California State Teachers Retirement System Has $14.47 Million Stock Position in FormFactor, Inc. $FORM

California State Teachers Retirement System boosted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,452 shares of the semiconductor company's stock after buying an additional 823 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of FormFactor worth $14,465,988 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. HB Wealth Management LLC purchased a new stake in shares of FormFactor in the 2nd quarter worth about $222,000. AlphaGrep UK Ltd acquired a new stake in FormFactor in the second quarter worth about $418,000. Concurrent Investment Advisors LLC purchased a new position in FormFactor in the second quarter valued at $3,919,000. Nykredit A S acquired a new stake in shares of FormFactor in the 2nd quarter worth $500,000. Finally, Bedel Financial Consulting Inc. purchased a new stake in shares of FormFactor during the second quarter worth $262,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Price Performance

Shares of NASDAQ:FORM traded down $1.89 during midday trading on Tuesday, hitting $101.05. The company's stock had a trading volume of 558,354 shares, compared to its average volume of 1,615,677. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The business's 50 day simple moving average is $110.74 and its 200 day simple moving average is $118.04. FormFactor, Inc. has a 12-month low of $31.05 and a 12-month high of $160.27. The company has a market cap of $7.88 billion, a P/E ratio of 69.28 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 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 net margin of 12.80% and a return on equity of 13.44%. The business's revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, analysts forecast that FormFactor, Inc. will post 2.7 EPS for the current year.

Insider Activity

In other news, CEO Mike Slessor sold 16,002 shares of FormFactor stock in a transaction on Friday, August 14th. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90. Following the completion of the sale, the chief executive officer directly owned 484,204 shares of the company's stock, valued at approximately $63,406,513.80. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the sale, the director directly owned 24,426 shares in the company, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

FORM has been the topic of several recent analyst reports. Evercore set a $150.00 price target on FormFactor in a research note on Thursday, July 30th. Wall Street Zen downgraded shares of FormFactor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Cantor Fitzgerald restated an "overweight" rating on shares of FormFactor in a research note on Monday, July 27th. Weiss Ratings upgraded shares of FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Finally, TD Cowen cut their price target on FormFactor from $150.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $127.45.

About FormFactor

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company's product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.

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