Healthcare of Ontario Pension Plan Trust Fund Sells 100,000 Shares of FormFactor, Inc. $FORM

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in FormFactor, Inc. (NASDAQ:FORM) by 58.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,055 shares of the semiconductor company’s stock after selling 100,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.09% of FormFactor worth $6,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FORM. Los Angeles Capital Management LLC bought a new stake in shares of FormFactor in the 4th quarter valued at $25,000. UMB Bank n.a. boosted its stake in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Torren Management LLC bought a new position in FormFactor during the fourth quarter worth $41,000. Kestra Advisory Services LLC acquired a new stake in FormFactor in the fourth quarter worth $53,000. Finally, Clearstead Advisors LLC grew its holdings in FormFactor by 58.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 389 shares during the period. 98.76% of the stock is currently owned by institutional investors.

FormFactor Stock Down 5.4%

FORM stock opened at $83.45 on Thursday. The firm has a market capitalization of $6.51 billion, a PE ratio of 95.92 and a beta of 1.22. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a twelve month low of $26.08 and a twelve month high of $160.27. The stock’s 50 day moving average is $124.97 and its 200-day moving average is $111.19.

FormFactor (NASDAQ:FORM) last announced its quarterly 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. The business had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.FormFactor’s revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts expect that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FORM. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Monday. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Tuesday, May 12th. Weiss Ratings lowered FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Finally, B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $132.45.

Insider Activity

In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. The trade was a 54.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $126.47, for a total transaction of $484,127.16. Following the completion of the sale, the director owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. The trade was a 32.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 38,534 shares of company stock worth $4,864,118. Company insiders own 0.79% of the company’s stock.

FormFactor News Summary

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: FormFactor reported record second-quarter revenue of $258.2 million, up 31.9% year over year and above the $240 million consensus estimate. Adjusted earnings were $0.82 per share, beating expectations of $0.61 and rising sharply from $0.27 a year earlier. FormFactor Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management issued better-than-expected third-quarter guidance: revenue of approximately $260 million to $280 million, compared with consensus of $246.2 million, and EPS of $0.77 to $0.95 versus expectations of $0.60. FormFactor Stock Surges on Better-Than-Expected Q2 Earnings
• Positive Sentiment: Demand was strong across DRAM, Foundry & Logic, and Systems. Gross margin expanded to 50.7% from 37.3% a year earlier, while operating cash flow reached $61.8 million and free cash flow was $52.6 million. FormFactor Reports 2026 Second Quarter Results
• Positive Sentiment: An expanded multiyear partnership with Keystone Microtech will increase support and testing capacity in Taiwan for AI, HBM, advanced packaging, and high-speed semiconductor applications. FormFactor and Keystone Microtech Strategic Partnership
• Negative Sentiment: FormFactor’s valuation remains demanding, with a reported price-to-earnings ratio near 96. After the strong earnings reaction, profit-taking or concerns that high growth is already priced in may be contributing to the subsequent decline.
• Negative Sentiment: Recent insider-trading data showed selling but no purchases among tracked insiders over the past six months, including substantial sales by senior executives. This may weigh on sentiment, although insider sales do not necessarily indicate deteriorating business fundamentals.

FormFactor 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.