Edgestream Partners L.P. Makes New Investment in FormFactor, Inc. $FORM

Edgestream Partners L.P. bought a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 45,884 shares of the semiconductor company’s stock, valued at approximately $4,450,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS Group AG lifted its stake in shares of FormFactor by 38.8% during the 4th quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock worth $15,808,000 after purchasing an additional 79,240 shares during the last quarter. Fisher Asset Management LLC boosted its position in FormFactor by 206.4% during the fourth quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock valued at $24,323,000 after purchasing an additional 293,746 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in FormFactor in the fourth quarter valued at about $1,704,000. Hanseatic Management Services Inc. purchased a new position in FormFactor in the first quarter valued at about $1,334,000. Finally, WINTON GROUP Ltd purchased a new position in FormFactor in the fourth quarter valued at about $610,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

More FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: FormFactor reported second-quarter EPS of $0.82, well above the $0.61 consensus estimate, while revenue rose 31.9% year over year to $258.24 million, exceeding expectations of $240 million. FormFactor’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Management projected third-quarter EPS of $0.77–$0.95 and revenue of $260 million–$280 million, both above analyst consensus. The outlook reflects continued strength in high-bandwidth memory and AI-related demand, plus a systems recovery. FormFactor Q2 Earnings Call Highlights
• Positive Sentiment: The company cited record profitability, accelerating AI and high-performance-computing demand, capacity expansion, and a planned Farmers Branch facility ramp beginning in the fourth quarter. These developments could support longer-term growth if demand persists. FormFactor Q3 Forecast and Farmers Branch Ramp
• Neutral Sentiment: Recent commentary views the earnings improvement as encouraging but suggests future upside depends on execution, continued semiconductor investment, and the timing of longer-term opportunities such as co-packaged optics. FormFactor Q2 Review
• Negative Sentiment: TD Cowen lowered its price target from $150 to $100 and maintained a Hold rating, signaling limited near-term upside at the current valuation. Needham also maintained a Hold rating, citing strong near-term performance but a back-end-loaded growth outlook. FormFactor Rated Hold
• Negative Sentiment: A comparative Zacks analysis favored Aehr Test Systems over FormFactor for long-term growth, citing Aehr’s record bookings, AI-related backlog, and expanding burn-in portfolio. FORM vs. AEHR

Analyst Upgrades and Downgrades

Several analysts have commented on FORM shares. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Thursday, June 11th. Wall Street Zen raised shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings lowered shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Zacks Research lowered shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and five 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 price target of $127.45.

Insider Buying and Selling at FormFactor

In other news, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian C. White sold 3,250 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total transaction of $409,500.00. Following the completion of the transaction, the director directly owned 8,653 shares of the company’s stock, valued at $1,090,278. The trade was a 27.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 38,534 shares of company stock valued at $4,864,118. Insiders own 0.79% of the company’s stock.

FormFactor Stock Up 0.8%

Shares of FORM stock opened at $106.20 on Friday. The stock’s fifty day moving average price is $124.07 and its 200 day moving average price is $111.42. FormFactor, Inc. has a 1-year low of $26.08 and a 1-year high of $160.27. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 72.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.69.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts expect that FormFactor, Inc. will post 2.03 earnings per share for the current fiscal year.

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.