Algert Global LLC Lowers Stake in FormFactor, Inc. $FORM

Key Points

• Algert Global reduced its FormFactor stake by 18.9% in the second quarter, selling 12,500 shares and retaining 53,560 shares valued at approximately $8.6 million. Institutional investors collectively own 98.76% of the company.
• FormFactor reported strong quarterly results, with EPS of $0.82 versus the $0.61 consensus and revenue of $258.24 million, up 31.9% year over year. The company issued third-quarter EPS guidance of $0.77–$0.95.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $127.45 price target, although targets range from $100 to $165. Insiders sold 37,020 shares worth roughly $4.76 million over the past 90 days.

Algert Global LLC trimmed its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 18.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 53,560 shares of the semiconductor company's stock after selling 12,500 shares during the period. Algert Global LLC owned 0.07% of FormFactor worth $8,566,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new stake in FormFactor during the 2nd quarter worth approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of FormFactor during the fourth quarter worth approximately $25,000. UMB Bank n.a. raised its stake in shares of FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 281 shares during the last quarter. Torren Management LLC acquired a new stake in shares of FormFactor during the fourth quarter worth $41,000. Finally, Persistent Asset Partners Ltd purchased a new position in FormFactor in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Activity

In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director directly owned 5,375 shares in the company, valued at approximately $674,025. The trade was a 54.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $151.49, for a total value of $424,172.00. Following the transaction, the director directly owned 29,073 shares in the company, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,020 shares of company stock valued at $4,756,017 over the last 90 days. Insiders own 0.79% of the company's stock.

Analyst Ratings Changes

FORM has been the topic of a number of recent analyst reports. B. Riley Financial upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. TD Cowen lowered their price objective on FormFactor from $150.00 to $100.00 and set a "hold" rating on the stock in a report on Thursday, July 30th. Wall Street Zen downgraded FormFactor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Finally, Evercore set a $150.00 price target on FormFactor in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, FormFactor has a consensus rating of "Moderate Buy" and a consensus price target of $127.45.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $108.10 on Thursday. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 74.04 and a beta of 1.25. FormFactor, Inc. has a 52 week low of $27.81 and a 52 week high of $160.27. The company's 50-day moving average price is $120.21 and its 200 day moving average price is $117.14. 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 (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $258.24 million during the quarter, compared to analysts' expectations of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The company's revenue was up 31.9% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, research analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

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.

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