Allianz Asset Management GmbH Makes New Investment in FormFactor, Inc. $FORM

Allianz Asset Management GmbH acquired a new position in FormFactor, Inc. (NASDAQ:FORM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,081 shares of the semiconductor company's stock, valued at approximately $16,806,000. Allianz Asset Management GmbH owned about 0.13% of FormFactor as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in FORM. California State Teachers Retirement System increased its stake in shares of FormFactor by 16,039.9% during the 2nd quarter. California State Teachers Retirement System now owns 14,465,988 shares of the semiconductor company's stock worth $2,313,545,000 after purchasing an additional 14,376,359 shares during the last quarter. BlackRock Inc. bought a new position in shares of FormFactor in the 2nd quarter valued at approximately $1,676,772,000. Andar Capital Management HK Ltd bought a new position in shares of FormFactor in the 2nd quarter valued at approximately $27,000,000. Bank of America Corp DE lifted its holdings in FormFactor by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company's stock worth $96,586,000 after purchasing an additional 108,487 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company's stock worth $87,305,000 after purchasing an additional 73,644 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Performance

NASDAQ FORM opened at $103.90 on Tuesday. The company's fifty day moving average is $113.12 and its two-hundred day moving average is $117.50. FormFactor, Inc. has a 52-week low of $29.01 and a 52-week high of $160.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 71.16 and a beta of 1.24.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities research analysts forecast that FormFactor, Inc. will post 2.7 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on FORM. Cantor Fitzgerald reiterated an "overweight" rating on shares of FormFactor in a report on Monday, July 27th. Zacks Research raised shares of FormFactor from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. TD Cowen dropped their target price on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating on the stock in a report on Thursday, July 30th. Evercore set a $150.00 price target on shares of FormFactor in a report on Thursday, July 30th. Finally, Weiss Ratings raised FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. One investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $127.45.

Insider Buying and Selling at FormFactor

In other news, Director Thomas St. Dennis sold 2,800 shares of the firm'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 completion of the transaction, the director directly owned 29,073 shares of the company's stock, valued at approximately $4,404,268.77. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mike Slessor sold 16,002 shares of FormFactor stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the sale, the chief executive officer owned 484,204 shares in the company, valued at approximately $63,406,513.80. This trade represents a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,792 shares of company stock valued at $4,164,295 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

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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