FormFactor, Inc. $FORM Stock Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 81.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,408 shares of the semiconductor company's stock after selling 212,110 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of FormFactor worth $7,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. acquired a new stake in shares of FormFactor during the 2nd quarter valued at $25,000. Persistent Asset Partners Ltd bought a new stake in shares of FormFactor during the 2nd quarter worth $43,000. Mather Group LLC. bought a new stake in shares of FormFactor during the 3rd quarter worth $44,000. Allworth Financial LP bought a new stake in shares of FormFactor during the 2nd quarter worth $72,000. Finally, USA Financial Formulas acquired a new position in shares of FormFactor in the 1st quarter worth $46,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FORM shares. TD Cowen cut their target price on FormFactor from $150.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Evercore set a $150.00 target price on FormFactor in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft started coverage on FormFactor in a report on Wednesday, September 30th. They set a "buy" rating and a $200.00 target price for the company. Wall Street Zen lowered FormFactor from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 9th. Finally, Stifel Nicolaus set a $115.00 price target on FormFactor in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.83.

FormFactor Price Performance

FORM opened at $107.70 on Wednesday. The stock has a fifty day moving average of $119.84 and a 200-day moving average of $123.88. The firm has a market capitalization of $8.40 billion, a P/E ratio of 73.77 and a beta of 1.18. FormFactor, Inc. has a 12-month low of $40.60 and a 12-month high of $160.27. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last issued 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 business 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%. FormFactor's revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities analysts forecast that FormFactor, Inc. will post 2.70 EPS for the current fiscal year.

Insider Transactions at FormFactor

In related 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 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. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 17,510 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total transaction of $1,833,822.30. Following the transaction, the chief executive officer directly owned 466,694 shares in the company, valued at $48,876,862.62. The trade was a 3.62% 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. Insiders sold a total of 46,710 shares of company stock worth $5,520,564 in the last quarter. 0.79% of the stock is owned by corporate insiders.

FormFactor Profile

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company's portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.

Want to see what other hedge funds are holding FORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FormFactor, Inc. (NASDAQ:FORM - Free Report).

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.