State of New Jersey Common Pension Fund D Cuts Stake in FormFactor, Inc. $FORM

Key Points

• State of New Jersey Common Pension Fund D cut its stake in FormFactor by 42.0%, selling 32,069 shares to hold 44,307 shares (~$2.47M), even as UBS raised its position by 38.8% to 283,393 shares; institutional ownership is 98.76%.
• FormFactor beat Q1 expectations, reporting $0.56 EPS versus a $0.45 consensus and revenue of $226.14M (up 31.9% YoY), and set Q2 guidance of $0.57–$0.65 EPS.
• Insiders have been net sellers, offloading 64,482 shares (~$6.44M) over the past three months (including director sales), while insiders still own 0.79% of the company.

State of New Jersey Common Pension Fund D reduced its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 42.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,307 shares of the semiconductor company's stock after selling 32,069 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of FormFactor worth $2,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Keybank National Association OH acquired a new stake in shares of FormFactor in the 4th quarter valued at $439,000. Torren Management LLC acquired a new stake in shares of FormFactor in the 4th quarter valued at $41,000. D.A. Davidson & CO. acquired a new stake in shares of FormFactor in the 4th quarter valued at $276,000. Kestra Private Wealth Services LLC acquired a new stake in shares of FormFactor in the 4th quarter valued at $266,000. Finally, UBS Group AG raised its holdings in shares of FormFactor by 38.8% in the 4th quarter. UBS Group AG now owns 283,393 shares of the semiconductor company's stock valued at $15,808,000 after purchasing an additional 79,240 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kelley Steven-Waiss sold 2,200 shares of FormFactor stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $93.70, for a total transaction of $206,140.00. Following the sale, the director directly owned 30,579 shares in the company, valued at $2,865,252.30. This trade represents a 6.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin J. Brewer sold 3,000 shares of FormFactor stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.20, for a total transaction of $288,600.00. Following the sale, the director owned 8,105 shares in the company, valued at $779,701. This represents a 27.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,482 shares of company stock worth $6,438,951 over the last three months. Company insiders own 0.79% of the company's stock.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $149.12 on Thursday. The company's fifty day moving average price is $111.72 and its 200 day moving average price is $80.62. FormFactor, Inc. has a 12 month low of $26.08 and a 12 month high of $159.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. The firm has a market capitalization of $11.62 billion, a P/E ratio of 171.40 and a beta of 1.32.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. During the same period last year, the business earned $0.23 EPS. FormFactor's revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, sell-side analysts predict that FormFactor, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FORM shares. Cantor Fitzgerald restated an "overweight" rating and issued a $175.00 price objective on shares of FormFactor in a report on Monday, April 27th. Weiss Ratings restated a "hold (c)" rating on shares of FormFactor in a report on Tuesday, April 21st. Evercore set a $155.00 price objective on shares of FormFactor in a report on Thursday, April 30th. B. Riley Financial restated a "neutral" rating on shares of FormFactor in a report on Thursday, April 30th. Finally, Zacks Research lowered shares of FormFactor from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $121.55.

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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