Channing Capital Management LLC Buys Shares of 464,281 FormFactor, Inc. $FORM

Channing Capital Management LLC purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 464,281 shares of the semiconductor company’s stock, valued at approximately $16,909,000. Channing Capital Management LLC owned approximately 0.60% of FormFactor as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. State of New Jersey Common Pension Fund D lifted its holdings in shares of FormFactor by 9.5% during 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 during the period. SG Americas Securities LLC acquired a new stake in FormFactor in the third quarter valued at $508,000. Reinhart Partners LLC. raised its position in 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 last quarter. Bessemer Group Inc. lifted its holdings in FormFactor by 25.0% during the 2nd quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock worth $14,841,000 after buying an additional 86,277 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of FormFactor in the 2nd quarter valued at about $4,715,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Up 2.5%

FormFactor stock opened at $94.56 on Friday. The company has a market capitalization of $7.33 billion, a PE ratio of 137.05 and a beta of 1.11. FormFactor, Inc. has a 12-month low of $22.58 and a 12-month high of $100.01. The firm’s fifty day moving average is $72.94 and its 200 day moving average is $52.30. The company has a quick ratio of 3.60, a current ratio of 4.50 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results 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. The firm had revenue of $215.16 million during the quarter, compared to the consensus estimate of $210.29 million. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The business’s revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. As a group, sell-side analysts predict that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 39,606 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $65.00, for a total transaction of $2,574,390.00. Following the transaction, the chief executive officer directly owned 485,995 shares of the company’s stock, valued at $31,589,675. This represents a 7.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis Thomas St sold 7,431 shares of FormFactor stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $93.84, for a total transaction of $697,325.04. Following the completion of the sale, the director directly owned 31,526 shares of the company’s stock, valued at approximately $2,958,399.84. The trade was a 19.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 100,262 shares of company stock worth $7,643,348 in the last quarter. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. DA Davidson set a $55.00 price objective on FormFactor in a research report on Thursday, October 30th. Evercore boosted their price target on shares of FormFactor from $50.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. B. Riley Financial reaffirmed a “buy” rating on shares of FormFactor in a research note on Thursday, February 5th. Freedom Capital raised shares of FormFactor to a “hold” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, FormFactor has an average rating of “Moderate Buy” and a consensus price target of $80.91.

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.