Assenagon Asset Management S.A. Increases Holdings in FormFactor, Inc. $FORM

Assenagon Asset Management S.A. increased its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 384.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 562,769 shares of the semiconductor company’s stock after purchasing an additional 446,615 shares during the quarter. Assenagon Asset Management S.A. owned 0.73% of FormFactor worth $31,391,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in FormFactor in the 3rd quarter worth $508,000. Reinhart Partners LLC. raised its position in FormFactor by 26.3% during the third 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 during the period. State of New Jersey Common Pension Fund D lifted its holdings in FormFactor by 24.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 76,376 shares of the semiconductor company’s stock valued at $2,782,000 after purchasing an additional 15,186 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of FormFactor in the second quarter valued at about $4,715,000. Finally, ProShare Advisors LLC grew its position in shares of FormFactor by 68.8% in the third quarter. ProShare Advisors LLC now owns 29,336 shares of the semiconductor company’s stock valued at $1,068,000 after purchasing an additional 11,956 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Up 2.4%

Shares of NASDAQ FORM opened at $108.07 on Thursday. The company has a market capitalization of $8.42 billion, a P/E ratio of 156.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.60. The company has a 50 day simple moving average of $88.77 and a 200-day simple moving average of $62.94. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $110.09.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $210.29 million. During the same period in the prior year, the firm 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, equities research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Piper Sandler set a $100.00 price target on shares of FormFactor in a research report on Monday, February 2nd. TD Cowen lifted their price objective on FormFactor from $50.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Citigroup increased their target price on FormFactor from $96.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, FormFactor currently has an average rating of “Moderate Buy” and a consensus target price of $80.91.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Sheri Rhodes sold 7,634 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $92.61, for a total value of $706,984.74. Following the transaction, the director owned 10,356 shares of the company’s stock, valued at $959,069.16. This represents a 42.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $90.42, for a total transaction of $313,034.04. Following the transaction, the chief financial officer directly owned 11,140 shares of the company’s stock, valued at approximately $1,007,278.80. This trade represents a 23.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 105,882 shares of company stock worth $8,576,161. Insiders own 0.90% of the company’s stock.

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.