FormFactor (NASDAQ:FORM) Sets New 52-Week High – Still a Buy?

FormFactor, Inc. (NASDAQ:FORM) shares reached a new 52-week high on Tuesday . The company traded as high as $100.99 and last traded at $99.8620, with a volume of 455870 shares traded. The stock had previously closed at $96.12.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FORM shares. B. Riley Financial restated a “buy” rating on shares of FormFactor in a research note on Thursday, February 5th. DA Davidson set a $55.00 price objective on FormFactor in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of FormFactor in a research report on Thursday, January 22nd. Itau BBA Securities raised FormFactor to an “outperform” rating in a research note on Tuesday, January 27th. Finally, Craig Hallum restated a “buy” rating and issued a $90.00 price target on shares of FormFactor in a research note 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.91.

FormFactor Stock Down 4.9%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50. The company has a fifty day moving average of $75.67 and a two-hundred day moving average of $53.83. The company has a market cap of $7.85 billion, a PE ratio of 145.86 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last released 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 firm had revenue of $215.16 million for the quarter, compared to the consensus estimate of $210.29 million. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. As a group, analysts anticipate that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian C. White sold 5,500 shares of FormFactor stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $90.95, for a total value of $500,225.00. Following the transaction, the director owned 12,856 shares of the company’s stock, valued at $1,169,253.20. The trade was a 29.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin J. Brewer sold 3,000 shares of the firm’s 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 completion of the transaction, the director owned 8,105 shares of the company’s stock, valued at $779,701. This trade represents a 27.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,562 shares of company stock valued at $7,873,371 over the last three months. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in FormFactor by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after purchasing an additional 2,001 shares during the period. Jones Financial Companies Lllp raised its stake in shares of FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 4,743 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of FormFactor by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock worth $13,873,000 after acquiring an additional 53,310 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in FormFactor by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after purchasing an additional 9,394 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in FormFactor by 18.1% in the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after purchasing an additional 8,194 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.