Assenagon Asset Management S.A. Cuts Stake in FormFactor, Inc. $FORM

Key Points

• Assenagon Asset Management cut its FormFactor stake by 38.6% in the second quarter, selling 163,309 shares and retaining 259,518 shares worth approximately $41.5 million. Institutional investors collectively own 98.76% of the company.
• FormFactor reported stronger-than-expected 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 generally positive, with six Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $127.45. However, company insiders sold 38,534 shares worth $4.86 million during the latest quarter.

Assenagon Asset Management S.A. lessened its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 38.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 259,518 shares of the semiconductor company's stock after selling 163,309 shares during the quarter. Assenagon Asset Management S.A. owned about 0.33% of FormFactor worth $41,505,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of FormFactor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company's stock worth $1,303,000 after acquiring an additional 2,001 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company's stock worth $150,000 after purchasing an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of FormFactor by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company's stock valued at $13,873,000 after purchasing an additional 53,310 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of FormFactor by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company's stock valued at $4,922,000 after purchasing an additional 9,394 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of FormFactor by 18.1% during the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company's stock valued at $1,514,000 after purchasing an additional 8,194 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the transaction, the director directly owned 7,875 shares in the company, valued at approximately $995,951.25. This represents a 32.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dennis Thomas St sold 2,800 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director directly owned 29,073 shares of the company's stock, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 38,534 shares of company stock valued at $4,864,118. 0.79% of the stock is currently owned by company insiders.

FormFactor Trading Up 1.9%

FORM opened at $117.39 on Friday. The stock has a 50-day moving average of $122.52 and a 200 day moving average of $112.85. 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 12 month low of $27.00 and a 12 month high of $160.27. The firm has a market cap of $9.15 billion, a P/E ratio of 80.40 and a beta of 1.25.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. The business had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company's quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. 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 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on FORM. Stifel Nicolaus set a $135.00 price target on FormFactor in a report on Thursday, April 30th. Zacks Research cut FormFactor from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Cantor Fitzgerald reiterated an "overweight" rating on shares of FormFactor in a research report on Monday, July 27th. Wall Street Zen lowered shares of FormFactor from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, 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 report on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $127.45.

FormFactor Company 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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