Assenagon Asset Management S.A. Increases Position in FormFactor, Inc. $FORM

Assenagon Asset Management S.A. grew its position in shares of FormFactor, Inc. (NASDAQ:FORM) by 384.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 562,769 shares of the semiconductor company’s stock after purchasing an additional 446,615 shares during the period. Assenagon Asset Management S.A.’s holdings in FormFactor were worth $31,391,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FORM. SG Americas Securities LLC purchased a new stake in shares of FormFactor in the 3rd quarter valued at $508,000. Reinhart Partners LLC. boosted its holdings in FormFactor by 26.3% during the 3rd quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after acquiring an additional 500,156 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in FormFactor by 24.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 76,376 shares of the semiconductor company’s stock valued at $2,782,000 after acquiring an additional 15,186 shares during the period. Edgestream Partners L.P. acquired a new position in FormFactor in the 2nd quarter valued at about $4,715,000. Finally, ProShare Advisors LLC increased its stake in FormFactor by 68.8% during the third quarter. ProShare Advisors LLC now owns 29,336 shares of the semiconductor company’s stock worth $1,068,000 after purchasing an additional 11,956 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Trading Up 2.4%

NASDAQ:FORM opened at $108.07 on Thursday. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $110.09. The stock has a market cap of $8.42 billion, a P/E ratio of 156.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50. The stock has a 50-day simple moving average of $88.77 and a 200-day simple moving average of $62.94.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.11. The firm had revenue of $215.16 million during the quarter, compared to analysts’ expectations of $210.29 million. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The firm’s revenue was up 13.6% 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 Q1 2026 guidance at 0.410-0.490 EPS. As a group, analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, Director Kelley Steven-Waiss sold 2,200 shares of FormFactor stock in a transaction on Tuesday, February 10th. The shares were 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 $2,865,252.30. This trade represents a 6.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin J. Brewer sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.20, for a total transaction of $288,600.00. Following the completion of the sale, the director directly owned 8,105 shares of the company’s stock, valued at approximately $779,701. This trade represents a 27.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 105,882 shares of company stock worth $8,576,161. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FORM. Evercore increased their price target on shares of FormFactor from $50.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday, February 5th. Itau BBA Securities raised shares of FormFactor to an “outperform” rating in a research note on Tuesday, January 27th. B. Riley Financial reiterated a “buy” rating on shares of FormFactor in a report on Thursday, February 5th. Cantor Fitzgerald raised their price target on shares of FormFactor from $75.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, Freedom Capital upgraded shares of FormFactor to a “hold” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.91.

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.