Legal & General Group Plc Invests $29.07 Million in FormFactor, Inc. $FORM

Legal & General Group Plc purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 181,745 shares of the semiconductor company’s stock, valued at approximately $29,067,000. Legal & General Group Plc owned approximately 0.23% of FormFactor at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in FormFactor during the 2nd quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd acquired a new position in shares of FormFactor during the second quarter valued at about $27,000,000. Victory Capital Management Inc. raised its position in shares of FormFactor by 5,596.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock valued at $70,090,000 after purchasing an additional 1,234,488 shares during the last quarter. Morgan Stanley boosted its stake in FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after purchasing an additional 1,127,146 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in FormFactor during the 4th quarter worth approximately $60,495,000. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FormFactor

In other FormFactor 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 value of $2,095,461.90. Following the completion of 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 legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the sale, the director owned 5,375 shares in the company, valued at $674,025. This trade represents a 54.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,020 shares of company stock valued at $4,756,017. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FORM. Evercore set a $150.00 target price on FormFactor in a research report on Thursday, July 30th. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Finally, Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Stock Performance

NASDAQ FORM opened at $101.69 on Friday. The stock has a 50-day simple moving average of $118.46 and a two-hundred day simple moving average of $117.17. The firm has a market capitalization of $7.93 billion, a P/E ratio of 69.65 and a beta of 1.25. FormFactor, Inc. has a fifty-two week low of $27.81 and a fifty-two week high of $160.27. 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 issued its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company’s revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current 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.