Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 9,123 FormFactor, Inc. $FORM

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in FormFactor, Inc. (NASDAQ:FORM) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,123 shares of the semiconductor company’s stock, valued at approximately $1,459,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in FormFactor during the 4th quarter worth $25,000. UMB Bank n.a. lifted its holdings in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Torren Management LLC acquired a new position in FormFactor in the fourth quarter valued at about $41,000. Persistent Asset Partners Ltd bought a new stake in shares of FormFactor in the second quarter worth about $43,000. Finally, USA Financial Formulas bought a new stake in shares of FormFactor in the first quarter worth about $46,000. 98.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Thursday, June 11th. Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Finally, Northland Securities set a $118.00 price target on shares of FormFactor in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, FormFactor presently has a consensus rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Stock Down 1.3%

FORM stock opened at $114.16 on Friday. 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 stock has a market capitalization of $8.90 billion, a P/E ratio of 78.19 and a beta of 1.25. The business has a 50-day moving average of $122.39 and a 200-day moving average of $116.16. FormFactor, Inc. has a fifty-two week low of $27.81 and a fifty-two week high of $160.27.

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

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 16,002 shares of FormFactor stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $130.95, for a total value of $2,095,461.90. Following the sale, the chief executive officer directly owned 484,204 shares in the company, valued at $63,406,513.80. This trade represents a 3.20% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction on Monday, June 15th. The stock was 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 represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,020 shares of company stock valued at $4,756,017 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.