Sanctuary Advisors LLC Buys New Position in FormFactor, Inc. $FORM

Sanctuary Advisors LLC purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 14,007 shares of the semiconductor company’s stock, valued at approximately $2,240,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FORM. Keating Financial Advisory Services Inc. bought a new position in FormFactor during the 2nd quarter valued at $25,000. Los Angeles Capital Management LLC bought a new stake in shares of FormFactor in the 4th quarter worth $25,000. UMB Bank n.a. grew its stake in shares of FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Torren Management LLC purchased a new stake in shares of FormFactor in the fourth quarter valued at about $41,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of FormFactor in the second quarter valued at about $43,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Dennis Thomas St sold 2,800 shares of FormFactor stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the sale, the director owned 29,073 shares of the company’s stock, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director owned 5,375 shares in the company, valued at approximately $674,025. The trade was a 54.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 37,020 shares of company stock valued at $4,756,017. 0.79% of the stock is owned by company insiders.

FormFactor Price Performance

FORM opened at $108.10 on Thursday. FormFactor, Inc. has a fifty-two week low of $27.81 and a fifty-two week high of $160.27. The firm has a 50-day moving average of $120.21 and a 200 day moving average of $117.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The firm has a market cap of $8.43 billion, a P/E ratio of 74.04 and a beta of 1.25.

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. The business had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts expect that FormFactor, Inc. will post 2.7 EPS for the current year.

Analyst Upgrades and Downgrades

FORM has been the topic of several analyst reports. Northland Securities set a $118.00 price target on shares of FormFactor in a report on Thursday, April 30th. Citigroup increased their price objective on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FormFactor currently has an average rating of “Moderate Buy” and an average target price of $127.45.

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.