EHP Funds Inc. Purchases Shares of 5,576 FormFactor, Inc. $FORM

EHP Funds Inc. acquired a new position in FormFactor, Inc. (NASDAQ:FORM) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,576 shares of the semiconductor company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also modified their holdings of FORM. Westfield Capital Management Co. LP acquired a new position in shares of FormFactor in the 3rd quarter valued at about $37,391,000. Shannon River Fund Management LLC purchased a new position in FormFactor in the third quarter valued at approximately $35,260,000. Reinhart Partners LLC. raised its holdings in FormFactor by 26.3% in the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after buying an additional 500,156 shares during the period. Channing Capital Management LLC acquired a new position in FormFactor during the third quarter valued at approximately $16,909,000. Finally, Bessemer Group Inc. lifted its position in FormFactor by 65.6% during the third quarter. Bessemer Group Inc. now owns 714,081 shares of the semiconductor company’s stock valued at $26,008,000 after buying an additional 282,760 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kelley Steven-Waiss sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $93.70, for a total transaction of $206,140.00. Following the completion of the sale, the director directly owned 30,579 shares in the company, valued at $2,865,252.30. This trade represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of FormFactor stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $90.42, for a total value of $313,034.04. Following the sale, the chief financial officer directly owned 11,140 shares in the company, valued at approximately $1,007,278.80. The trade was a 23.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 103,324 shares of company stock worth $8,035,286 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

FormFactor Stock Up 1.7%

Shares of NASDAQ:FORM opened at $89.92 on Friday. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 130.32 and a beta of 1.03. The company has a 50 day moving average of $83.99 and a two-hundred day moving average of $58.91. FormFactor, Inc. has a 52-week low of $22.58 and a 52-week high of $107.04. The company has a quick ratio of 3.60, a current ratio of 4.50 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The business had revenue of $215.16 million for the quarter, compared to analysts’ expectations of $210.29 million. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. As a group, analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FORM shares. Loop Capital set a $64.00 price objective on shares of FormFactor in a research report on Tuesday, January 27th. Cantor Fitzgerald lifted their target price on shares of FormFactor from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. TD Cowen upped their price target on shares of FormFactor from $50.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. Itau BBA Securities upgraded FormFactor to an “outperform” rating in a report on Tuesday, January 27th. Finally, Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.91.

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.