GSA Capital Partners LLP Invests $1.25 Million in FormFactor, Inc. $FORM

Key Points

• GSA Capital Partners acquired 7,797 FormFactor shares worth approximately $1.25 million, while institutional investors collectively own 98.76% of the company.
• FormFactor reported stronger-than-expected quarterly results, with EPS of $0.82 versus the $0.61 consensus and revenue of $258.24 million, up 31.9% year over year.
• The stock opened at $138.16 after rising 5%, while analysts maintained a “Moderate Buy” consensus with an average price target of $127.45; insiders have sold $5.65 million of shares over the past 90 days.

GSA Capital Partners LLP purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,797 shares of the semiconductor company's stock, valued at approximately $1,247,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FORM. Los Angeles Capital Management LLC bought a new stake in FormFactor in the fourth quarter worth about $25,000. USA Financial Formulas bought a new position in shares of FormFactor during the first quarter valued at approximately $46,000. UMB Bank n.a. raised its holdings in shares of FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company's stock worth $28,000 after buying an additional 281 shares during the period. Torren Management LLC purchased a new stake in shares of FormFactor in the fourth quarter worth approximately $41,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of FormFactor during the 4th quarter worth approximately $53,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Up 5.0%

FORM stock opened at $138.16 on Tuesday. The firm has a 50 day moving average of $123.12 and a 200 day moving average of $115.20. The stock has a market capitalization of $10.77 billion, a PE ratio of 94.63 and a beta of 1.25. 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, Inc. has a 52 week low of $27.00 and a 52 week high of $160.27.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.21. The company had revenue of $258.24 million for 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%. FormFactor's revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Insider Activity

In other FormFactor news, Director Dennis Thomas St sold 2,800 shares of FormFactor stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director owned 29,073 shares of the company's stock, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian C. White sold 3,250 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total value of $409,500.00. Following the sale, the director owned 8,653 shares in the company, valued at approximately $1,090,278. The trade was a 27.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 44,098 shares of company stock valued at $5,649,644. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on FORM. Citigroup boosted their price objective on FormFactor to $165.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Cantor Fitzgerald reiterated an "overweight" rating on shares of FormFactor in a research report on Monday, July 27th. Evercore set a $150.00 price objective on shares of FormFactor in a report on Thursday, July 30th. B. Riley Financial upgraded FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Finally, Northland Securities set a $118.00 price objective on shares of FormFactor in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, FormFactor has an average rating of "Moderate Buy" and a consensus price target of $127.45.

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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