Northwestern Mutual Wealth Management Co. Acquires 408,358 Shares of FormFactor, Inc. $FORM

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 583,368.6% during the second quarter, Holdings Channel.com reports. The firm owned 408,428 shares of the semiconductor company’s stock after acquiring an additional 408,358 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in FormFactor were worth $65,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keating Financial Advisory Services Inc. bought a new position in FormFactor during the 2nd quarter worth $25,000. Los Angeles Capital Management LLC acquired a new position in FormFactor during the 4th quarter worth about $25,000. UMB Bank n.a. grew its position in shares of FormFactor by 128.9% in the 4th 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 last quarter. Persistent Asset Partners Ltd bought a new stake in shares of FormFactor in the 2nd quarter valued at about $43,000. Finally, USA Financial Formulas acquired a new stake in shares of FormFactor in the first quarter valued at about $46,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Evercore set a $150.00 price objective on FormFactor in a research report on Thursday, July 30th. Craig Hallum raised shares of 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. Wall Street Zen lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Finally, B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective 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 given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.45.

FormFactor Trading Down 5.2%

NASDAQ FORM opened at $95.41 on Wednesday. The stock has a market capitalization of $7.44 billion, a P/E ratio of 65.35 and a beta of 1.24. The business has a 50 day simple moving average of $116.39 and a 200 day simple moving average of $117.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. FormFactor, Inc. has a one year low of $27.81 and a one year high of $160.27.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.21. The firm 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 company’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Research analysts expect that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In related news, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the transaction, the director owned 29,073 shares in the company, valued at $4,404,268.77. The trade was a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Slessor sold 16,002 shares of the business’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 transaction, the chief executive officer owned 484,204 shares in the company, 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. Insiders sold a total of 30,692 shares of company stock valued at $3,962,485 in the last quarter. 0.79% of the stock is currently owned by company insiders.

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.