UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in FormFactor, Inc. $FORM

Key Points

• UBS Asset Management increased its FormFactor stake by 14.4% in the second quarter, bringing its holdings to 180,478 shares worth approximately $28.9 million. Institutional investors collectively own 98.76% of the company.
• Analyst sentiment is favorable, with FormFactor receiving a consensus “Moderate Buy” rating and an average price target of $127.45; several firms recently upgraded the stock to Buy or Strong Buy.
• FormFactor exceeded quarterly expectations, reporting $0.82 in EPS versus a $0.61 consensus estimate and revenue of $258.24 million, up 31.9% year over year. However, insiders sold 30,692 shares worth about $4.0 million over the past three months.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 14.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,478 shares of the semiconductor company's stock after acquiring an additional 22,709 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of FormFactor worth $28,864,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its stake in FormFactor by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company's stock worth $419,000 after purchasing an additional 157 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new position in shares of FormFactor during the second quarter valued at about $25,000. Blue Trust Inc. increased its holdings in shares of FormFactor by 1.9% in the first 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 during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of FormFactor in the second quarter worth about $43,000. Finally, UMB Bank n.a. boosted its stake in FormFactor by 128.9% during 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 last quarter. Institutional investors own 98.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FORM. Weiss Ratings upgraded FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. Zacks Research upgraded shares of FormFactor from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. Evercore set a $150.00 target price on shares of FormFactor in a report on Thursday, July 30th. Craig Hallum raised shares of FormFactor from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a report on Tuesday, May 12th. Finally, B. Riley Financial upgraded FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 price target for the company in a research report on Thursday, June 11th. One equities 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $127.45.

FormFactor Price Performance

FORM stock opened at $96.76 on Friday. The stock has a market cap of $7.54 billion, a PE ratio of 66.27 and a beta of 1.24. FormFactor, Inc. has a 12 month low of $28.04 and a 12 month high of $160.27. The company has a 50-day moving average price of $114.46 and a 200 day moving average price of $117.39. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the prior year, the company posted $0.27 EPS. FormFactor's quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities research analysts anticipate that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Insider Activity

In other news, CEO Mike Slessor sold 16,002 shares of FormFactor stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the completion of the sale, the chief executive officer owned 484,204 shares of the company's stock, valued at approximately $63,406,513.80. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Thomas St. Dennis sold 2,800 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 29,073 shares of the company's stock, valued at $4,404,268.77. The trade was a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 30,692 shares of company stock valued at $3,962,485. 0.79% of the stock is owned by corporate insiders.

FormFactor 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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