from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, FormFactor has a consensus rating of "Moderate Buy" and a consensus price target of $131.83.

FormFactor Stock Down 2.2%

Shares of FORM opened at $107.70 on Wednesday. FormFactor, Inc. has a 52 week low of $40.60 and a 52 week high of $160.27. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 73.77 and a beta of 1.18. The stock's 50-day moving average price is $119.84 and its 200-day moving average price is $123.88.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $240.00 million. During the same period in the previous year, the business posted $0.27 EPS. 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, sell-side analysts predict that FormFactor, Inc. will post 2.70 EPS for the current year.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 17,510 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $104.73, for a total transaction of $1,833,822.30. Following the completion of the sale, the chief executive officer directly owned 466,694 shares in the company, valued at approximately $48,876,862.62. The trade was a 3.62% decrease in their position. The transaction was disclosed in a 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 Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction on Thursday, September 3rd. The shares were 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 of the company's stock, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 46,710 shares of company stock valued at $5,520,564. Insiders own 0.79% of the company's stock.

FormFactor Profile

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.

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