FormFactor (NASDAQ:FORM) Shares Gap Up – What’s Next?

FormFactor, Inc. (NASDAQ:FORM) shares gapped up before the market opened on Tuesday . The stock had previously closed at $107.90, but opened at $112.41. FormFactor shares last traded at $108.6210, with a volume of 45,880 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on FORM. Stifel Nicolaus set a $135.00 price target on FormFactor in a research report on Thursday, April 30th. TD Cowen reduced their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Evercore set a $150.00 price target on shares of FormFactor in a research report on Thursday, July 30th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Stock Up 0.4%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The firm’s fifty day simple moving average is $121.49 and its 200 day simple moving average is $116.71. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 74.41 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.61 by $0.21. The business had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, sell-side analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Insider Buying and Selling

In other FormFactor news, Director Dennis Thomas St sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the transaction, the director directly owned 29,073 shares in the company, valued at $4,404,268.77. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mike Slessor sold 16,002 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90. Following the transaction, the chief executive officer directly owned 484,204 shares in the company, valued at $63,406,513.80. This trade represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 37,020 shares of company stock worth $4,756,017. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On FormFactor

Hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its holdings in shares of FormFactor by 2.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after acquiring an additional 157 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in FormFactor during the second quarter worth about $25,000. Blue Trust Inc. grew its stake in FormFactor by 1.9% during the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after buying an additional 196 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in FormFactor in the 2nd quarter valued at about $43,000. Finally, UMB Bank n.a. raised its position in shares of FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Company Profile

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.