AlphaQuest LLC Purchases 7,830 Shares of FormFactor, Inc. $FORM

AlphaQuest LLC increased its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 254.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,906 shares of the semiconductor company’s stock after buying an additional 7,830 shares during the period. AlphaQuest LLC’s holdings in FormFactor were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FORM. Arizona State Retirement System raised its holdings in FormFactor by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 22,796 shares of the semiconductor company’s stock worth $830,000 after acquiring an additional 335 shares during the period. LRI Investments LLC grew its position in shares of FormFactor by 17.1% in the third quarter. LRI Investments LLC now owns 3,731 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 545 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of FormFactor by 457.1% in the third quarter. New York State Common Retirement Fund now owns 133,887 shares of the semiconductor company’s stock valued at $4,876,000 after purchasing an additional 109,854 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of FormFactor in the third quarter worth about $299,000. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of FormFactor by 38.8% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 19,716 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 5,515 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on FORM shares. B. Riley Financial reaffirmed a “buy” rating on shares of FormFactor in a report on Thursday. Stifel Nicolaus boosted their target price on shares of FormFactor from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday. TD Cowen increased their price target on shares of FormFactor from $50.00 to $80.00 and gave the company a “hold” rating in a report on Thursday. Citigroup raised their price target on shares of FormFactor from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Freedom Capital upgraded shares of FormFactor to a “hold” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FormFactor currently has an average rating of “Moderate Buy” and an average price target of $80.91.

Key Stories Impacting FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q4 beat and HBM-driven strength — FORM reported Q4 EPS of $0.46 vs. consensus $0.35 and revenue of $215.16M (up ~13.6% YoY); management highlighted record HBM demand as a growth driver. Read More.
• Positive Sentiment: Raised Q1/2026 outlook — Management set Q1 EPS guidance of $0.410–$0.490 and revenue guidance of $220–$230M, well above Street estimates, signaling stronger near‑term revenue and margin expansion. Read More.
• Positive Sentiment: Analyst support — Citi raised its price target to $98 with a Buy rating, reinforcing the bullish case after the quarter and expectations for continued HBM/data‑center strength. Read More.
• Neutral Sentiment: Investor briefings and transcripts available — The full earnings‑call transcript and slide presentation provide color on product demand, supply chain cadence and margin drivers for investors doing deeper due diligence. Read More.
• Negative Sentiment: Mixed analyst signals — Evercore raised its target to $80 but kept an “in‑line” rating; that target sits below the recent market price, which could temper upside for some investors. Read More.
• Negative Sentiment: Short‑term skepticism in some coverage — A few outlets noted that despite beats and guidance, shares briefly dipped in parts of the session, reflecting profit‑taking or cautious positioning by some investors. Read More.

Insiders Place Their Bets

In other FormFactor news, Director Kelley Steven-Waiss sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $55.97, for a total transaction of $151,119.00. Following the completion of the transaction, the director owned 32,779 shares in the company, valued at $1,834,640.63. This trade represents a 7.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mike Slessor sold 39,606 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $65.00, for a total value of $2,574,390.00. Following the completion of the sale, the chief executive officer owned 485,995 shares in the company, valued at approximately $31,589,675. This represents a 7.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,466 shares of company stock worth $4,683,377 over the last quarter. Company insiders own 0.90% of the company’s stock.

FormFactor Stock Up 7.7%

Shares of FORM stock opened at $90.29 on Friday. FormFactor, Inc. has a one year low of $22.58 and a one year high of $92.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.46. The stock has a fifty day moving average price of $65.42 and a 200 day moving average price of $47.93. The stock has a market cap of $7.00 billion, a P/E ratio of 130.86 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The company had revenue of $215.16 million during the quarter, compared to analysts’ expectations of $210.29 million. During the same quarter in the prior year, the company posted $0.27 EPS. The business’s revenue was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

FormFactor 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.