Man Group plc Makes New Investment in FormFactor, Inc. $FORM

Man Group plc bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 125,828 shares of the semiconductor company’s stock, valued at approximately $20,124,000.

A number of other hedge funds have also modified their holdings of FORM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 buying an additional 2,001 shares in the last quarter. Jones Financial Companies Lllp grew its stake in FormFactor by 870.3% during the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in FormFactor by 12.2% in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in FormFactor by 5.7% in 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 purchasing an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in FormFactor by 18.1% in the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after purchasing an additional 8,194 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FORM. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a 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 for the company in a research note on Thursday, June 11th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Tuesday, May 12th. Finally, Northland Securities set a $118.00 price target on shares of FormFactor in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.45.

Insider Transactions at FormFactor

In other news, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the transaction, the director directly owned 5,375 shares in the company, valued at approximately $674,025. This represents a 54.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90. Following the sale, the chief executive officer directly owned 484,204 shares of the company’s stock, valued at $63,406,513.80. The trade was a 3.20% 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. In the last ninety days, insiders sold 37,020 shares of company stock worth $4,756,017. 0.79% of the stock is currently owned by company insiders.

FormFactor Trading Up 0.4%

FORM opened at $108.10 on Thursday. FormFactor, Inc. has a one year low of $27.81 and a one year high of $160.27. The stock has a market capitalization of $8.43 billion, a PE ratio of 74.04 and a beta of 1.25. The business’s 50 day moving average price is $120.21 and its 200 day moving average price is $117.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (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 company had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. During the same quarter last year, the firm 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, equities research analysts expect that FormFactor, Inc. will post 2.7 EPS for the current year.

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.