FormFactor (NASDAQ:FORM) Sets New 1-Year High – Here’s Why

FormFactor, Inc. (NASDAQ:FORM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $111.90 and last traded at $114.0680, with a volume of 19394 shares traded. The stock had previously closed at $105.12.

Analysts Set New Price Targets

FORM has been the subject of several analyst reports. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Piper Sandler set a $100.00 target price on FormFactor in a research report on Monday, February 2nd. B. Riley Financial restated a “buy” rating on shares of FormFactor in a research report on Thursday, February 5th. TD Cowen boosted their target price on FormFactor from $50.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. Finally, Citigroup boosted their target price on FormFactor from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, FormFactor has an average rating of “Moderate Buy” and an average target price of $83.18.

FormFactor Price Performance

The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 165.79 and a beta of 1.04. The company has a 50-day moving average of $92.91 and a 200-day moving average of $67.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.35 by $0.11. The firm had revenue of $215.16 million for the quarter, compared to analysts’ expectations of $210.29 million. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. As a group, research analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity at FormFactor

In related news, Director Kevin J. Brewer sold 3,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $96.20, for a total value of $288,600.00. Following the sale, the director owned 8,105 shares in the company, valued at approximately $779,701. This represents a 27.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kelley Steven-Waiss sold 2,200 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $93.70, for a total value of $206,140.00. Following the completion of the sale, the director owned 30,579 shares in the company, valued at approximately $2,865,252.30. This trade represents a 6.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 66,276 shares of company stock worth $6,001,771. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in FormFactor by 23.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,622 shares of the semiconductor company’s stock valued at $258,000 after buying an additional 891 shares in the last quarter. Virtu Financial LLC acquired a new position in FormFactor in the 4th quarter valued at $397,000. T. Rowe Price Investment Management Inc. grew its holdings in FormFactor by 210,121.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 359,479 shares of the semiconductor company’s stock valued at $20,052,000 after buying an additional 359,308 shares in the last quarter. Invesco Ltd. grew its holdings in FormFactor by 6.4% in the 4th quarter. Invesco Ltd. now owns 332,927 shares of the semiconductor company’s stock valued at $18,571,000 after buying an additional 20,052 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in FormFactor by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 157 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

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.