Envestnet Asset Management Inc. Has $15.09 Million Position in FormFactor, Inc. $FORM

Envestnet Asset Management Inc. reduced its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 414,372 shares of the semiconductor company’s stock after selling 9,848 shares during the period. Envestnet Asset Management Inc. owned 0.54% of FormFactor worth $15,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its holdings in FormFactor by 9.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock worth $2,106,000 after purchasing an additional 5,295 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of FormFactor in the third quarter worth about $508,000. 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 acquiring an additional 500,156 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of FormFactor by 25.0% during the 2nd quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock valued at $14,841,000 after acquiring an additional 86,277 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of FormFactor during the 2nd quarter valued at about $4,715,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

FormFactor Stock Performance

NASDAQ FORM opened at $96.76 on Tuesday. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $100.01. The company has a quick ratio of 3.60, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The company’s 50-day simple moving average is $70.03 and its 200 day simple moving average is $50.63. The stock has a market cap of $7.50 billion, a P/E ratio of 140.24 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 EPS 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 business had revenue of $215.16 million for the quarter, compared to analyst estimates of $210.29 million. During the same quarter in the previous year, the firm earned $0.27 EPS. FormFactor’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. As a group, research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Loop Capital set a $64.00 target price on FormFactor in a research report on Tuesday, January 27th. Itau BBA Securities upgraded shares of FormFactor to an “outperform” rating in a report on Tuesday, January 27th. Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a report on Thursday, January 22nd. Cantor Fitzgerald lifted their price objective on FormFactor from $75.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Finally, Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.91.

Insiders Place Their Bets

In related news, Director Sheri Rhodes sold 7,634 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $92.61, for a total transaction of $706,984.74. Following the sale, the director directly owned 10,356 shares in the company, valued at $959,069.16. This represents a 42.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Slessor sold 39,606 shares of FormFactor stock in a transaction 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 transaction, the chief executive officer owned 485,995 shares of the company’s stock, valued at approximately $31,589,675. The trade was a 7.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 100,001 shares of company stock worth $7,248,373 over the last ninety days. 0.96% of the stock is owned by insiders.

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.