Lisanti Capital Growth LLC Makes New Investment in FormFactor, Inc. $FORM

Lisanti Capital Growth LLC purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) during the second quarter, Holdings Channel reports. The institutional investor purchased 41,430 shares of the semiconductor company’s stock, valued at approximately $6,626,000. FormFactor accounts for approximately 1.5% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 period. Jones Financial Companies Lllp raised its holdings in FormFactor by 870.3% in the first 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 first 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 lifted its stake in FormFactor by 5.7% in the first 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 acquiring an additional 9,394 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in FormFactor by 18.1% in the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after acquiring an additional 8,194 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on FORM shares. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Evercore set a $150.00 price objective on shares of FormFactor in a research report on Thursday, July 30th. Citigroup boosted their target price on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and an average price target of $127.45.

Insiders Place Their Bets

In other news, Director Dennis Thomas St sold 2,800 shares of FormFactor stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the sale, the director owned 29,073 shares in the company, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 16,002 shares of the business’s stock in a transaction dated 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 completion of 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 37,020 shares of company stock valued at $4,756,017. 0.79% of the stock is currently owned by insiders.

FormFactor Trading Down 7.6%

Shares of FormFactor stock opened at $114.95 on Thursday. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $123.18 and a 200-day simple moving average of $115.86. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 78.73 and a beta of 1.25. FormFactor, Inc. has a 12-month low of $27.00 and a 12-month high of $160.27.

FormFactor (NASDAQ:FORM) last announced 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 net margin of 12.80% and a return on equity of 13.44%. The firm had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same period last year, the business earned $0.27 EPS. FormFactor’s revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities analysts forecast that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

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.