FormFactor (NASDAQ:FORM) Trading 6.1% Higher – Here’s Why

FormFactor, Inc. (NASDAQ:FORM)’s share price was up 6.1% during trading on Tuesday . The company traded as high as $118.50 and last traded at $119.3780. Approximately 63,102 shares were traded during trading, a decline of 96% from the average daily volume of 1,696,029 shares. The stock had previously closed at $112.47.

Analyst Ratings Changes

FORM has been the topic of a number of recent research reports. TD Cowen cut their price target on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research note on Thursday, April 30th. Zacks Research cut shares of FormFactor from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Citigroup upped their target price on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Evercore set a $150.00 price target on shares of FormFactor in a research report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Stock Up 6.4%

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 company has a market cap of $10.04 billion, a price-to-earnings ratio of 88.20 and a beta of 1.25. The business has a 50-day simple moving average of $122.44 and a 200-day simple moving average of $113.93.

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

Insider Activity at FormFactor

In other news, Director Brian C. White sold 3,250 shares of the firm’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 sale, the director directly owned 8,653 shares in the company, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the sale, the director directly owned 5,375 shares of the company’s stock, valued at approximately $674,025. This trade represents a 54.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,096 shares of company stock worth $3,670,022 over the last ninety days. 0.79% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its stake in 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 purchasing an additional 157 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new position in FormFactor in the second quarter valued at approximately $25,000. Blue Trust Inc. increased its stake in FormFactor by 1.9% in the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 196 shares during the last quarter. Persistent Asset Partners Ltd purchased a new position in FormFactor in the second quarter valued at approximately $43,000. Finally, UMB Bank n.a. raised its holdings in 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 purchasing an additional 281 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.