Fox Run Management L.L.C. Makes New $1.63 Million Investment in FormFactor, Inc. $FORM

Fox Run Management L.L.C. bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the 4th quarter, Holdings Channel.com reports. The firm bought 29,207 shares of the semiconductor company’s stock, valued at approximately $1,629,000.

Several other hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE increased its position in FormFactor by 4.0% during the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after buying an additional 108,487 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of FormFactor by 3.2% in the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after purchasing an additional 73,644 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FormFactor by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock valued at $105,208,000 after purchasing an additional 7,150 shares during the last quarter. Sei Investments Co. grew its position in shares of FormFactor by 3.5% in the third quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after purchasing an additional 55,101 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of FormFactor by 10.2% in the second quarter. Ameriprise Financial Inc. now owns 1,127,928 shares of the semiconductor company’s stock valued at $38,812,000 after purchasing an additional 104,513 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Performance

NASDAQ:FORM opened at $124.25 on Tuesday. FormFactor, Inc. has a 1 year low of $26.08 and a 1 year high of $159.09. The firm has a 50 day moving average of $127.19 and a 200-day moving average of $93.53. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $9.69 billion, a P/E ratio of 142.82 and a beta of 1.26.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The company had revenue of $226.14 million during the quarter, compared to analysts’ expectations of $225.54 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. FormFactor’s quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, sell-side analysts anticipate that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 11,294 shares of FormFactor stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $127.72, for a total value of $1,442,469.68. Following the completion of the transaction, the chief executive officer owned 449,565 shares in the company, valued at approximately $57,418,441.80. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 1,000 shares of FormFactor stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $115.84, for a total transaction of $115,840.00. Following the completion of the transaction, the director owned 31,873 shares of the company’s stock, valued at $3,692,168.32. This trade represents a 3.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,365 shares of company stock valued at $5,412,663 in the last ninety days. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FORM. Citigroup raised their price target on FormFactor to $165.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. TD Cowen lifted their price objective on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price objective on the stock in a report on Friday. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a report on Tuesday, May 12th. Finally, Stifel Nicolaus set a $135.00 price objective on FormFactor in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, FormFactor has a consensus rating of “Moderate Buy” and a consensus target price of $132.45.

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.