The Manufacturers Life Insurance Company Acquires Shares of 25,685 FormFactor, Inc. $FORM

Key Points

• The Manufacturers Life Insurance Company initiated a FormFactor position by purchasing 25,685 shares valued at approximately $4.1 million. Institutional investors collectively own 98.76% of the semiconductor company.
• Analyst sentiment remains positive, with one Strong Buy, six Buy and four Hold ratings; FormFactor has an overall “Moderate Buy” consensus and an average price target of $127.45.
• FormFactor exceeded quarterly expectations, reporting $0.82 in EPS versus the $0.61 consensus and $258.24 million in revenue, up 31.9% year over year. However, the stock opened at $95.41, down 5.2%, while insiders sold 30,692 shares worth about $4.0 million over the prior three months.

The Manufacturers Life Insurance Company bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,685 shares of the semiconductor company's stock, valued at approximately $4,108,000.

A number of other large investors also recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new stake in FormFactor during the 2nd quarter valued at $25,000. Persistent Asset Partners Ltd acquired a new position in FormFactor during the second quarter worth $43,000. Los Angeles Capital Management LLC bought a new position in shares of FormFactor in the fourth quarter valued at $25,000. Allworth Financial LP bought a new position in shares of FormFactor in the second quarter valued at $72,000. Finally, USA Financial Formulas acquired a new position in shares of FormFactor during the first quarter valued at about $46,000. 98.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on FORM. Craig Hallum raised shares of FormFactor from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research report on Tuesday, May 12th. Weiss Ratings raised shares of FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. Cantor Fitzgerald reissued an "overweight" rating on shares of FormFactor in a report on Monday, July 27th. Wall Street Zen downgraded FormFactor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Finally, Evercore set a $150.00 target price on FormFactor in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $127.45.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 16,002 shares of the company'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 transaction, the chief executive officer owned 484,204 shares of the company's stock, valued at $63,406,513.80. This represents a 3.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 on Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the transaction, the director directly owned 29,073 shares in the company, valued at $4,404,268.77. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,692 shares of company stock valued at $3,962,485 over the last three months. Company insiders own 0.79% of the company's stock.

FormFactor Stock Down 5.2%

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

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.21. The company had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. FormFactor's quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities analysts expect that FormFactor, Inc. will post 2.7 earnings per share 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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