Gf Fund Management 13F: Cuts FormFactor (FORM) Stake by $45M

On October 26, 2026, Gf Fund Management cut its position in FormFactor, Inc. (NASDAQ: FORM) by 300,036 shares, bringing its total holdings to 475,964 shares valued at approximately $71.1 million. This information comes from the fund's latest Form 13F filing with the SEC, which covers the quarter ending September 30, 2026.

Gf Fund Management's reduction in shares represents a 38.7% decrease from its previous total of 776,000 shares. The fund's holdings now account for 1.67% of its total reported value of about $4.25 billion, ranking it 18th among its 616 reported positions.

FORM FormFactor, Inc.

$101.11 ▲ +70.82% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where FormFactor Fits in Gf Fund Management's Portfolio

The cut in FormFactor shares reflects a significant shift in Gf Fund Management's investment strategy.

Other Institutional Activity in FormFactor

Gf Fund Management isn't alone in adjusting its position in FormFactor. Earnest Partners LLC reduced its holdings by 1,112,047 shares, now holding 3,763,214 shares valued at approximately $380.5 million. Polar Capital Holdings PLC also cut its stake by 146,252 shares, bringing its total to 2,146,098 shares worth about $217 million. Additionally, Primecap Management Company trimmed its position by 98,556 shares, ending with 1,690,114 shares valued at around $170.9 million.

FormFactor, Inc. Stock Up 2.6%

As of October 26, 2026, FormFactor shares closed at $101.11. They have recently traded around $101.09, which is about equal to the closing price. However, the stock is currently below its 50-day moving average of approximately $118.67 and its 200-day moving average of around $113.30. It's also significantly below its 52-week high of $160.27, down about 36.9% from that peak.

Recent Earnings

FormFactor reported trailing twelve-month revenue of approximately $902.2 million, reflecting a year-over-year growth of 31.9%. The company has an earnings per share (EPS) of $1.45 and is scheduled to announce its next earnings on October 28, 2026.

Insider Buying and Selling at FormFactor, Inc.

Insider trading activity has been notable with several executives selling shares recently. CEO Michael D. Slessor sold 16,002 shares on August 14, 2026, and later sold 17,510 shares on September 16, 2026. Additionally, he sold 11,098 shares on October 14, 2026. Director Kelley Steven-Waiss also sold 2,100 shares at an average price of $96.10 on September 3, 2026. These transactions indicate ongoing adjustments among insiders.

Analysts Set New Price Targets

Analysts have varied opinions on FormFactor's stock. Deutsche Bank initiated coverage with a "Buy" rating and a price target of $200 on September 30, 2026. Meanwhile, TD Cowen maintained a "Hold" rating with a target of $100, down from $150, and Evercore ISI Group maintained an "Outperform" rating with a target of $150, down from $155. The consensus recommendation for FormFactor remains a "Buy" with a mean price target of $152.22.

About FormFactor, Inc.

FormFactor, Inc. designs and manufactures essential semiconductor testing equipment, including probe cards and related services. The company operates internationally and serves a critical role in the semiconductor industry, making its stock movements significant for investors.

Bottom Line

Investors should keep an eye on FormFactor's upcoming earnings report on October 28, 2026, which could provide insights into its financial performance. Additionally, the recent cuts by Gf Fund Management and other funds may signal a shift in market sentiment regarding the stock.