WT Asset Management Ltd Purchases New Stake in FormFactor, Inc. $FORM

WT Asset Management Ltd purchased a new stake in shares of FormFactor, Inc. (NASDAQ:FORM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 534,492 shares of the semiconductor company’s stock, valued at approximately $85,481,000. FormFactor makes up 1.7% of WT Asset Management Ltd’s investment portfolio, making the stock its 16th biggest position.

Other large investors have also recently made changes to their positions in the company. UBS Group AG raised its stake in shares of FormFactor by 38.8% in the fourth quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock worth $15,808,000 after purchasing an additional 79,240 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of FormFactor by 206.4% during the fourth quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock valued at $24,323,000 after buying an additional 293,746 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in FormFactor during the first quarter worth $1,334,000. Jackson Creek Investment Advisors LLC bought a new stake in FormFactor during the fourth quarter worth $1,704,000. Finally, WINTON GROUP Ltd purchased a new stake in FormFactor in the 4th quarter valued at $610,000. 98.76% of the stock is owned by institutional investors.

FormFactor Stock Performance

NASDAQ:FORM opened at $138.16 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The business has a fifty day simple moving average of $123.12 and a two-hundred day simple moving average of $115.20. FormFactor, Inc. has a 1 year low of $27.00 and a 1 year high of $160.27. The company has a market capitalization of $10.77 billion, a P/E ratio of 94.63 and a beta of 1.25.

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

Insider Transactions at FormFactor

In other news, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total value of $409,500.00. Following the completion of the transaction, the director owned 8,653 shares in the company, valued at $1,090,278. This trade represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director directly owned 29,073 shares in the company, valued at approximately $4,404,268.77. This trade represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 44,098 shares of company stock valued at $5,649,644. 0.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of 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 research report on Monday, July 27th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Tuesday, May 12th. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Stifel Nicolaus set a $135.00 target price on shares of FormFactor 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

About FormFactor

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.