WT Asset Management Ltd Acquires New Stake in FormFactor, Inc. $FORM

WT Asset Management Ltd acquired a new stake in FormFactor, Inc. (NASDAQ:FORM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 534,492 shares of the semiconductor company’s stock, valued at approximately $85,481,000. FormFactor accounts for 1.7% of WT Asset Management Ltd’s investment portfolio, making the stock its 16th largest position. WT Asset Management Ltd owned about 0.69% of FormFactor at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new stake in shares of FormFactor in the 4th quarter valued at about $25,000. UMB Bank n.a. raised 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 acquiring an additional 281 shares during the last quarter. Torren Management LLC bought a new position in shares of FormFactor during the fourth quarter worth about $41,000. Persistent Asset Partners Ltd acquired a new position in shares of FormFactor in the second quarter worth approximately $43,000. Finally, USA Financial Formulas acquired a new position in shares of FormFactor in the first quarter worth approximately $46,000. 98.76% of the stock is owned by institutional investors.

FormFactor Price Performance

Shares of FORM opened at $138.16 on Tuesday. The firm has a market cap of $10.77 billion, a PE ratio of 94.63 and a beta of 1.25. FormFactor, Inc. has a 52-week low of $27.00 and a 52-week high of $160.27. The business’s 50 day moving average price is $123.12 and its two-hundred day moving average price is $115.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The company had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. During the same quarter last year, the firm posted $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. On average, equities analysts anticipate that FormFactor, Inc. will post 2.7 EPS for the current year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 16,002 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 484,204 shares in the company, valued at approximately $63,406,513.80. This represents a 3.20% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction dated 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 $4,404,268.77. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 44,098 shares of company stock valued at $5,649,644. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FORM. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. TD Cowen dropped their price target on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Tuesday, May 12th. Northland Securities set a $118.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $127.45.

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.