FormFactor (NASDAQ:FORM) Trading Up 7.1% – Time to Buy?

FormFactor, Inc. (NASDAQ:FORM)’s share price rose 7.1% during trading on Wednesday . The stock traded as high as $125.86 and last traded at $125.5120. Approximately 334,305 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,691,246 shares. The stock had previously closed at $117.20.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. B. Riley Financial boosted their price objective on shares of FormFactor from $145.00 to $165.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup lifted their price objective on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Itau BBA Securities raised FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. Finally, TD Cowen lifted their price objective on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $132.45.

FormFactor Trading Up 6.2%

The firm has a fifty day simple moving average of $118.41 and a 200-day simple moving average of $86.28. The firm has a market cap of $9.71 billion, a P/E ratio of 143.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The firm had revenue of $226.14 million during the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities research analysts expect that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Insider Activity

In other news, Director Brian C. White sold 2,300 shares of FormFactor stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $100.01, for a total transaction of $230,023.00. Following the completion of the transaction, the director directly owned 10,556 shares in the company, valued at $1,055,705.56. This trade represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mike Slessor sold 11,294 shares of FormFactor stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $127.72, for a total transaction of $1,442,469.68. Following the transaction, the chief executive officer owned 449,565 shares of the company’s stock, valued at $57,418,441.80. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 36,721 shares of company stock worth $4,152,722 over the last three months. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FormFactor

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in FormFactor by 4.0% during the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after buying an additional 108,487 shares in the last quarter. Alliancebernstein L.P. grew its holdings in FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after buying an additional 73,644 shares in the last quarter. Morgan Stanley increased its stake in FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after buying an additional 1,127,146 shares during the last quarter. Geode Capital Management LLC increased its stake in FormFactor by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock valued at $105,208,000 after buying an additional 7,150 shares during the last quarter. Finally, Sei Investments Co. increased its stake in FormFactor by 3.5% in the 3rd quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after buying an additional 55,101 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

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.