Lisanti Capital Growth LLC Makes New $6.63 Million Investment in FormFactor, Inc. $FORM

Key Points

• Lisanti Capital Growth LLC initiated a $6.63 million FormFactor stake, purchasing 41,430 shares that represented about 1.5% of its portfolio and 0.05% of FormFactor’s outstanding stock.
• FormFactor reported strong quarterly results, with adjusted EPS of $0.82 versus the $0.61 consensus and revenue of $258.24 million, up 31.9% year over year. The company guided for third-quarter EPS of $0.77–$0.95.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $127.45, although insiders sold 37,020 shares worth approximately $4.76 million over the quarter.

Lisanti Capital Growth LLC bought a new stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,430 shares of the semiconductor company's stock, valued at approximately $6,626,000. FormFactor makes up 1.5% of Lisanti Capital Growth LLC's holdings, making the stock its 19th biggest position. Lisanti Capital Growth LLC owned approximately 0.05% of FormFactor at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its holdings in shares of FormFactor by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company's stock worth $419,000 after acquiring an additional 157 shares during the period. Blue Trust Inc. grew its holdings in shares of FormFactor by 1.9% in the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company's stock valued at $1,022,000 after purchasing an additional 196 shares during the period. Persistent Asset Partners Ltd purchased a new stake in shares of FormFactor in the second quarter valued at about $43,000. UMB Bank n.a. increased its position in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 281 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its position in FormFactor by 2.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company's stock worth $635,000 after purchasing an additional 299 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Sheri Rhodes sold 6,328 shares of the company'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 transaction of $793,531.20. Following the sale, the director directly owned 5,375 shares of the company's stock, valued at $674,025. This represents a 54.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the sale, the director owned 29,073 shares in the company, valued at approximately $4,404,268.77. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,020 shares of company stock valued at $4,756,017. 0.79% of the stock is currently owned by company insiders.

FormFactor Price Performance

FORM stock opened at $114.95 on Thursday. The business's fifty day moving average price is $123.18 and its 200 day moving average price is $115.86. FormFactor, Inc. has a 12-month low of $27.00 and a 12-month 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 company has a market capitalization of $8.96 billion, a PE ratio of 78.73 and a beta of 1.25.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. The company 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 for the quarter was up 31.9% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, sell-side analysts anticipate that FormFactor, Inc. will post 2.7 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on FORM. Evercore set a $150.00 price target on shares of FormFactor in a research note 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. Northland Securities set a $118.00 price objective on FormFactor in a report on Thursday, April 30th. Zacks Research lowered FormFactor from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of FormFactor in a research note on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $127.45.

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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