Needham Investment Management LLC Sells 45,500 Shares of FormFactor, Inc. $FORM

Needham Investment Management LLC lessened its position in FormFactor, Inc. (NASDAQ:FORM) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 694,500 shares of the semiconductor company’s stock after selling 45,500 shares during the quarter. FormFactor comprises about 2.4% of Needham Investment Management LLC’s investment portfolio, making the stock its 8th biggest position. Needham Investment Management LLC’s holdings in FormFactor were worth $38,739,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 acquiring an additional 2,001 shares during the period. Jones Financial Companies Lllp boosted its stake in FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. grew its position 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of FormFactor by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock worth $4,922,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in 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 purchasing an additional 8,194 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Trading Up 9.6%

NASDAQ FORM opened at $152.60 on Tuesday. The stock’s 50-day moving average is $130.56 and its 200-day moving average is $96.38. FormFactor, Inc. has a one year low of $26.08 and a one year high of $159.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. The firm has a market cap of $11.90 billion, a P/E ratio of 175.40 and a beta of 1.26.

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

Insider Transactions at FormFactor

In other news, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the sale, the director owned 5,375 shares in the company, valued at $674,025. This represents a 54.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of FormFactor stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.47, for a total value of $484,127.16. Following the transaction, the director owned 7,875 shares of the company’s stock, valued at $995,951.25. This represents a 32.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 57,255 shares of company stock valued at $6,855,514. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus set a $135.00 target price on shares of FormFactor in a research note on Thursday, April 30th. Northland Securities set a $118.00 price target on shares of FormFactor in a research note on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 price target on shares of FormFactor in a research note on Monday, April 27th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Evercore upgraded FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price on the stock in a report on Friday, June 5th. One investment 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 company’s stock. Based on data from MarketBeat, FormFactor presently has an average rating of “Moderate Buy” and an average price target of $132.45.

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.