Peregrine Capital Management LLC Sells 50,494 Shares of FormFactor, Inc. $FORM

Peregrine Capital Management LLC lessened its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 27.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 131,096 shares of the semiconductor company’s stock after selling 50,494 shares during the quarter. Peregrine Capital Management LLC’s holdings in FormFactor were worth $12,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of FormFactor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after purchasing an additional 2,001 shares during the period. Jones Financial Companies Lllp raised its holdings in FormFactor by 870.3% during the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after buying an additional 4,743 shares during the period. Goldman Sachs Group Inc. lifted its stake in FormFactor by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after buying an additional 53,310 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in FormFactor by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after buying an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of FormFactor by 18.1% in the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after buying an additional 8,194 shares during the period. 98.76% of the stock is currently owned by institutional investors.

FormFactor Price Performance

NASDAQ:FORM opened at $159.93 on Wednesday. FormFactor, Inc. has a 52-week low of $26.08 and a 52-week high of $160.27. The company has a market cap of $12.47 billion, a P/E ratio of 183.83 and a beta of 1.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The stock’s 50-day simple moving average is $136.10 and its 200 day simple moving average is $103.30.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. The firm had revenue of $226.14 million during the quarter, compared to analysts’ expectations of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The business’s quarterly 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 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, sell-side analysts forecast that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on FORM. Citigroup raised their price objective on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $135.00 target price on FormFactor in a report on Thursday, April 30th. Northland Securities set a $118.00 price target on FormFactor in a report on Thursday, April 30th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.45.

Insider Buying and Selling

In related news, Director Brian C. White sold 3,250 shares of the firm’s stock in a transaction 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 directly owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 11,890 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the sale, the chief executive officer directly owned 435,147 shares in the company, valued at $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 49,828 shares of company stock worth $6,306,587 in the last quarter. 0.79% of the stock is owned by company insiders.

FormFactor Company 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.