Summit Global Investments Makes New $588,000 Investment in FormFactor, Inc. $FORM

Summit Global Investments purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,063 shares of the semiconductor company’s stock, valued at approximately $588,000.

A number of other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in FormFactor during the fourth quarter worth approximately $25,000. UMB Bank n.a. raised its holdings in 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 acquiring an additional 281 shares during the last quarter. Torren Management LLC acquired a new position in FormFactor in the 4th quarter valued at $41,000. Kestra Advisory Services LLC purchased a new position in shares of FormFactor during the 4th quarter worth $53,000. Finally, Clearstead Advisors LLC lifted its stake in shares of FormFactor by 58.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 389 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the completion of the sale, the director directly owned 7,875 shares in the company, valued at $995,951.25. The trade was a 32.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the business’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 of the company’s stock, valued at approximately $674,025. This represents a 54.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 38,534 shares of company stock worth $4,864,118. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. 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. Evercore upgraded shares of 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, June 5th. Stifel Nicolaus set a $135.00 target price on shares of FormFactor in a research report on Thursday, April 30th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, May 12th. Finally, Northland Securities set a $118.00 price target on shares of FormFactor in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.45.

FormFactor Price Performance

FORM stock opened at $113.39 on Thursday. The stock has a 50-day moving average price of $127.51 and a two-hundred day moving average price of $109.97. FormFactor, Inc. has a 12-month low of $26.08 and a 12-month high of $160.27. 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 company has a market cap of $8.84 billion, a PE ratio of 130.33 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The company’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, research analysts predict that FormFactor, Inc. will post 2.03 EPS 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.