Sanctuary Advisors LLC Makes New Investment in FormFactor, Inc. $FORM

Sanctuary Advisors LLC purchased a new position in FormFactor, Inc. (NASDAQ:FORM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,007 shares of the semiconductor company’s stock, valued at approximately $2,240,000.

A number of other institutional investors also recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new position in FormFactor during the second quarter worth $25,000. Los Angeles Capital Management LLC bought a new stake in FormFactor during the fourth quarter valued at $25,000. UMB Bank n.a. grew its holdings in FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Torren Management LLC acquired a new stake in FormFactor during the 4th quarter worth about $41,000. Finally, Persistent Asset Partners Ltd bought a new position in shares of FormFactor in the 2nd quarter worth about $43,000. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FormFactor 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 transaction, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of the firm’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 completion of the transaction, the chief executive officer directly owned 484,204 shares in the company, valued at $63,406,513.80. This trade represents a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 37,020 shares of company stock worth $4,756,017 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FORM. Northland Securities set a $118.00 target price on FormFactor in a research report on Thursday, April 30th. Stifel Nicolaus set a $135.00 target price on FormFactor in a report on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. TD Cowen cut their price target on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Finally, Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Stock Performance

Shares of FORM opened at $108.10 on Thursday. FormFactor, Inc. has a one year low of $27.81 and a one year high of $160.27. The company has a market cap of $8.43 billion, a PE ratio of 74.04 and a beta of 1.25. The stock has a 50-day moving average of $120.21 and a 200-day moving average of $117.14. 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 (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The business had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities research analysts predict that FormFactor, Inc. will post 2.7 EPS 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.