Oppenheimer Asset Management Inc. Lowers Holdings in FormFactor, Inc. $FORM

Key Points

• Oppenheimer Asset Management trimmed its stake in FormFactor by 14.2% in Q4, selling 10,183 shares and leaving it with 61,400 shares worth about $3.43 million (0.08% of the company).
• Q1 results beat expectations — EPS $0.56 vs. $0.45 consensus and revenue up ~32% y/y ($226.1M) — and management set Q2 EPS guidance of $0.57–$0.65, underpinning a recent re‑rating tied to AI and memory demand.
• Institutional and insider moves are notable: UBS raised its holdings by 38.8% to 283,393 shares, hedge funds own ~98.8% of the stock, while insiders sold ~64,482 shares (~$6.44M) last quarter, amid concerns about an elevated forward P/E and valuation risk.

Oppenheimer Asset Management Inc. lessened its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,400 shares of the semiconductor company's stock after selling 10,183 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of FormFactor worth $3,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Keybank National Association OH purchased a new position in shares of FormFactor in the 4th quarter worth about $439,000. Torren Management LLC bought a new stake in FormFactor in the 4th quarter worth about $41,000. D.A. Davidson & CO. bought a new stake in FormFactor in the 4th quarter worth about $276,000. Kestra Private Wealth Services LLC bought a new stake in FormFactor in the 4th quarter worth about $266,000. Finally, UBS Group AG increased its holdings in FormFactor by 38.8% in the 4th quarter. UBS Group AG now owns 283,393 shares of the semiconductor company's stock worth $15,808,000 after buying an additional 79,240 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Trending Headlines about FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q1 beat and growth: FormFactor reported stronger-than-expected Q1 results with EPS of $0.56 (vs. ~$0.45 consensus), revenue up ~32% year-over-year and margin expansion driven by probe-card strength and DRAM demand — the beat and fundamentals spurred a sizable stock rally. FormFactor NASDAQ: FORM Reports Q1
• Positive Sentiment: Strong forward guide: Management set Q2 EPS guidance of $0.57–$0.65 and revenue guidance of $235M–$245M, both well above Street expectations — this guidance underpins a re‑rating tied to AI and memory node demand. Zacks: FORM Q1 Earnings Beat
• Positive Sentiment: Earnings-call tone: Management flagged margin-driven upside and durable end-market pull from AI and DRAM, suggesting operating leverage that could support higher profitability going forward. TipRanks: Earnings Call Signals Margin-Driven Upswing
• Neutral Sentiment: Analyst stance mixed: Some firms applaud the results but are cautious on valuation — Needham kept a Hold rating, arguing that long-term growth is intact but the current price already reflects much of the outlook. TipRanks: Hold Rating
• Neutral Sentiment: Momentum signals: Market/composite ratings have improved (composite rating rising into the high 90s), reflecting short‑term technical and fundamental momentum. MSN: Composite Rating Rises
• Negative Sentiment: Valuation risk: Multiple commentaries note a resetting narrative — strong AI-driven growth is priced in and FormFactor’s forward P/E is elevated, creating downside risk if growth or margins disappoint. Yahoo: Assessing Valuation After Record Q1

Wall Street Analyst Weigh In

FORM has been the subject of several research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of FormFactor in a report on Tuesday, April 21st. 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 FormFactor in a report on Monday, February 2nd. Freedom Capital upgraded FormFactor to a "hold" rating in a report on Tuesday, January 27th. Finally, Craig Hallum downgraded FormFactor from a "buy" rating to a "hold" rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $121.55.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,200 shares of the business's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $93.70, for a total transaction of $206,140.00. Following the completion of the sale, the director directly owned 30,579 shares in the company, valued at $2,865,252.30. The trade was a 6.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian C. White sold 2,300 shares of the business's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $100.01, for a total value of $230,023.00. Following the sale, the director owned 10,556 shares of the company's stock, valued at approximately $1,055,705.56. This represents a 17.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 64,482 shares of company stock worth $6,438,951. 0.79% of the stock is owned by corporate insiders.

FormFactor Trading Up 0.0%

FormFactor stock opened at $137.43 on Monday. The business has a 50-day simple moving average of $109.65 and a two-hundred day simple moving average of $79.15. The company has a market cap of $10.71 billion, a P/E ratio of 157.97 and a beta of 1.32. FormFactor, Inc. has a 52-week low of $26.08 and a 52-week high of $159.09. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.11. The business had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The business's quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Analysts predict that FormFactor, Inc. will post 1.52 EPS for the current 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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