Shannon River Fund Management LLC Makes New Investment in FormFactor, Inc. $FORM

Shannon River Fund Management LLC purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 968,161 shares of the semiconductor company’s stock, valued at approximately $35,260,000. FormFactor makes up about 5.7% of Shannon River Fund Management LLC’s investment portfolio, making the stock its 9th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FormFactor by 4.5% during 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 during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of FormFactor by 870.3% during the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 valued at $4,922,000 after acquiring an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings 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 during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Trading Up 0.9%

Shares of FormFactor stock opened at $91.82 on Thursday. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $107.04. The company’s fifty day simple moving average is $82.72 and its 200-day simple moving average is $58.28. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 133.07 and a beta of 1.03. The company has a current ratio of 4.50, a quick ratio of 3.60 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.35 by $0.11. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The firm had revenue of $215.16 million during the quarter, compared to analysts’ expectations of $210.29 million. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. As a group, sell-side analysts expect that FormFactor, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on FORM. Itau BBA Securities upgraded FormFactor to an “outperform” rating in a report on Tuesday, January 27th. Cantor Fitzgerald upped their price objective on shares of FormFactor from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Citigroup lifted their target price on shares of FormFactor from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, B. Riley Financial reissued a “buy” rating on shares of FormFactor in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.91.

Insider Buying and Selling at FormFactor

In related news, CFO Aric Brendan Mckinnis sold 3,462 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $90.42, for a total value of $313,034.04. Following the completion of the sale, the chief financial officer owned 11,140 shares in the company, valued at approximately $1,007,278.80. This trade represents a 23.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis Thomas St sold 7,431 shares of FormFactor stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $93.84, for a total value of $697,325.04. Following the sale, the director directly owned 31,526 shares in the company, valued at approximately $2,958,399.84. This trade represents a 19.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 103,324 shares of company stock valued at $8,035,286 in the last three months. Company insiders own 0.90% of the company’s stock.

About FormFactor

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.