Legal & General Group Plc Invests $29.07 Million in FormFactor, Inc. $FORM

Legal & General Group Plc purchased a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 181,745 shares of the semiconductor company’s stock, valued at approximately $29,067,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in FormFactor in the 2nd quarter worth about $1,676,772,000. Andar Capital Management HK Ltd acquired a new position in shares of FormFactor during the second quarter valued at approximately $27,000,000. Victory Capital Management Inc. raised its holdings in shares of FormFactor by 5,596.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock valued at $70,090,000 after acquiring an additional 1,234,488 shares during the last quarter. Morgan Stanley boosted its stake in shares of FormFactor by 98.5% in the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after acquiring an additional 1,127,146 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of FormFactor in the fourth quarter worth approximately $60,495,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Stock Down 7.7%

Shares of FORM opened at $101.69 on Friday. FormFactor, Inc. has a 52-week low of $27.81 and a 52-week high of $160.27. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $118.46 and a two-hundred day simple moving average of $117.17. The company has a market capitalization of $7.93 billion, a PE ratio of 69.65 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share 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 firm had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $240.00 million. During the same quarter in the previous year, the company posted $0.27 EPS. 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, equities analysts forecast that FormFactor, Inc. will post 2.7 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, June 11th. Wall Street Zen lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor currently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

Insiders Place Their Bets

In other news, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the sale, the director owned 29,073 shares of the company’s stock, valued at $4,404,268.77. This represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the firm’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. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,020 shares of company stock valued at $4,756,017 over the last ninety days. Company insiders own 0.79% of the company’s stock.

FormFactor Company 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.