Concurrent Investment Advisors LLC Takes Position in FormFactor, Inc. $FORM

Concurrent Investment Advisors LLC bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, HoldingsChannel reports. The fund bought 24,505 shares of the semiconductor company’s stock, valued at approximately $3,919,000.

A number of other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 raised its position in FormFactor by 870.3% in the first 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 during the period. Goldman Sachs Group Inc. boosted its stake 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $4,922,000 after acquiring an additional 9,394 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of FormFactor by 18.1% during the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after acquiring an additional 8,194 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FORM shares. Evercore set a $150.00 price target on shares of FormFactor in a research note on Thursday, July 30th. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Tuesday, May 12th. Finally, B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.45.

Insider Activity at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the transaction, the director owned 24,426 shares in the company, valued at $2,347,338.60. This trade represents a 7.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of FormFactor 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 transaction, 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 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. In the last three months, insiders have sold 32,792 shares of company stock worth $4,164,295. 0.79% of the stock is owned by company insiders.

FormFactor Price Performance

FormFactor stock opened at $103.90 on Tuesday. The firm has a 50 day simple moving average of $113.12 and a 200 day simple moving average of $117.50. 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 $29.01 and a 1-year high of $160.27. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 71.16 and a beta of 1.24.

FormFactor (NASDAQ:FORM) last posted 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 firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s quarterly revenue 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, analysts predict that FormFactor, Inc. will post 2.7 earnings per share for the current 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.