Pinnacle Associates Ltd. Purchases 12,830 Shares of FormFactor, Inc. $FORM

Key Points

• Pinnacle Associates increased its FormFactor stake by 7.3% in the third quarter, purchasing 12,830 shares for a total holding of 189,327 shares valued at approximately $28.3 million. Institutional investors collectively own 98.76% of the company.
• Analysts maintain a generally positive view of FormFactor, with a consensus rating of “Moderate Buy” and an average price target of $131.83. Ratings include one Strong Buy, seven Buys and four Holds, although TD Cowen lowered its target to $100.
• FormFactor reported quarterly earnings of $0.82 per share, beating estimates of $0.61, while revenue rose 31.9% year over year to $258.24 million. The stock opened at $107.70, down 2.2%, while insiders sold 46,710 shares worth approximately $5.5 million over the past three months.

Pinnacle Associates Ltd. increased its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,327 shares of the semiconductor company's stock after purchasing an additional 12,830 shares during the period. Pinnacle Associates Ltd. owned approximately 0.24% of FormFactor worth $28,268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in shares of FormFactor by 14.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,452 shares of the semiconductor company's stock valued at $515,000 after buying an additional 433 shares during the period. CWA Asset Management Group LLC acquired a new stake in FormFactor in the third quarter valued at $2,715,000. Vontobel Holding Ltd. lifted its holdings in FormFactor by 24.3% in the third quarter. Vontobel Holding Ltd. now owns 10,945 shares of the semiconductor company's stock valued at $1,634,000 after acquiring an additional 2,139 shares during the period. V Square Quantitative Management LLC boosted its position in shares of FormFactor by 96.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 124 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of FormFactor during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FORM. Weiss Ratings upgraded shares of FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of FormFactor in a research report on Wednesday, September 30th. They set a "buy" rating and a $200.00 target price on the stock. Wall Street Zen cut shares of FormFactor from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 9th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of FormFactor in a report on Tuesday, September 22nd. Finally, TD Cowen reduced their price target on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $131.83.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 11,098 shares of the firm's stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the completion of the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at approximately $57,040,619.20. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the transaction, the director owned 24,426 shares of the company's stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 46,710 shares of company stock worth $5,520,564. 0.79% of the stock is owned by corporate insiders.

FormFactor Stock Down 2.2%

FORM opened at $107.70 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 73.77 and a beta of 1.18. FormFactor, Inc. has a one year low of $40.60 and a one year high of $160.27. The business's fifty day moving average is $119.84 and its two-hundred day moving average is $123.88.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. The business 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%. The business's revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Analysts anticipate that FormFactor, Inc. will post 2.70 EPS for the current fiscal year.

FormFactor Profile

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company's portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.

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