California State Teachers Retirement System Purchases 16,329 Shares of FormFactor, Inc. $FORM

California State Teachers Retirement System grew its stake in shares of FormFactor, Inc. (NASDAQ:FORM) by 22.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,629 shares of the semiconductor company’s stock after purchasing an additional 16,329 shares during the quarter. California State Teachers Retirement System’s holdings in FormFactor were worth $8,693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in FormFactor by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after buying an additional 2,001 shares in the last quarter. Jones Financial Companies Lllp grew its stake in FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of FormFactor by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock worth $13,873,000 after purchasing an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in FormFactor by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock worth $4,922,000 after acquiring an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of FormFactor by 18.1% in the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after buying an additional 8,194 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Trading Up 10.6%

Shares of FORM opened at $120.30 on Wednesday. The stock has a 50-day moving average price of $123.34 and a 200 day moving average price of $112.28. FormFactor, Inc. has a one year low of $27.00 and a one year high of $160.27. The company has a market capitalization of $9.38 billion, a P/E ratio of 82.40 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.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 12.80% and a return on equity of 13.44%. The firm’s revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts forecast that FormFactor, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FORM shares. Citigroup lifted their target price on shares of FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research lowered FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a report on Thursday, April 30th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, June 11th. Finally, Evercore set a $150.00 target price on FormFactor in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 11,890 shares of FormFactor stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the sale, the chief executive officer directly owned 435,147 shares in the company, valued at approximately $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director directly owned 5,375 shares of the company’s stock, valued at approximately $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 a total of 38,534 shares of company stock worth $4,864,118 in the last quarter. 0.79% of the stock is owned by corporate insiders.

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.