Federated Hermes Inc. Sells 21,809 Shares of FormFactor, Inc. $FORM

Federated Hermes Inc. decreased its stake in FormFactor, Inc. (NASDAQ:FORM) by 53.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,616 shares of the semiconductor company’s stock after selling 21,809 shares during the quarter. Federated Hermes Inc.’s holdings in FormFactor were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FORM. Bank of New York Mellon Corp boosted its stake in FormFactor by 170.2% during the second quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock worth $72,069,000 after buying an additional 1,319,345 shares during the period. Reinhart Partners LLC. boosted its stake in shares of FormFactor by 26.3% during the 3rd quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after purchasing an additional 500,156 shares during the period. First Eagle Investment Management LLC bought a new position in FormFactor during the 2nd quarter valued at about $9,684,000. Select Equity Group L.P. raised its position in FormFactor by 78.6% in the 2nd quarter. Select Equity Group L.P. now owns 617,542 shares of the semiconductor company’s stock worth $21,250,000 after purchasing an additional 271,760 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in FormFactor by 172.6% in the second quarter. BNP Paribas Financial Markets now owns 365,176 shares of the semiconductor company’s stock worth $12,566,000 after purchasing an additional 231,200 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $90.00 target price on shares of FormFactor in a research note on Thursday. Northland Securities set a $70.00 price objective on FormFactor in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of FormFactor in a research note on Thursday, January 22nd. Cantor Fitzgerald lifted their target price on FormFactor from $75.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Finally, TD Cowen upped their price target on shares of FormFactor from $50.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday. One investment 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.91.

FormFactor News Summary

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.

Insider Activity at FormFactor

In related news, Director Dennis Thomas St sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $49.85, for a total value of $99,700.00. Following the completion of the transaction, the director owned 38,957 shares of the company’s stock, valued at $1,942,006.45. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kelley Steven-Waiss sold 2,700 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total value of $151,119.00. Following the sale, the director owned 32,779 shares of the company’s stock, valued at approximately $1,834,640.63. This represents a 7.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,466 shares of company stock valued at $4,683,377 over the last ninety days. 0.90% of the stock is owned by company insiders.

FormFactor Price Performance

Shares of FORM stock opened at $90.29 on Friday. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $92.58. The company has a current ratio of 4.50, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $65.42 and a two-hundred day simple moving average of $47.93. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 130.86 and a beta of 1.11.

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