Northwestern Mutual Wealth Management Co. Has $65.32 Million Holdings in FormFactor, Inc. $FORM

Key Points

• Northwestern Mutual Wealth Management increased its FormFactor stake by 583,369% in the second quarter, owning 408,428 shares valued at $65.32 million. Institutional investors collectively hold 98.76% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $127.45; several firms recently upgraded the stock to Buy.
• FormFactor exceeded quarterly expectations, reporting $0.82 in EPS versus $0.61 expected and $258.24 million in revenue, up 31.9% year over year. However, insiders have sold 30,692 shares worth approximately $3.96 million over the past 90 days.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 583,368.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 408,428 shares of the semiconductor company's stock after purchasing an additional 408,358 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.52% of FormFactor worth $65,320,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FORM. Keating Financial Advisory Services Inc. bought a new position in FormFactor during the 2nd quarter worth $25,000. Persistent Asset Partners Ltd bought a new stake in shares of FormFactor during the 2nd quarter valued at $43,000. Los Angeles Capital Management LLC acquired a new stake in shares of FormFactor during the 4th quarter worth $25,000. Allworth Financial LP acquired a new stake in shares of FormFactor during the 2nd quarter worth $72,000. Finally, USA Financial Formulas bought a new position in shares of FormFactor in the first quarter worth $46,000. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FORM shares. Craig Hallum raised shares of FormFactor from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. Cantor Fitzgerald restated an "overweight" rating on shares of FormFactor in a research report on Monday, July 27th. Evercore set a $150.00 price target on shares of FormFactor in a report 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 for the company in a report on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $127.45.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 16,002 shares of the business's stock in a transaction on Friday, August 14th. The stock was 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 $63,406,513.80. The trade was a 3.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,692 shares of company stock worth $3,962,485 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

FormFactor Stock Performance

FormFactor stock opened at $95.41 on Wednesday. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The stock has a market cap of $7.44 billion, a PE ratio of 65.35 and a beta of 1.24. FormFactor, Inc. has a 12-month low of $27.81 and a 12-month high of $160.27. The business's 50-day moving average price is $116.39 and its two-hundred day moving average price is $117.37.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings data 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 business 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 firm's revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior 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.

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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