VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $2.05 Million Investment in FormFactor, Inc. $FORM

Key Points

• Virginia Retirement Systems initiated a $2.05 million position in FormFactor, purchasing 12,800 shares during the second quarter. Institutional investors collectively own 98.76% of the semiconductor equipment maker.
• FormFactor reported strong quarterly results, with adjusted earnings of $0.82 per share and revenue of $258.24 million, exceeding estimates; revenue rose 31.9% year over year. The company guided for third-quarter EPS of $0.77–$0.95.
• The stock opened at $114.95, while analysts maintained a consensus “Moderate Buy” rating with a $127.45 price target. Recent insider activity was bearish, with insiders selling 20,902 shares worth approximately $2.72 million over 90 days.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in FormFactor, Inc. (NASDAQ:FORM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,800 shares of the semiconductor company's stock, valued at approximately $2,047,000.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FormFactor by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company's stock worth $1,303,000 after purchasing an additional 2,001 shares during the last quarter. Jones Financial Companies Lllp raised its position in FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company's stock valued at $150,000 after buying an additional 4,743 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in FormFactor by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company's stock valued at $13,873,000 after acquiring an additional 53,310 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in FormFactor by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company's stock worth $4,922,000 after acquiring an additional 9,394 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in FormFactor by 18.1% during the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company's stock worth $1,514,000 after acquiring an additional 8,194 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Activity

In other FormFactor news, Director Thomas St. Dennis sold 2,800 shares of the 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kelley Steven-Waiss sold 2,100 shares of the firm's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the transaction, the director directly owned 24,426 shares of the company's stock, valued at approximately $2,347,338.60. The trade was 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 ninety days, insiders sold 20,902 shares of company stock worth $2,721,444. 0.79% of the stock is owned by company insiders.

FormFactor Trading Up 2.5%

NASDAQ:FORM opened at $114.95 on Friday. The company has a market cap of $8.96 billion, a P/E ratio of 78.73 and a beta of 1.24. The stock's fifty day moving average price is $111.05 and its two-hundred day moving average price is $117.87. FormFactor, Inc. has a 1 year low of $30.09 and a 1 year high of $160.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34.

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 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 during the quarter, compared to analysts' expectations of $240.00 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm's quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, analysts expect that FormFactor, Inc. will post 2.7 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TD Cowen lowered their target price on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating for the company in a 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. Wall Street Zen lowered shares of FormFactor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Cantor Fitzgerald reissued an "overweight" rating on shares of FormFactor in a research report on Monday, July 27th. Finally, B. Riley Financial upgraded FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 target price on the stock in a research note on Thursday, June 11th. One 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, FormFactor has a consensus rating of "Moderate Buy" and a consensus price target of $127.45.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company's product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.

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