Summit Global Investments Takes $588,000 Position in FormFactor, Inc. $FORM

Summit Global Investments bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 6,063 shares of the semiconductor company’s stock, valued at approximately $588,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its holdings in FormFactor by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after acquiring an additional 157 shares during the period. Blue Trust Inc. raised its stake in shares of FormFactor by 1.9% during the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 196 shares during the period. UMB Bank n.a. lifted its position in shares of FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of FormFactor by 2.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock worth $635,000 after purchasing an additional 299 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of FormFactor by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after purchasing an additional 370 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research note on Tuesday, May 12th. Citigroup upped their price objective on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 target price on shares of FormFactor in a research note on Monday, April 27th. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price on the stock in a research report on Friday, June 5th. Finally, TD Cowen boosted their price target on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Stock Down 0.3%

Shares of NASDAQ:FORM opened at $113.39 on Thursday. The firm has a market cap of $8.84 billion, a PE ratio of 130.33 and a beta of 1.22. The company has a fifty day simple moving average of $127.51 and a 200 day simple moving average of $109.97. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $26.08 and a 12-month high of $160.27.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The firm had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm’s revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities research analysts anticipate that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director directly owned 5,375 shares in the company, valued at approximately $674,025. This trade represents a 54.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian C. White sold 3,250 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. This represents a 27.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 38,534 shares of company stock worth $4,864,118. Company insiders own 0.79% of the company’s stock.

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.