Northwestern Mutual Wealth Management Co. Takes $65.32 Million Position in FormFactor, Inc. $FORM

Northwestern Mutual Wealth Management Co. purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 408,428 shares of the semiconductor company’s stock, valued at approximately $65,320,000.

Other institutional investors have also made changes to their positions in the company. UBS Group AG grew its holdings in shares of FormFactor by 38.8% during the 4th quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock worth $15,808,000 after purchasing an additional 79,240 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of FormFactor by 206.4% in the fourth quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock worth $24,323,000 after purchasing an additional 293,746 shares during the period. Hanseatic Management Services Inc. acquired a new position in FormFactor in the first quarter valued at about $1,334,000. Jackson Creek Investment Advisors LLC acquired a new position in FormFactor in the fourth quarter valued at about $1,704,000. Finally, WINTON GROUP Ltd bought a new stake in FormFactor during the fourth quarter worth about $610,000. 98.76% of the stock is currently owned by institutional investors.

Key FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks Research significantly raised its earnings forecasts and maintained a “Strong-Buy” rating. The firm lifted its estimates for Q3 2026 EPS to $0.78 from $0.48, Q4 2026 to $0.70 from $0.53, and full-year 2026 to $2.68 from $1.99. It also raised FY2027 EPS to $3.11 from $2.19 and FY2028 EPS to $3.39 from $2.47. The revisions imply expectations for accelerating profitability over the next several years.
• Positive Sentiment: Zacks also increased estimates for multiple future quarters, including Q1 2027 EPS to $0.70 from $0.47, Q2 2027 to $0.75 from $0.58, Q3 2027 to $0.85 from $0.56, Q4 2027 to $0.81 from $0.57, Q1 2028 to $0.80 from $0.60, and Q2 2028 to $0.82 from $0.64. The broad-based upgrades suggest improved confidence in FormFactor’s earnings trajectory.
• Positive Sentiment: FormFactor is gaining attention as semiconductor testing demand expands, a potential tailwind for its probe-card and test-related products as chipmakers increase capacity and address more complex devices. FormFactor Gains Attention As Semiconductor Testing Demand Expands
• Neutral Sentiment: The current-year consensus EPS estimate is $2.70, close to Zacks’ revised $2.68 forecast. Investors may therefore focus on whether upcoming results and guidance validate the more optimistic longer-term projections.
• Negative Sentiment: FormFactor trades at a high valuation, with a reported P/E ratio of approximately 78, while its shares remain below the 50-day moving average. Even with improving estimates, elevated valuation and recent technical weakness could limit near-term upside or encourage profit-taking.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FORM shares. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research note on Thursday, April 30th. Citigroup boosted their target price on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a report on Tuesday, May 12th. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday, June 11th. Finally, 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 research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.45.

Insider Transactions at FormFactor

In other news, Director Dennis Thomas St sold 2,800 shares of the company’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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director owned 5,375 shares of the company’s stock, valued at $674,025. The trade was a 54.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 37,020 shares of company stock worth $4,756,017. Corporate insiders own 0.79% of the company’s stock.

FormFactor Trading Down 1.3%

Shares of FormFactor stock opened at $114.16 on Friday. The firm has a market capitalization of $8.90 billion, a PE ratio of 78.19 and a beta of 1.25. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $122.39 and its 200 day moving average is $116.16. FormFactor, Inc. has a 1 year low of $27.81 and a 1 year high of $160.27.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The business had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities research analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal 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.