Primecap Management Co. CA Takes $270.30 Million Position in FormFactor, Inc. $FORM

Primecap Management Co. CA purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,690,114 shares of the semiconductor company’s stock, valued at approximately $270,300,000. Primecap Management Co. CA owned 2.17% of FormFactor as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new stake in FormFactor during the 2nd quarter valued at approximately $25,000. Los Angeles Capital Management LLC purchased a new position in shares of FormFactor in the 4th quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in shares of FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the last quarter. Torren Management LLC acquired a new position in shares of FormFactor in the fourth quarter valued at approximately $41,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of FormFactor in the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Dennis Thomas St sold 2,800 shares of FormFactor stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $130.95, for a total value of $2,095,461.90. Following the transaction, the chief executive officer directly owned 484,204 shares of the company’s stock, valued at $63,406,513.80. This trade represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,020 shares of company stock worth $4,756,017 over the last ninety days. 0.79% of the stock is owned by insiders.

FormFactor Trading Down 0.2%

NASDAQ FORM opened at $107.72 on Wednesday. FormFactor, Inc. has a one year low of $27.81 and a one year high of $160.27. The company’s 50 day moving average price is $120.84 and its 200 day moving average price is $116.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 73.78 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results 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 firm had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same period in the previous year, the company posted $0.27 EPS. FormFactor’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, sell-side analysts predict that FormFactor, Inc. will post 2.7 EPS for the current year.

Wall Street Analyst Weigh In

FORM has been the topic of a number of analyst reports. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. 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 report on Thursday, June 11th. TD Cowen decreased their target price on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Finally, Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a research note on Thursday, April 30th. One investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.45.

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.