Principal Financial Group Inc. Increases Position in FormFactor, Inc. $FORM

Principal Financial Group Inc. lifted its stake in FormFactor, Inc. (NASDAQ:FORM) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 378,495 shares of the semiconductor company’s stock after purchasing an additional 8,100 shares during the period. Principal Financial Group Inc.’s holdings in FormFactor were worth $36,710,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in shares of FormFactor by 1,158.7% during the 4th quarter. SG Americas Securities LLC now owns 175,432 shares of the semiconductor company’s stock valued at $9,786,000 after acquiring an additional 161,494 shares during the period. Fisher Asset Management LLC raised its holdings in FormFactor by 206.4% during 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 last quarter. UBS Group AG grew its holdings in FormFactor by 38.8% in the fourth quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock valued at $15,808,000 after purchasing an additional 79,240 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of FormFactor in the fourth quarter valued at $1,704,000. Finally, WINTON GROUP Ltd purchased a new position in shares of FormFactor in the fourth quarter valued at $610,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Down 1.4%

Shares of NASDAQ:FORM opened at $105.57 on Friday. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 52-week low of $26.08 and a 52-week high of $160.27. The stock’s fifty day simple moving average is $129.12 and its 200-day simple moving average is $108.46. The company has a market capitalization of $8.23 billion, a P/E ratio of 121.35 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last posted 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. 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 last year, the business posted $0.23 EPS. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities research analysts forecast that FormFactor, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on FORM. Stifel Nicolaus set a $135.00 price objective 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 research 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 target price for the company in a research report on Thursday, June 11th. Citigroup upped their price target on shares of FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, TD Cowen increased their price target on shares of FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and an average target price of $132.45.

Insider Activity at FormFactor

In other news, Director Brian C. White sold 3,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total value of $409,500.00. Following the completion of the transaction, the director owned 8,653 shares of the company’s stock, valued at $1,090,278. The trade was a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction that occurred 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 directly owned 29,073 shares in the company, valued at $4,404,268.77. The trade was a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,534 shares of company stock worth $4,864,118 over the last three months. Company insiders own 0.79% of the company’s stock.

FormFactor 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.