TimesSquare Capital Management LLC Buys Shares of 58,321 FormFactor, Inc. $FORM

TimesSquare Capital Management LLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,321 shares of the semiconductor company’s stock, valued at approximately $9,327,000. TimesSquare Capital Management LLC owned 0.07% of FormFactor as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of FormFactor in the 2nd quarter valued at about $1,459,000. Persistent Asset Partners Ltd acquired a new stake in FormFactor during the second quarter worth about $43,000. Beverly Hills Private Wealth LLC acquired a new stake in FormFactor during the second quarter worth about $291,000. Andar Capital Management HK Ltd bought a new position in FormFactor in the second quarter worth about $4,318,000. Finally, Bank of New York Mellon Corp bought a new position in FormFactor in the second quarter worth about $103,844,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FORM shares. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. Evercore set a $150.00 price objective on FormFactor in a research report on Thursday, July 30th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Tuesday, May 12th. Finally, Citigroup increased their target price on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Trading Up 5.0%

FormFactor stock opened at $138.16 on Tuesday. FormFactor, Inc. has a 52-week low of $27.00 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 firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 94.63 and a beta of 1.25. The firm has a 50-day moving average price of $123.12 and a two-hundred day moving average price of $115.20.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.61 by $0.21. The company 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%. FormFactor’s revenue was up 31.9% compared to the same quarter last year. During the same quarter last 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 expect that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 16,002 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction dated Tuesday, June 2nd. The shares were 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 in the company, valued at approximately $674,025. This represents a 54.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,098 shares of company stock worth $5,649,644 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

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.