Pallas Capital Advisors LLC Makes New $934,000 Investment in FormFactor, Inc. $FORM

Pallas Capital Advisors LLC acquired a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,838 shares of the semiconductor company’s stock, valued at approximately $934,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FORM. Andar Capital Management HK Ltd acquired a new position in FormFactor in the second quarter valued at approximately $27,000,000. Bank of America Corp DE increased its holdings in shares of FormFactor by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after purchasing an additional 108,487 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after purchasing an additional 73,644 shares during the period. Morgan Stanley boosted its holdings in FormFactor by 98.5% during the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in FormFactor by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock valued at $105,208,000 after buying an additional 7,150 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $124.34 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The firm has a fifty day moving average of $123.20 and a 200 day moving average of $115.56. The firm has a market cap of $9.69 billion, a PE ratio of 85.16 and a beta of 1.25. FormFactor, Inc. has a one year low of $27.00 and a one year high of $160.27.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The business had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same period last year, the firm posted $0.27 earnings per share. The company’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, research analysts predict that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director directly owned 29,073 shares in the company, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $130.95, for a total value of $2,095,461.90. Following the transaction, the chief executive officer directly owned 484,204 shares of the company’s stock, valued at $63,406,513.80. The trade was a 3.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 40,848 shares of company stock valued at $5,240,144. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on FORM. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. Evercore set a $150.00 target price on shares of FormFactor in a research note on Thursday, July 30th. TD Cowen dropped their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Zacks Research lowered FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

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.