Polymer Capital Management HK LTD Purchases Shares of 25,000 FormFactor, Inc. $FORM

Polymer Capital Management HK LTD purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,000 shares of the semiconductor company's stock, valued at approximately $3,998,000.

A number of other large investors also recently modified their holdings of FORM. Mercer Global Advisors Inc. ADV lifted its stake in shares of FormFactor by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company's stock valued at $419,000 after purchasing an additional 157 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in FormFactor during the 2nd quarter worth approximately $25,000. Blue Trust Inc. increased its position in FormFactor by 1.9% during the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company's stock worth $1,022,000 after purchasing an additional 196 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in FormFactor in the second quarter valued at approximately $43,000. Finally, UMB Bank n.a. raised its holdings in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company's stock valued at $28,000 after buying an additional 281 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $114.16 on Monday. FormFactor, Inc. has a fifty-two week low of $27.81 and a fifty-two week high of $160.27. The business has a 50 day moving average price of $122.39 and a two-hundred day moving average price of $116.48. 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 firm has a market cap of $8.90 billion, a PE ratio of 78.19 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. The company had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.FormFactor's quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts expect that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

Key Stories Impacting FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks increased its Q3 2026 EPS estimate to $0.78 from $0.48 and its FY2026 forecast to $2.68 from $1.99. Estimates for FY2027 rose to $3.11 from $2.19, while FY2028 increased to $3.39 from $2.47. These revisions signal stronger expected demand and profitability for FormFactor’s semiconductor testing business.
• Positive Sentiment: Quarterly estimates were also raised materially: Q4 2026 EPS increased to $0.70 from $0.53, Q1 2027 to $0.70 from $0.47, Q2 2027 to $0.75 from $0.58, and Q3 2027 to $0.85 from $0.56. Q1 and Q2 2028 estimates were lifted to $0.80 and $0.82, respectively.
• Neutral Sentiment: The upgrades are especially significant because the current full-year consensus estimate is $2.70 per share, close to Zacks’ revised FY2026 forecast. Investors may therefore view the revisions as supportive of longer-term growth but may wait for the company’s results and guidance to confirm the outlook.
• Negative Sentiment: FormFactor shares have decreased despite the favorable analyst revisions. The stock’s elevated valuation—approximately 78 times earnings—may be limiting enthusiasm, as investors could be taking profits or demanding stronger near-term results before assigning additional upside.

Insider Activity at FormFactor

In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction 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 transaction, the director directly owned 5,375 shares in the company, valued at $674,025. This represents a 54.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis Thomas St sold 2,800 shares of the firm's stock in a transaction 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 transaction, the director directly owned 29,073 shares of the company's stock, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,020 shares of company stock valued at $4,756,017 over the last ninety days. Corporate insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FORM. Evercore set a $150.00 price target on shares of FormFactor in a research report on Thursday, July 30th. Zacks Research raised shares of FormFactor from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. Citigroup raised their target price on shares of FormFactor to $165.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. TD Cowen reduced their target price on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating on the stock in a report on Thursday, July 30th. Finally, Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company's stock. According to 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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