Bank of New York Mellon Corp Buys New Stake in FormFactor, Inc. $FORM

Bank of New York Mellon Corp purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 649,307 shares of the semiconductor company's stock, valued at approximately $103,844,000. Bank of New York Mellon Corp owned 0.83% of FormFactor at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Andar Capital Management HK Ltd acquired a new stake in shares of FormFactor in the second quarter valued at about $27,000,000. Victory Capital Management Inc. lifted its position in FormFactor by 5,596.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company's stock worth $70,090,000 after acquiring an additional 1,234,488 shares in the last quarter. Morgan Stanley boosted its holdings in FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company's stock worth $126,708,000 after acquiring an additional 1,127,146 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in FormFactor in the 4th quarter worth approximately $60,495,000. Finally, Norges Bank acquired a new stake in FormFactor in the fourth quarter valued at approximately $31,451,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Down 5.5%

Shares of FormFactor stock opened at $107.90 on Tuesday. 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 1-year low of $27.81 and a 1-year high of $160.27. The business's fifty day moving average price is $121.49 and its two-hundred day moving average price is $116.71. The company has a market capitalization of $8.41 billion, a P/E ratio of 73.90 and a beta of 1.25.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.21. The company had revenue of $258.24 million during the quarter, compared to analysts' expectations of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company's revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter 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.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of FormFactor from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. Cantor Fitzgerald restated an "overweight" rating on shares of FormFactor in a research note on Monday, July 27th. Northland Securities set a $118.00 price target on shares of FormFactor in a research note on Thursday, April 30th. TD Cowen decreased their price objective on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered FormFactor from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.45.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of the business's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis Thomas St sold 2,800 shares of the company's stock in a transaction that occurred on 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. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 37,020 shares of company stock valued at $4,756,017. Company insiders own 0.79% of the company's stock.

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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