FormFactor (NASDAQ:FORM) Shares Cross Above 200-Day Moving Average – Time to Sell?

FormFactor, Inc. (NASDAQ:FORM) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $119.32 and traded as high as $129.86. FormFactor shares last traded at $129.04, with a volume of 930,475 shares changing hands.

Analysts Set New Price Targets

FORM has been the subject of several research analyst reports. Wall Street Zen lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research report on Tuesday. Evercore set a $150.00 target price on FormFactor in a research note on Thursday, July 30th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Stock Up 0.5%

The company’s 50 day simple moving average is $111.98 and its 200-day simple moving average is $119.40. 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 firm has a market capitalization of $10.11 billion, a PE ratio of 88.83 and a beta of 1.24.

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

Insider Activity

In other news, CEO Mike Slessor sold 17,510 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $48,876,862.62. The trade was a 3.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the sale, the director owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 35,612 shares of company stock valued at $4,131,094. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Several hedge funds have recently added to or reduced their stakes in FORM. BlackRock Inc. bought a new position in shares of FormFactor during the second quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd purchased a new stake in FormFactor during the 2nd quarter valued at about $27,000,000. Bank of America Corp DE purchased a new stake in FormFactor during the 2nd quarter valued at about $285,257,000. Primecap Management Co. CA bought a new position in FormFactor during the 2nd quarter worth approximately $270,300,000. Finally, Bank of New York Mellon Corp bought a new position in FormFactor during the 2nd quarter worth approximately $103,844,000. 98.76% of the stock is owned by institutional investors.

About FormFactor

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company’s product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.