FormFactor (NASDAQ:FORM) Trading Up 7.1% – Still a Buy?

FormFactor, Inc. (NASDAQ:FORM)’s stock price was up 7.1% during mid-day trading on Wednesday . The company traded as high as $125.86 and last traded at $125.5120. Approximately 334,305 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,691,246 shares. The stock had previously closed at $117.20.

Analysts Set New Price Targets

A number of analysts recently issued reports on FORM shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 target price on shares of FormFactor in a research report on Monday, April 27th. Northland Securities set a $118.00 target price on FormFactor in a research report on Thursday, April 30th. Wall Street Zen raised FormFactor from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Stifel Nicolaus set a $135.00 target price on FormFactor in a research report on Thursday, April 30th. Finally, Loop Capital set a $64.00 target price on FormFactor in a research report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $132.45.

FormFactor Price Performance

The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. The firm has a market cap of $9.98 billion, a P/E ratio of 147.13 and a beta of 1.32. The business has a fifty day moving average of $119.87 and a 200 day moving average of $87.26.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The business had revenue of $226.14 million during the quarter, compared to analysts’ expectations of $225.54 million. During the same quarter last year, the company posted $0.23 earnings per share. FormFactor’s quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, sell-side analysts anticipate that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 11,294 shares of FormFactor stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $127.72, for a total transaction of $1,442,469.68. Following the completion of the transaction, the chief executive officer owned 449,565 shares in the company, valued at approximately $57,418,441.80. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of FormFactor stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $90.42, for a total value of $313,034.04. Following the transaction, the chief financial officer owned 11,140 shares of the company’s stock, valued at $1,007,278.80. The trade was a 23.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 40,971 shares of company stock worth $4,678,062. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of FormFactor during the fourth quarter worth approximately $25,000. UMB Bank n.a. boosted its holdings in shares of 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 during the period. Jones Financial Companies Lllp boosted its holdings in shares of FormFactor by 84.4% during the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 453 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of FormFactor by 547.8% during the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 882 shares during the period. Finally, Torren Management LLC bought a new stake in shares of FormFactor during the fourth quarter worth approximately $41,000. 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.