Pinnacle Associates Ltd. Sells 16,419 Shares of FormFactor, Inc. $FORM

Pinnacle Associates Ltd. trimmed its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,778 shares of the semiconductor company’s stock after selling 16,419 shares during the quarter. Pinnacle Associates Ltd.’s holdings in FormFactor were worth $13,375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D boosted its position in shares of FormFactor by 24.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 76,376 shares of the semiconductor company’s stock valued at $2,782,000 after acquiring an additional 15,186 shares during the last quarter. SG Americas Securities LLC purchased a new stake in FormFactor in the third quarter valued at approximately $508,000. Reinhart Partners LLC. lifted its position in FormFactor by 26.3% during the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after purchasing an additional 500,156 shares during the last quarter. Shannon River Fund Management LLC purchased a new position in FormFactor in the 3rd quarter worth approximately $35,260,000. Finally, ProShare Advisors LLC grew its stake in FormFactor by 68.8% in the 3rd quarter. ProShare Advisors LLC now owns 29,336 shares of the semiconductor company’s stock worth $1,068,000 after buying an additional 11,956 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Stock Down 1.0%

Shares of NASDAQ:FORM opened at $127.99 on Friday. The stock has a market capitalization of $9.98 billion, a P/E ratio of 147.12 and a beta of 1.32. The stock’s 50-day moving average price is $116.47 and its 200-day moving average price is $84.68. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $26.08 and a 12-month high of $159.09.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. The company had revenue of $226.14 million during the quarter, compared to analysts’ expectations of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.FormFactor’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities analysts anticipate that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Brian C. White sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $100.01, for a total transaction of $230,023.00. Following the completion of the transaction, the director owned 10,556 shares of the company’s stock, valued at $1,055,705.56. This represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 11,294 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $127.72, for a total transaction of $1,442,469.68. Following the completion of the sale, the chief executive officer directly owned 449,565 shares of the company’s stock, valued at approximately $57,418,441.80. This represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 45,385 shares of company stock worth $4,968,350. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on FORM shares. Freedom Capital upgraded shares of FormFactor to a “hold” rating in a research report on Tuesday, January 27th. Wall Street Zen raised FormFactor from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Citigroup raised their price target on FormFactor to $165.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore set a $155.00 price target on FormFactor in a research note on Thursday, April 30th. Finally, TD Cowen upped their price objective on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $132.45.

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.