Westfield Capital Management Co. LP Buys New Position in FormFactor, Inc. $FORM

Westfield Capital Management Co. LP bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the third quarter, HoldingsChannel reports. The institutional investor bought 1,026,657 shares of the semiconductor company’s stock, valued at approximately $37,391,000.

Several other institutional investors and hedge funds have also modified their holdings of FORM. State of Wyoming grew its position in shares of FormFactor by 18.4% during the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 261 shares during the period. Arizona State Retirement System lifted its position in FormFactor by 1.5% during the third quarter. Arizona State Retirement System now owns 22,796 shares of the semiconductor company’s stock valued at $830,000 after purchasing an additional 335 shares in the last quarter. Amalgamated Bank grew its holdings in FormFactor by 1.9% during the third quarter. Amalgamated Bank now owns 22,420 shares of the semiconductor company’s stock valued at $817,000 after purchasing an additional 411 shares during the period. Assenagon Asset Management S.A. grew its holdings in FormFactor by 0.4% during the third quarter. Assenagon Asset Management S.A. now owns 116,154 shares of the semiconductor company’s stock valued at $4,230,000 after purchasing an additional 414 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of FormFactor by 84.4% in the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after buying an additional 453 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup boosted their price objective on FormFactor from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Stifel Nicolaus lifted their price target on shares of FormFactor from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Craig Hallum reiterated a “buy” rating and issued a $90.00 price target on shares of FormFactor in a research report on Thursday, February 5th. Itau BBA Securities upgraded shares of FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. Finally, Freedom Capital raised shares of FormFactor to a “hold” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.91.

FormFactor Trading Down 7.6%

Shares of FORM opened at $97.75 on Friday. The firm has a market cap of $7.62 billion, a P/E ratio of 141.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.60. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $107.04. The company has a 50 day simple moving average of $76.53 and a two-hundred day simple moving average of $54.14.

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

Insider Buying and Selling at FormFactor

In other news, Director Kevin J. Brewer sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.20, for a total transaction of $288,600.00. Following the completion of the transaction, the director owned 8,105 shares in the company, valued at $779,701. This trade represents a 27.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis Thomas St sold 7,431 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $93.84, for a total value of $697,325.04. Following the completion of the sale, the director owned 31,526 shares in the company, valued at $2,958,399.84. This represents a 19.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 102,562 shares of company stock worth $7,873,371. Insiders own 0.90% 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.