Deutsche Bank AG Takes Position in FormFactor, Inc. $FORM

Key Points

• Deutsche Bank initiated a FormFactor position by purchasing 140,509 shares worth approximately $22.5 million, while institutional investors collectively own 98.76% of the semiconductor company.
• Analysts maintain a generally positive outlook, with FormFactor receiving a consensus “Moderate Buy” rating and an average price target of $127.45.
• FormFactor exceeded quarterly expectations, reporting $0.82 in EPS versus the $0.61 consensus and $258.24 million in revenue, up 31.9% year over year. Insiders, however, sold 37,020 shares worth about $4.76 million during the latest quarter.

Deutsche Bank AG bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 140,509 shares of the semiconductor company's stock, valued at approximately $22,472,000. Deutsche Bank AG owned 0.18% of FormFactor at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 purchasing an additional 2,001 shares during the period. Jones Financial Companies Lllp raised its stake in shares of FormFactor by 870.3% in the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company's stock valued at $150,000 after buying an additional 4,743 shares during the period. Goldman Sachs Group Inc. raised its stake 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 buying an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 buying an additional 9,394 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of FormFactor by 18.1% during the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company's stock worth $1,514,000 after acquiring an additional 8,194 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered FormFactor from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 9th. Citigroup increased their target price on shares of FormFactor to $165.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of FormFactor from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a report on Thursday, April 30th. Finally, B. Riley Financial upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, FormFactor currently has an average rating of "Moderate Buy" and a consensus target price of $127.45.

FormFactor Stock Performance

FormFactor stock opened at $114.16 on Friday. FormFactor, Inc. has a 1-year low of $27.81 and a 1-year high of $160.27. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.90 billion, a PE ratio of 78.19 and a beta of 1.25. The firm's 50 day simple moving average is $122.39 and its 200 day simple moving average is $116.16.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS 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 business's quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, analysts expect that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director owned 5,375 shares of the company's stock, valued at $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 is available at this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the sale, the chief executive officer owned 484,204 shares in the company, valued at approximately $63,406,513.80. This trade represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 37,020 shares of company stock valued at $4,756,017 in the last quarter. Corporate insiders own 0.79% of the company's stock.

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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