Mitsubishi UFJ Asset Management Co. Ltd. Takes $1.46 Million Position in FormFactor, Inc. $FORM

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, Holdings Channel reports. The firm acquired 9,123 shares of the semiconductor company’s stock, valued at approximately $1,459,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its stake in FormFactor by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock valued at $419,000 after purchasing an additional 157 shares during the last quarter. Blue Trust Inc. increased its position in FormFactor by 1.9% during the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after buying an additional 196 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in FormFactor in the second quarter valued at approximately $43,000. UMB Bank n.a. raised its stake in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in shares of FormFactor by 2.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock valued at $635,000 after buying an additional 299 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

FormFactor Trading Down 1.3%

Shares of NASDAQ:FORM opened at $114.16 on Friday. FormFactor, Inc. has a 12-month low of $27.81 and a 12-month high of $160.27. The business has a 50 day moving average of $122.39 and a 200-day moving average of $116.16. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.90 billion, a PE ratio of 78.19 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The company had revenue of $258.24 million for 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 firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities research analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Citigroup raised their price target on FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Thursday, June 11th. TD Cowen decreased their price objective on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. One investment 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 data from MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and a consensus target price of $127.45.

Insiders Place Their Bets

In related news, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the transaction, the director directly owned 29,073 shares in the company, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the transaction, the director owned 5,375 shares in the company, valued at $674,025. This trade represents a 54.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,020 shares of company stock worth $4,756,017 in the last 90 days. Company insiders own 0.79% of the company’s stock.

FormFactor Company 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.