FormFactor, Inc. (NASDAQ:FORM) Short Interest Update

FormFactor, Inc. (NASDAQ:FORM) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,043,126 shares, a decrease of 37.2% from the June 15th total of 3,253,513 shares. Based on an average daily volume of 2,452,667 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.6% of the shares of the company are short sold.

FormFactor Stock Performance

Shares of NASDAQ:FORM traded down $1.54 during midday trading on Friday, hitting $105.57. The stock had a trading volume of 1,794,883 shares, compared to its average volume of 1,920,220. FormFactor has a 1 year low of $26.08 and a 1 year high of $160.27. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $129.12 and a two-hundred day moving average price of $108.46. The company has a market capitalization of $8.23 billion, a PE ratio of 121.35 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS 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 firm 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 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 will post 2.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore upgraded FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a research report on Friday, June 5th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. TD Cowen lifted their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 target price on shares of FormFactor in a report on Monday, April 27th. Finally, Northland Securities set a $118.00 price target on FormFactor in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

Insider Transactions at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 3,828 shares of FormFactor stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total value of $484,127.16. Following the transaction, the director directly owned 7,875 shares in the company, valued at approximately $995,951.25. The trade was a 32.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. The trade was a 54.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,534 shares of company stock worth $4,864,118 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FORM. Los Angeles Capital Management LLC acquired a new position in shares of FormFactor during the 4th quarter worth $25,000. UMB Bank n.a. lifted its stake in shares of FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. Torren Management LLC purchased a new stake in FormFactor during the fourth quarter worth about $41,000. Kestra Advisory Services LLC purchased a new stake in FormFactor during the fourth quarter worth about $53,000. Finally, Clearstead Advisors LLC grew its position in FormFactor by 58.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after buying an additional 389 shares during the period. Institutional investors and hedge funds 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.