Andar Capital Management HK Ltd Acquires New Shares in FormFactor, Inc. $FORM

Key Points

• Andar Capital Management HK acquired 4.32 million FormFactor shares worth approximately $27 million, gaining a 5.54% stake. Institutional investors collectively own 98.76% of the company.
• FormFactor reported quarterly earnings of $0.82 per share, exceeding the $0.61 consensus estimate, while revenue rose 31.9% year over year to $258.24 million. The company issued third-quarter EPS guidance of $0.77–$0.95.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $127.45, while insiders sold approximately $3.67 million of stock over the past three months.

Andar Capital Management HK Ltd acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,318,110 shares of the semiconductor company's stock, valued at approximately $27,000,000. FormFactor comprises about 0.1% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 13th biggest position. Andar Capital Management HK Ltd owned 5.54% of FormFactor as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. UBS Group AG increased its position in FormFactor by 38.8% during the fourth quarter. UBS Group AG now owns 283,393 shares of the semiconductor company's stock worth $15,808,000 after purchasing an additional 79,240 shares during the last quarter. Fisher Asset Management LLC increased its stake in FormFactor by 206.4% during the fourth quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company's stock worth $24,323,000 after acquiring an additional 293,746 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in shares of FormFactor in the 1st quarter worth about $1,334,000. Jackson Creek Investment Advisors LLC purchased a new position in shares of FormFactor in the 4th quarter worth about $1,704,000. Finally, WINTON GROUP Ltd acquired a new position in shares of FormFactor in the 4th quarter valued at about $610,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FORM has been the topic of several research reports. Evercore set a $150.00 price target on shares of FormFactor in a report on Thursday, July 30th. Cantor Fitzgerald reiterated an "overweight" rating on shares of FormFactor in a research note on Monday, July 27th. Weiss Ratings raised shares of FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. Craig Hallum raised shares of FormFactor from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research note on Tuesday, May 12th. Finally, Zacks Research lowered shares of FormFactor from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, FormFactor currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.45.

FormFactor Trading Down 0.1%

FORM opened at $131.60 on Friday. The stock has a market capitalization of $10.26 billion, a PE ratio of 90.14 and a beta of 1.25. The firm's fifty day moving average price is $122.84 and its 200 day moving average price is $114.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. FormFactor, Inc. has a 12-month low of $27.00 and a 12-month high of $160.27.

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

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 11,890 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the completion of the transaction, the chief executive officer owned 435,147 shares in the company, valued at $52,805,088.45. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 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 transaction, the director owned 5,375 shares of the company's stock, valued at approximately $674,025. The trade was a 54.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 29,096 shares of company stock worth $3,670,022. Corporate insiders own 0.79% of the company's stock.

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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