State of New Jersey Common Pension Fund D Lowers Stake in FormFactor, Inc. $FORM

State of New Jersey Common Pension Fund D reduced its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 42.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 44,307 shares of the semiconductor company’s stock after selling 32,069 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FormFactor were worth $2,471,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of FORM. Jones Financial Companies Lllp grew its position in FormFactor by 84.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 453 shares during the last quarter. Hantz Financial Services Inc. grew its position in FormFactor by 547.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 882 shares during the last quarter. Torren Management LLC purchased a new position in FormFactor during the 4th quarter worth $41,000. State of Wyoming grew its position in FormFactor by 18.4% during the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 261 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in FormFactor by 208.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,843 shares of the semiconductor company’s stock worth $63,000 after purchasing an additional 1,246 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FORM. Wall Street Zen raised shares of FormFactor from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. TD Cowen lifted their target price on shares of FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Loop Capital set a $64.00 target price on shares of FormFactor in a report on Tuesday, January 27th. Finally, Stifel Nicolaus set a $135.00 target price on shares of FormFactor in a report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $121.55.

Insiders Place Their Bets

In other news, Director Brian C. White sold 2,300 shares of FormFactor stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $100.01, for a total value of $230,023.00. Following the sale, the director owned 10,556 shares of the company’s stock, valued at $1,055,705.56. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelley Steven-Waiss sold 2,200 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $93.70, for a total transaction of $206,140.00. Following the sale, the director directly owned 30,579 shares in the company, valued at approximately $2,865,252.30. This represents a 6.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 64,482 shares of company stock valued at $6,438,951. Corporate insiders own 0.79% of the company’s stock.

FormFactor Stock Up 2.8%

Shares of NASDAQ:FORM opened at $149.12 on Thursday. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 171.40 and a beta of 1.32. The firm’s 50-day simple moving average is $111.72 and its 200-day simple moving average is $80.62. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $159.09.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. The business had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities research analysts predict that FormFactor, Inc. will post 2.03 earnings per share for the current year.

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.