FormFactor (NASDAQ:FORM) Stock Price Up 10.7% – Here’s What Happened

FormFactor, Inc. (NASDAQ:FORM)’s share price traded up 10.7% during trading on Monday . The company traded as high as $143.77 and last traded at $144.6640. Approximately 783,405 shares changed hands during trading, a decline of 55% from the average daily volume of 1,736,915 shares. The stock had previously closed at $130.74.

Analysts Set New Price Targets

FORM has been the topic of a number of research reports. Stifel Nicolaus set a $135.00 price objective on FormFactor in a research note on Thursday, April 30th. Citigroup upped their price target on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Northland Securities set a $118.00 price target on shares of FormFactor in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.45.

FormFactor Price Performance

The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $11.31 billion, a PE ratio of 167.40 and a beta of 1.26. The firm’s 50 day simple moving average is $135.32 and its 200 day simple moving average is $101.99.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. The firm had revenue of $226.14 million during the quarter, compared to analyst estimates of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business’s revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, research analysts anticipate that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.47, for a total transaction of $484,127.16. Following the completion of the sale, the director directly owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. This trade represents a 32.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mike Slessor sold 11,890 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total value of $1,442,851.50. Following the transaction, the chief executive officer owned 435,147 shares of the company’s stock, valued at approximately $52,805,088.45. The trade was a 2.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 49,828 shares of company stock valued at $6,306,587. 0.79% of the stock is owned by company insiders.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently made changes to their positions in FORM. Los Angeles Capital Management LLC purchased a new position in FormFactor in the 4th quarter worth about $25,000. UMB Bank n.a. increased its position in shares of 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 during the period. Torren Management LLC bought a new stake in shares of FormFactor during the fourth quarter valued at approximately $41,000. Kestra Advisory Services LLC purchased a new stake in shares of FormFactor in the fourth quarter valued at approximately $53,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of FormFactor by 58.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 389 shares during the period. 98.76% of the stock is currently owned by institutional investors.

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.