State of Alaska Department of Revenue Purchases 2,942 Shares of FormFactor, Inc. $FORM

State of Alaska Department of Revenue grew its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,857 shares of the semiconductor company’s stock after purchasing an additional 2,942 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of FormFactor worth $1,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new position in FormFactor in the 2nd quarter worth $583,000. Reinhart Partners LLC. raised its stake in FormFactor by 64.8% in the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after acquiring an additional 749,088 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in FormFactor in the 2nd quarter worth $279,000. Mirador Capital Partners LP raised its stake in FormFactor by 6.1% in the 2nd quarter. Mirador Capital Partners LP now owns 127,610 shares of the semiconductor company’s stock worth $4,391,000 after acquiring an additional 7,340 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in FormFactor by 54.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 162,464 shares of the semiconductor company’s stock worth $5,590,000 after purchasing an additional 57,470 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

FORM has been the topic of several analyst reports. Wall Street Zen raised FormFactor from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Citigroup reaffirmed a “neutral” rating and set a $31.00 price target (down from $36.00) on shares of FormFactor in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FormFactor in a research report on Saturday, September 27th. Finally, Stifel Nicolaus cut their price target on FormFactor from $34.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.29.

FormFactor Trading Up 0.7%

FORM stock opened at $39.69 on Friday. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $50.79. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 70.88 and a beta of 1.28. The business’s 50-day moving average is $31.44 and its 200 day moving average is $31.35.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). FormFactor had a return on equity of 5.57% and a net margin of 5.75%.The business had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $190.17 million. During the same period last year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, sell-side analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total transaction of $118,200.00. Following the sale, the director owned 13,126 shares of the company’s stock, valued at approximately $387,873.30. The trade was a 23.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kelley Steven-Waiss sold 3,600 shares of FormFactor stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $30.43, for a total transaction of $109,548.00. Following the sale, the director directly owned 35,479 shares in the company, valued at approximately $1,079,625.97. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.