FormFactor, Inc. (NASDAQ:FORM) Sees Large Drop in Short Interest

FormFactor, Inc. (NASDAQ:FORM) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2,461,058 shares, a decrease of 14.7% from the February 12th total of 2,885,111 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 1,192,382 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 1,192,382 shares, the short-interest ratio is presently 2.1 days. Approximately 3.2% of the shares of the stock are short sold.

Insider Activity

In other news, Director Kevin J. Brewer sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.20, for a total value of $288,600.00. Following the transaction, the director owned 8,105 shares of the company’s stock, valued at approximately $779,701. The trade was a 27.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian C. White sold 2,300 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $100.01, for a total transaction of $230,023.00. Following the transaction, the director directly owned 10,556 shares of the company’s stock, valued at $1,055,705.56. The trade was a 17.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 103,324 shares of company stock valued at $8,035,286 in the last three months. 0.96% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

A number of institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in FormFactor by 5,596.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock worth $70,090,000 after buying an additional 1,234,488 shares during the period. Morgan Stanley boosted its position in FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after buying an additional 1,127,146 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in FormFactor in the 4th quarter worth about $60,495,000. Westfield Capital Management Co. LP bought a new position in FormFactor in the 3rd quarter worth about $37,391,000. Finally, Shannon River Fund Management LLC purchased a new position in shares of FormFactor during the third quarter worth approximately $35,260,000. 98.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FORM has been the topic of several research reports. Craig Hallum reaffirmed a “buy” rating and issued a $90.00 target price on shares of FormFactor in a report on Thursday, February 5th. Loop Capital set a $64.00 price target on FormFactor in a research note on Tuesday, January 27th. Citigroup raised their price target on FormFactor from $96.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Cantor Fitzgerald upped their price objective on FormFactor from $75.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Finally, TD Cowen increased their target price on FormFactor from $50.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, FormFactor has an average rating of “Moderate Buy” and a consensus price target of $80.91.

FormFactor Trading Up 4.8%

FORM traded up $4.36 on Tuesday, hitting $94.71. The company had a trading volume of 900,238 shares, compared to its average volume of 1,252,270. The company has a market cap of $7.38 billion, a PE ratio of 137.26 and a beta of 1.03. FormFactor has a 12-month low of $22.58 and a 12-month high of $107.04. The company has a quick ratio of 3.60, a current ratio of 4.50 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $85.16 and its 200 day simple moving average is $60.21.

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

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.