Canada Pension Plan Investment Board Purchases New Stake in FormFactor, Inc. $FORM

Key Points

• Canada Pension Plan Investment Board acquired 92,400 FormFactor shares worth approximately $14.8 million, representing about 0.12% of the company. Institutional investors collectively own 98.76% of FormFactor.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $127.45; several firms recently upgraded the stock to Buy or Strong Buy.
• FormFactor exceeded quarterly expectations, reporting $0.82 in EPS versus a $0.61 estimate and revenue of $258.24 million, up 31.9% year over year. Meanwhile, insiders sold 37,020 shares worth about $4.76 million over the past 90 days.

Canada Pension Plan Investment Board acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 92,400 shares of the semiconductor company's stock, valued at approximately $14,778,000. Canada Pension Plan Investment Board owned approximately 0.12% of FormFactor as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of FormFactor by 4.5% in the 1st 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 boosted its position in shares of FormFactor by 870.3% during the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company's stock valued at $150,000 after acquiring an additional 4,743 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of FormFactor by 12.2% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of FormFactor by 5.7% in the first 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 period. Finally, Intech Investment Management LLC increased its position in FormFactor by 18.1% during the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company's stock worth $1,514,000 after purchasing an additional 8,194 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Evercore set a $150.00 target price on shares of FormFactor in a report on Thursday, July 30th. B. Riley Financial raised 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. Zacks Research upgraded FormFactor from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. Weiss Ratings upgraded FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. Finally, Craig Hallum upgraded FormFactor from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $127.45.

Insider Transactions at FormFactor

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. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the sale, the director owned 29,073 shares in the company, valued at $4,404,268.77. This represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,020 shares of company stock worth $4,756,017 over the last ninety days. Company insiders own 0.79% of the company's stock.

FormFactor Stock Performance

Shares of FORM stock opened at $101.69 on Friday. The firm's 50 day moving average price is $118.46 and its 200-day moving average price is $117.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. FormFactor, Inc. has a one year low of $27.81 and a one year high of $160.27. The firm has a market cap of $7.93 billion, a P/E ratio of 69.65 and a beta of 1.25.

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

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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