Insider Selling: FormFactor (NASDAQ:FORM) Director Sells $201,810.00 in Stock

Key Points

• FormFactor director Kelley Steven-Waiss sold 2,100 shares for approximately $201,810, reducing his direct holdings by 7.92% to 24,426 shares.
• FormFactor shares rose 7.4% to $103.90, while the company recently reported quarterly EPS of $0.82 and revenue of $258.24 million, exceeding analyst estimates.
• Institutional investors own 98.76% of the stock, and analysts maintain a “Moderate Buy” consensus with an average price target of $127.45.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) Director Kelley Steven-Waiss sold 2,100 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the transaction, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

FormFactor Stock Up 7.4%

Shares of NASDAQ:FORM traded up $7.14 during midday trading on Friday, hitting $103.90. The stock had a trading volume of 1,099,346 shares, compared to its average volume of 1,635,495. The company has a market cap of $8.10 billion, a P/E ratio of 71.16 and a beta of 1.24. FormFactor, Inc. has a 12 month low of $29.01 and a 12 month high of $160.27. The business's 50-day simple moving average is $114.46 and its 200-day simple moving average is $117.39. 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 announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. The firm had revenue of $258.24 million during the quarter, compared to analysts' expectations of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The company's revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, sell-side analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FormFactor

Several institutional investors and hedge funds have recently made changes to their positions in FORM. California State Teachers Retirement System increased its stake in shares of FormFactor by 16,039.9% during the second quarter. California State Teachers Retirement System now owns 14,465,988 shares of the semiconductor company's stock worth $2,313,545,000 after purchasing an additional 14,376,359 shares during the period. BlackRock Inc. acquired a new position in FormFactor in the 2nd quarter valued at $1,676,772,000. Andar Capital Management HK Ltd acquired a new position in FormFactor in the 2nd quarter valued at $27,000,000. Bank of America Corp DE bought a new position in FormFactor during the 2nd quarter worth $285,257,000. Finally, Primecap Management Co. CA bought a new position in FormFactor during the 2nd quarter worth $270,300,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on FORM shares. Cantor Fitzgerald reissued an "overweight" rating on shares of FormFactor in a research report on Monday, July 27th. B. Riley Financial raised FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. Evercore set a $150.00 price target on FormFactor in a research note on Thursday, July 30th. Wall Street Zen downgraded FormFactor from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 9th. Finally, Craig Hallum raised shares of FormFactor from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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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