Canada Pension Plan Investment Board Makes New Investment in FormFactor, Inc. $FORM

Canada Pension Plan Investment Board purchased a new stake in FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 92,400 shares of the semiconductor company’s stock, valued at approximately $14,778,000.

Several other institutional investors have also modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in shares of FormFactor in the fourth quarter valued at $25,000. Keating Financial Advisory Services Inc. acquired a new position in FormFactor during the 2nd quarter worth $25,000. UMB Bank n.a. grew its stake in FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Torren Management LLC purchased a new stake in FormFactor during the 4th quarter worth about $41,000. Finally, Persistent Asset Partners Ltd purchased a new stake in FormFactor during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Trading Down 7.7%

NASDAQ:FORM opened at $101.69 on Friday. FormFactor, Inc. has a 1 year low of $27.81 and a 1 year high of $160.27. The stock has a market cap of $7.93 billion, a P/E ratio of 69.65 and a beta of 1.25. 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 stock has a 50-day simple moving average of $118.46 and a 200-day simple moving average of $117.17.

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

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 16,002 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the sale, the chief executive officer owned 484,204 shares of the company’s stock, valued at approximately $63,406,513.80. This trade represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the sale, the director owned 5,375 shares of the company’s stock, valued at $674,025. This represents a 54.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,020 shares of company stock worth $4,756,017 over the last three months. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

FORM has been the subject of several recent research reports. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. TD Cowen reduced their target price on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Evercore set a $150.00 price target on shares of FormFactor in a research note on Thursday, July 30th. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.