FormFactor (NASDAQ:FORM) Hits New 1-Year High – Still a Buy?

Shares of FormFactor, Inc. (NASDAQ:FORM) reached a new 52-week high during trading on Tuesday . The stock traded as high as $160.19 and last traded at $159.88, with a volume of 1061073 shares traded. The stock had previously closed at $144.17.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of research reports. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. TD Cowen lifted their price target on shares of FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a research note on Friday, June 5th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $135.00 price objective on FormFactor in a research 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 issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.45.

FormFactor Stock Up 10.9%

The business’s 50 day simple moving average is $135.65 and its 200 day simple moving average is $102.59. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $12.47 billion, a PE ratio of 183.83 and a beta of 1.26.

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

Insider Activity

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the business’s stock in a transaction 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 transaction, the director owned 7,875 shares in the company, valued at $995,951.25. The trade was a 32.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian C. White sold 3,250 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total value of $409,500.00. Following the completion of the transaction, the director directly owned 8,653 shares in the company, valued at $1,090,278. This trade represents a 27.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 49,828 shares of company stock valued at $6,306,587. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of FormFactor

Large investors have recently made changes to their positions in the stock. Shannon River Fund Management LLC purchased a new stake in FormFactor in the 3rd quarter valued at about $35,260,000. SG Americas Securities LLC increased its position in shares of FormFactor by 1,158.7% during the fourth quarter. SG Americas Securities LLC now owns 175,432 shares of the semiconductor company’s stock worth $9,786,000 after acquiring an additional 161,494 shares during the period. UBS Group AG raised its stake in shares of FormFactor by 38.8% during the fourth quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock valued at $15,808,000 after acquiring an additional 79,240 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of FormFactor during the fourth quarter valued at approximately $1,704,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of FormFactor by 206.4% in the fourth quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock valued at $24,323,000 after purchasing an additional 293,746 shares during the period. 98.76% of the stock is owned by hedge funds and other 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.