TimesSquare Capital Management LLC Invests $9.33 Million in FormFactor, Inc. $FORM

TimesSquare Capital Management LLC acquired a new stake in FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, Holdings Channel reports. The fund acquired 58,321 shares of the semiconductor company’s stock, valued at approximately $9,327,000.

Other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in FormFactor in the fourth quarter worth approximately $25,000. UMB Bank n.a. increased its position in shares of FormFactor by 128.9% during 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 period. Torren Management LLC acquired a new position in shares of FormFactor during the 4th quarter valued at $41,000. Persistent Asset Partners Ltd bought a new stake in shares of FormFactor in the 2nd quarter worth $43,000. Finally, USA Financial Formulas bought a new stake in shares of FormFactor in the 1st quarter worth $46,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Northland Securities set a $118.00 target price on FormFactor in a research note on Thursday, April 30th. TD Cowen dropped their price target 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. Evercore set a $150.00 price target on shares of FormFactor in a report on Thursday, July 30th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $138.16 on Tuesday. FormFactor, Inc. has a one year low of $27.00 and a one year high of $160.27. The stock has a fifty day moving average of $123.12 and a 200-day moving average of $115.20. The company has a market capitalization of $10.77 billion, a PE ratio of 94.63 and a beta of 1.25. 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 released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share 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 analyst estimates of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company’s revenue was up 31.9% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities analysts anticipate that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 16,002 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 484,204 shares in the company, valued at $63,406,513.80. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the completion of the transaction, the director directly owned 8,653 shares in the company, valued at $1,090,278. This represents a 27.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 44,098 shares of company stock valued at $5,649,644 over the last 90 days. 0.79% of the stock is owned by insiders.

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.