Keybank National Association OH Takes $439,000 Position in FormFactor, Inc. $FORM

Keybank National Association OH purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,868 shares of the semiconductor company's stock, valued at approximately $439,000.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of FormFactor during the third quarter valued at approximately $508,000. State of New Jersey Common Pension Fund D raised its holdings in shares of FormFactor by 24.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 76,376 shares of the semiconductor company's stock valued at $2,782,000 after buying an additional 15,186 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of FormFactor by 26.3% during the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company's stock valued at $87,585,000 after buying an additional 500,156 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of FormFactor by 68.8% during the third quarter. ProShare Advisors LLC now owns 29,336 shares of the semiconductor company's stock valued at $1,068,000 after buying an additional 11,956 shares during the last quarter. Finally, Shannon River Fund Management LLC bought a new position in shares of FormFactor in the third quarter valued at approximately $35,260,000. Institutional investors own 98.76% of the company's stock.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 11,294 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $127.72, for a total transaction of $1,442,469.68. Following the completion of the sale, the chief executive officer directly owned 449,565 shares of the company's stock, valued at $57,418,441.80. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,200 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $93.70, for a total transaction of $206,140.00. Following the sale, the director directly owned 30,579 shares of the company's stock, valued at approximately $2,865,252.30. This represents a 6.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 64,482 shares of company stock valued at $6,438,951. Corporate insiders own 0.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Craig Hallum cut shares of FormFactor from a "buy" rating to a "hold" rating in a report on Thursday, April 30th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $175.00 price objective on shares of FormFactor in a report on Monday, April 27th. Piper Sandler set a $100.00 price objective on shares of FormFactor in a report on Monday, February 2nd. Freedom Capital upgraded shares of FormFactor to a "hold" rating in a report on Tuesday, January 27th. Finally, Citigroup increased their price objective on shares of FormFactor to $165.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of "Hold" and an average target price of $121.55.

Key Headlines Impacting FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Northland Securities sharply raised its EPS forecasts across multiple quarters and years — boosting Q2–Q4 2026 quarter estimates to roughly $0.51–$0.55, lifting FY2026 to $2.08 (from $1.39), and raising FY2027 to $1.98. The firm’s upward revisions signal stronger near-term profit expectations. (Northland research summarized in filings/newswire)
• Positive Sentiment: FormFactor reported a Q1 beat (Q1 EPS and revenue topped consensus) and provided Q2 2026 guidance of $0.570–$0.650 EPS — supporting the case for continued margin and revenue momentum. (Company Q1 results / guidance)
• Positive Sentiment: Market commentators flagged the estimate revisions as a catalyst. Zacks highlighted “surging earnings estimates” as a reason for upside potential. Article Title
• Positive Sentiment: Zacks also included FORM on a short list of high-momentum (Zacks Rank #1) stocks, which can attract momentum traders and funds. Article Title
• Neutral Sentiment: Investors seeking more detail can read the Q1 2026 earnings call transcript (provides color on demand trends, customer comments and margin outlook). Article Title
• Negative Sentiment: Valuation is rich — FORM trades at a high P/E (~166x) versus historical norms, increasing sensitivity to any earnings or guide-down surprises and raising downside risk if growth slows.

FormFactor Trading Up 7.9%

FormFactor stock opened at $145.00 on Wednesday. FormFactor, Inc. has a 12-month low of $26.08 and a 12-month high of $159.09. The stock has a market capitalization of $11.30 billion, a PE ratio of 166.67 and a beta of 1.32. The firm has a 50 day simple moving average of $110.66 and a 200-day simple moving average of $79.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69.

FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business had revenue of $226.14 million during the quarter, compared to analyst estimates of $225.54 million. During the same period in the prior year, the business earned $0.23 earnings per share. The business's quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities research analysts expect that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

FormFactor 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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