The Manufacturers Life Insurance Company Purchases New Position in FormFactor, Inc. $FORM

The Manufacturers Life Insurance Company acquired a new position in FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 25,685 shares of the semiconductor company’s stock, valued at approximately $4,108,000.

A number of other hedge funds have also bought and sold shares of FORM. BlackRock Inc. purchased a new position in shares of FormFactor in the second quarter valued at $1,676,772,000. Andar Capital Management HK Ltd purchased a new stake in FormFactor during the 2nd quarter worth about $27,000,000. Bank of America Corp DE lifted its holdings in FormFactor by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after purchasing an additional 108,487 shares in the last quarter. Alliancebernstein L.P. boosted its stake in FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after purchasing an additional 73,644 shares during the period. Finally, Morgan Stanley boosted its stake in FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after purchasing an additional 1,127,146 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction on 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 sale, the director owned 29,073 shares of the company’s stock, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their position. The sale 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 company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction 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. This trade represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 30,692 shares of company stock valued at $3,962,485. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. Evercore set a $150.00 target price on shares of FormFactor in a report on Thursday, July 30th. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $95.41 on Wednesday. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 65.35 and a beta of 1.24. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1-year low of $27.81 and a 1-year high of $160.27. The stock’s 50-day moving average is $116.39 and its 200 day moving average is $117.37.

FormFactor (NASDAQ:FORM) last issued its 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. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The business had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. 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 anticipate that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

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.