FormFactor (NASDAQ:FORM) Reaches New 52-Week High – Still a Buy?

FormFactor, Inc. (NASDAQ:FORM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $140.47 and last traded at $142.10, with a volume of 188359 shares trading hands. The stock had previously closed at $137.21.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FORM shares. Stifel Nicolaus lifted their price target on shares of FormFactor from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. Craig Hallum reissued a “buy” rating and issued a $90.00 price target on shares of FormFactor in a research note on Thursday, February 5th. B. Riley Financial cut shares of FormFactor from a “buy” rating to a “neutral” rating and lifted their price target for the company from $100.00 to $130.00 in a research note on Monday, April 13th. Zacks Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Evercore lifted their price target on shares of FormFactor from $50.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.91.

FormFactor Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50. The firm’s 50 day simple moving average is $102.98 and its 200-day simple moving average is $74.06. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 205.86 and a beta of 1.04.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.11. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The company had revenue of $215.16 million for the quarter, compared to analysts’ expectations of $210.29 million. During the same quarter in the previous year, the company posted $0.27 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. On average, sell-side analysts predict that FormFactor, Inc. will post 1.41 EPS for the current year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 11,294 shares of FormFactor stock in a transaction on 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 sale, the chief executive officer owned 449,565 shares of the company’s stock, valued at $57,418,441.80. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of FormFactor stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $90.42, for a total transaction of $313,034.04. Following the sale, the chief financial officer directly owned 11,140 shares in the company, valued at approximately $1,007,278.80. This trade represents a 23.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 64,482 shares of company stock worth $6,438,951 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FORM. Salomon & Ludwin LLC purchased a new position in shares of FormFactor during the 3rd quarter worth $25,000. Los Angeles Capital Management LLC purchased a new position in shares of FormFactor during the 4th quarter worth $25,000. UMB Bank n.a. raised its holdings in shares of FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of FormFactor by 84.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 453 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of FormFactor by 547.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 882 shares during the period. Hedge funds and other 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.