FormFactor, Inc. $FORM Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its stake in FormFactor, Inc. (NASDAQ:FORM) by 33.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,042 shares of the semiconductor company’s stock after selling 9,429 shares during the quarter. State of Alaska Department of Revenue’s holdings in FormFactor were worth $2,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. purchased a new position in FormFactor during the second quarter valued at approximately $25,000. Persistent Asset Partners Ltd acquired a new position in FormFactor in the second quarter valued at approximately $43,000. Mather Group LLC. acquired a new position in FormFactor in the third quarter valued at approximately $44,000. USA Financial Formulas acquired a new position in FormFactor in the first quarter valued at approximately $46,000. Finally, Allworth Financial LP acquired a new position in FormFactor in the second quarter valued at approximately $72,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 17,510 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $104.73, for a total value of $1,833,822.30. Following the sale, the chief executive officer directly owned 466,694 shares of the company’s stock, valued at approximately $48,876,862.62. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the sale, the director owned 24,426 shares of the company’s stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 46,710 shares of company stock worth $5,520,564 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on FORM. Weiss Ratings lowered FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Zacks Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Stifel Nicolaus set a $115.00 target price on shares of FormFactor in a report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a research note on Tuesday, September 22nd. Finally, Wall Street Zen cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, FormFactor currently has an average rating of “Moderate Buy” and a consensus target price of $131.83.

FormFactor Trading Down 7.3%

FORM stock opened at $105.01 on Friday. The company’s 50-day simple moving average is $120.16 and its 200-day simple moving average is $123.51. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $40.60 and a 52-week high of $160.27. The firm has a market cap of $8.19 billion, a P/E ratio of 71.92 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. The firm had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $240.00 million. During the same period last year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities analysts forecast that FormFactor, Inc. will post 2.70 EPS for the current fiscal year.

About FormFactor

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company’s offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.