FormFactor (NASDAQ:FORM) Stock Jumps 6.4% – Time to Buy?

FormFactor, Inc. (NASDAQ:FORM)’s share price shot up 6.4% on Monday. The company traded as high as $113.00 and last traded at $111.7060. Approximately 127,670 shares were traded during trading, a decline of 92% from the average daily volume of 1,647,792 shares. The stock had previously closed at $105.01.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FORM shares. TD Cowen lowered their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. B. Riley Financial restated a “buy” rating on shares of FormFactor in a research report on Monday. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research report on Tuesday, September 22nd. Evercore set a $150.00 target price on FormFactor in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on FormFactor in a report on Wednesday, September 30th. They issued a “buy” rating and a $200.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.83.

FormFactor Stock Down 2.2%

The company has a market cap of $8.40 billion, a price-to-earnings ratio of 73.77 and a beta of 1.18. The stock’s 50-day moving average is $119.84 and its 200-day moving average is $123.88. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results 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 net margin of 12.80% and a return on equity of 13.44%. The business had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. During the same period last year, the company posted $0.27 earnings per share. The business’s quarterly revenue 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, analysts anticipate that FormFactor, Inc. will post 2.70 earnings per share for the current fiscal year.

Insider Transactions at FormFactor

In other news, Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the sale, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. This trade represents a 7.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mike Slessor sold 17,510 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total value of $1,833,822.30. Following the completion of the sale, the chief executive officer directly owned 466,694 shares of the company’s stock, valued at $48,876,862.62. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,710 shares of company stock worth $5,520,564 in the last three months. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. lifted its holdings in shares of FormFactor by 7.3% in the third quarter. Pinnacle Associates Ltd. now owns 189,327 shares of the semiconductor company’s stock valued at $28,268,000 after purchasing an additional 12,830 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of FormFactor by 14.3% during the third quarter. Nisa Investment Advisors LLC now owns 3,452 shares of the semiconductor company’s stock valued at $515,000 after buying an additional 433 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of FormFactor during the third quarter valued at approximately $2,715,000. Vontobel Holding Ltd. grew its holdings in FormFactor by 24.3% during the third quarter. Vontobel Holding Ltd. now owns 10,945 shares of the semiconductor company’s stock worth $1,634,000 after buying an additional 2,139 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in FormFactor by 96.1% during the third quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock worth $38,000 after buying an additional 124 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.