FormFactor (NASDAQ:FORM) Stock Price Up 6.1% – Still a Buy?

Shares of FormFactor, Inc. (NASDAQ:FORM) shot up 6.1% during mid-day trading on Tuesday . The company traded as high as $118.50 and last traded at $119.3780. Approximately 63,102 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 1,696,029 shares. The stock had previously closed at $112.47.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Tuesday, May 12th. Evercore set a $150.00 price objective on FormFactor in a research note on Thursday, July 30th. Citigroup raised their target price on FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. TD Cowen cut their target price on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Finally, Northland Securities set a $118.00 price target on shares of FormFactor in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Stock Up 5.8%

The firm’s 50-day moving average is $122.47 and its 200 day moving average is $113.33. The firm has a market capitalization of $9.28 billion, a P/E ratio of 81.40 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.21. The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities research analysts predict that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Insider Transactions at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.47, for a total transaction of $484,127.16. Following the completion of the transaction, the director owned 7,875 shares of the company’s stock, valued at $995,951.25. This represents a 32.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian C. White sold 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total transaction of $409,500.00. Following the transaction, the director directly owned 8,653 shares of the company’s stock, valued at $1,090,278. This represents a 27.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Persistent Asset Partners Ltd bought a new stake in FormFactor during the 2nd quarter worth about $43,000. Los Angeles Capital Management LLC bought a new position in shares of FormFactor in the 4th quarter valued at about $25,000. USA Financial Formulas acquired a new stake in shares of FormFactor in the first quarter valued at about $46,000. UMB Bank n.a. increased its position 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 acquiring an additional 281 shares during the last quarter. Finally, Torren Management LLC bought a new stake in FormFactor during the fourth quarter worth about $41,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.