Oppenheimer Asset Management Inc. Takes $5.01 Million Position in FormFactor, Inc. $FORM

Oppenheimer Asset Management Inc. purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 31,330 shares of the semiconductor company’s stock, valued at approximately $5,011,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in FormFactor by 5,596.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock valued at $70,090,000 after acquiring an additional 1,234,488 shares during the last quarter. Morgan Stanley raised its position in shares of FormFactor by 98.5% during the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after acquiring an additional 1,127,146 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of FormFactor during the 4th quarter valued at $60,495,000. Norges Bank acquired a new position in shares of FormFactor in the 4th quarter valued at $31,451,000. Finally, Channing Capital Management LLC lifted its stake in shares of FormFactor by 115.5% in the 4th quarter. Channing Capital Management LLC now owns 1,000,729 shares of the semiconductor company’s stock valued at $55,821,000 after purchasing an additional 536,448 shares during the period. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 11,890 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total value of $1,442,851.50. Following the completion of the transaction, the chief executive officer directly owned 435,147 shares in the company, valued at approximately $52,805,088.45. The trade was a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was 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 of the company’s stock, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,096 shares of company stock worth $3,670,022 over the last three months. Company insiders own 0.79% of the company’s stock.

FormFactor Price Performance

Shares of FORM stock opened at $131.60 on Friday. 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, Inc. has a 12-month low of $27.00 and a 12-month high of $160.27. The firm has a fifty day moving average of $122.84 and a 200-day moving average of $114.46. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 90.14 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping 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 business had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s 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. On average, equities research analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FORM shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. Evercore set a $150.00 target price on FormFactor in a research note on Thursday, July 30th. TD Cowen reduced their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus set a $135.00 target price on FormFactor in a report on Thursday, April 30th. Finally, Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.45.

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.