FormFactor (NASDAQ:FORM) Trading 10.7% Higher – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FORM shares. Citigroup upped their price target on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a research report on Monday, April 27th. TD Cowen boosted their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, June 11th. Finally, Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.45.

FormFactor Stock Up 10.9%

The firm has a market cap of $12.47 billion, a P/E ratio of 183.83 and a beta of 1.26. The business’s fifty day moving average price is $136.10 and its two-hundred day moving average price is $103.30. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01.

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, topping 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%. FormFactor’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities research analysts anticipate that FormFactor, Inc. will post 2.03 EPS for the current year.

Insider Activity at FormFactor

In related news, Director Sheri Rhodes sold 6,328 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the business’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 value of $484,127.16. Following the completion of the sale, the director owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. This trade represents a 32.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,828 shares of company stock worth $6,306,587 in the last 90 days. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On FormFactor

A number of institutional investors have recently modified their holdings of FORM. Empowered Funds LLC bought a new stake in shares of FormFactor during the 1st quarter worth $269,000. Parallel Advisors LLC raised its holdings in FormFactor by 1,077.3% in the 1st quarter. Parallel Advisors LLC now owns 6,381 shares of the semiconductor company’s stock worth $619,000 after acquiring an additional 5,839 shares during the period. Glenmede Trust Co. NA bought a new position in FormFactor in the 1st quarter worth $322,000. Cim Investment Management Inc. lifted its position in FormFactor by 10.8% during the 1st quarter. Cim Investment Management Inc. now owns 5,071 shares of the semiconductor company’s stock worth $492,000 after acquiring an additional 493 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in FormFactor during the 1st quarter worth $4,450,000. Institutional investors 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.