California State Teachers Retirement System Purchases 14,376,359 Shares of FormFactor, Inc. $FORM

Key Points

• California State Teachers Retirement System dramatically increased its FormFactor stake, buying 14.38 million additional shares in the second quarter. The fund now owns 14.47 million shares, or 18.56% of the company, valued at approximately $2.31 billion.
• FormFactor reported stronger-than-expected quarterly results, with EPS of $0.82 versus the $0.61 analyst consensus and revenue of $258.24 million, up 31.9% year over year. The company provided third-quarter 2026 EPS guidance of $0.77 to $0.95.
• Analyst sentiment remains positive but mixed, with a consensus rating of “Moderate Buy” and an average price target of $127.45. Meanwhile, company insiders sold 20,902 shares worth about $2.72 million over the past three months.

California State Teachers Retirement System increased its position in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 16,039.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,465,988 shares of the semiconductor company's stock after buying an additional 14,376,359 shares during the period. California State Teachers Retirement System owned 18.56% of FormFactor worth $2,313,545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in FormFactor in the second quarter worth approximately $1,676,772,000. Andar Capital Management HK Ltd bought a new position in shares of FormFactor during the 2nd quarter valued at $27,000,000. Bank of America Corp DE acquired a new stake in shares of FormFactor in the 2nd quarter valued at $285,257,000. Primecap Management Co. CA bought a new stake in FormFactor in the second quarter worth $270,300,000. Finally, Victory Capital Management Inc. boosted its holdings in FormFactor by 5,596.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company's stock worth $70,090,000 after purchasing an additional 1,234,488 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

FormFactor Price Performance

Shares of FormFactor stock opened at $114.95 on Friday. The stock has a market capitalization of $8.96 billion, a P/E ratio of 78.73 and a beta of 1.24. The business has a 50 day simple moving average of $111.05 and a two-hundred day simple moving average of $117.87. FormFactor, Inc. has a 12 month low of $30.09 and a 12 month 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.

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 (EPS) for the quarter, topping 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 firm had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same period in the previous year, the company posted $0.27 earnings per share. The business's 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, analysts predict that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on FORM. Weiss Ratings upgraded FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. TD Cowen lowered their price objective on FormFactor from $150.00 to $100.00 and set a "hold" rating on the stock in a report on Thursday, July 30th. Zacks Research raised FormFactor from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. Wall Street Zen downgraded FormFactor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Finally, Evercore set a $150.00 target price on FormFactor in a report on Thursday, July 30th. One investment 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. Based on data from MarketBeat.com, FormFactor currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.45.

Insider Buying and Selling

In other FormFactor news, Director Kelley Steven-Waiss sold 2,100 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total value of $201,810.00. Following the transaction, the director directly owned 24,426 shares of the company's stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 484,204 shares in the company, valued at approximately $63,406,513.80. This represents a 3.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 20,902 shares of company stock worth $2,721,444. 0.79% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.