FormFactor (NASDAQ:FORM) Shares Gap Up – Still a Buy?

FormFactor, Inc. (NASDAQ:FORM) gapped up before the market opened on Wednesday . The stock had previously closed at $116.33, but opened at $121.38. FormFactor shares last traded at $113.1320, with a volume of 314,293 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on FORM shares. Citigroup lifted their price target on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. TD Cowen increased their price objective on shares of FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research report on Tuesday, May 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 target price on shares of FormFactor in a research note on Monday, April 27th. Finally, Stifel Nicolaus set a $135.00 target price on shares of FormFactor in a research note on Thursday, April 30th. One research 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’s stock. According to data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and an average price target of $132.45.

FormFactor Stock Performance

The stock’s 50-day moving average price is $129.96 and its 200 day moving average price is $108.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. The firm has a market cap of $8.35 billion, a P/E ratio of 123.12 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities analysts predict that FormFactor, Inc. will post 2.03 EPS for the current year.

Insider Activity at FormFactor

In other news, Director Dennis Thomas St sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the transaction, the director owned 29,073 shares in the company, valued at $4,404,268.77. This trade represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. White sold 3,250 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the sale, the director owned 8,653 shares in the company, valued at $1,090,278. The trade was a 27.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 38,534 shares of company stock worth $4,864,118. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of FormFactor by 2.1% in the fourth 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. Blue Trust Inc. increased its holdings in FormFactor by 1.9% during the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after buying an additional 196 shares during the last quarter. UMB Bank n.a. raised its position in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Maryland State Retirement & Pension System raised its position in FormFactor by 2.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock worth $635,000 after acquiring an additional 299 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in FormFactor by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

About FormFactor

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.