Pinnacle Associates 13F: Adds $1.9M to FormFactor (FORM) Stake

Pinnacle Associates boosted its holdings in FormFactor, Inc. FORM by 12,830 shares during the quarter, according to a Form 13F filing disclosed on October 20, 2026. The purchase marked a 7.3% increase in the firm's position, bringing its total stake to 189,327 shares valued at $28,268,414. FormFactor closed at $107.70 on the filing date.

FORM FormFactor, Inc.

$101.10 ▲ +70.81% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Pinnacle Associates's FormFactor, Inc. Position

Pinnacle Associates lifted its stake in the semiconductor equipment provider from 176,497 shares up to 189,327 shares. The additional 12,830 shares brought the total reported value of the investment to roughly $28.3 million.

Other Institutional Activity in FormFactor, Inc.

Earnest Partners LLC reduced its holdings by 1,112,047 shares, ending with 3,763,214 shares worth about $382,587,154. Polar Capital Holdings PLC decreased its stake by 146,252 shares to hold 2,146,098 shares valued at $218,183,055. Primecap Management Company trimmed its position by 98,556 shares, finishing the period with 1,690,114 shares worth approximately $171,825,441.

FormFactor, Inc. Stock Down 3.7%

FormFactor, Inc. FORM recently traded around $103.77 as of October 22, 2026, down about 3.6% from its close of $107.70 on the filing date. The stock trades below its 50-day moving average of $120.01 and sits below its 52-week high of $160.27.

Recent Earnings

The Livermore, California-based company reported $902.2 million in trailing-twelve-month revenue alongside earnings of $1.45 per share. FormFactor operates in the technology sector, designing probe cards and test systems for semiconductor makers worldwide. The company's next earnings report is scheduled for October 28, 2026.

Dividend

FormFactor, Inc. FORM does not currently pay a dividend.

Insider Buying and Selling at FormFactor, Inc.

Director Kelley Steven-Waiss sold 2,100 shares on September 3, 2026, for $201,810. CEO Michael D. Slessor disposed of 17,510 shares on September 16, 2026. CEO Mike Slessor sold 11,098 shares under a planned trading program on October 14, 2026, for $1,389,437.42. Another transaction for 11,098 shares was reported by CEO Michael D. Slessor on October 14, 2026.

Analysts Set New Price Targets

Wall Street firms have adjusted their stances on FormFactor, Inc. FORM through recent months. TD Cowen maintained a hold rating with a $100 price target on July 30, 2026, lowering it from $150. Evercore ISI Group kept an outperform rating while moving its target from $155 to $150 on the same day. Later, Deutsche Bank initiated coverage with a buy rating and a $200 target on September 30, 2026. Freedom Capital Markets maintained a hold rating while raising its target from $64 to $140 on October 5, 2026, and reiterated that hold rating on October 21, 2026. Overall, the stock holds a consensus buy recommendation from nine analysts, with a mean price target of $152.22.

About FormFactor, Inc.

FormFactor, Inc. FORM builds essential testing equipment for the semiconductor industry, including probe cards and cryogenic systems used by chipmakers to test integrated circuits before they ship. Institutional interest and insider transactions come into sharp focus as the company prepares for its upcoming quarterly financial update.

Bottom Line

Investors will look closely at FormFactor's upcoming earnings release on October 28, 2026, to gauge demand for its semiconductor test equipment. Monitoring subsequent institutional filings and insider activity will help clarify how major stakeholders view the stock following recent price shifts.