Short Interest in FormFactor, Inc. (NASDAQ:FORM) Rises By 45.4%

FormFactor, Inc. (NASDAQ:FORM) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 3,281,396 shares, a growth of 45.4% from the December 15th total of 2,256,427 shares. Approximately 4.3% of the company’s stock are short sold. Based on an average daily volume of 1,008,820 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 1,008,820 shares, the days-to-cover ratio is currently 3.3 days. Approximately 4.3% of the company’s stock are short sold.

Insider Activity at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 2,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $49.85, for a total value of $99,700.00. Following the completion of the sale, the director directly owned 38,957 shares of the company’s stock, valued at approximately $1,942,006.45. This represents a 4.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mike Slessor sold 13,088 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $76.81, for a total value of $1,005,289.28. Following the completion of the transaction, the chief executive officer owned 472,907 shares of the company’s stock, valued at $36,323,986.67. This trade represents a 2.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,466 shares of company stock valued at $4,683,377 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently modified their holdings of FORM. State of Wyoming grew its stake in FormFactor by 18.4% in the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock worth $61,000 after buying an additional 261 shares in the last quarter. Arizona State Retirement System increased its position in shares of FormFactor by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 22,796 shares of the semiconductor company’s stock valued at $830,000 after purchasing an additional 335 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of FormFactor by 2.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after buying an additional 370 shares in the last quarter. Amalgamated Bank raised its holdings in shares of FormFactor by 1.9% during the 3rd quarter. Amalgamated Bank now owns 22,420 shares of the semiconductor company’s stock valued at $817,000 after buying an additional 411 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in FormFactor by 0.4% during the third quarter. Assenagon Asset Management S.A. now owns 116,154 shares of the semiconductor company’s stock valued at $4,230,000 after acquiring an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Price Performance

Shares of FORM traded up $3.03 during midday trading on Friday, hitting $78.31. 1,263,927 shares of the company traded hands, compared to its average volume of 965,383. The stock has a 50-day moving average of $57.83 and a 200-day moving average of $43.66. FormFactor has a one year low of $22.58 and a one year high of $78.56. The firm has a market cap of $6.07 billion, a P/E ratio of 150.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 3.46.

Analyst Ratings Changes

FORM has been the subject of a number of research analyst reports. Cowen restated a “hold” rating on shares of FormFactor in a report on Thursday, October 30th. TD Cowen lifted their price target on shares of FormFactor from $35.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Evercore ISI increased their price objective on FormFactor from $31.00 to $50.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of FormFactor in a research note on Wednesday, October 8th. Finally, Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $31.00 to $62.00 in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.88.

Key FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks Research raised multiple near-term EPS estimates and the firm’s FY outlook for FORM, and upgraded the stock to a “Strong-Buy” — Zacks bumped FY2026 EPS to $0.95 (from $0.88) and raised Q1/Q2/Q3 and FY2027 quarter estimates, signaling improving analyst confidence in the company’s near-term profitability. Zacks Research Note
• Positive Sentiment: Other recent analyst actions (upgrades/raised targets from firms including Citi, B. Riley and Stifel) and a skew of buy/hold ratings have supported momentum and likely contributed to buying interest. MarketBeat Analyst Coverage
• Neutral Sentiment: FormFactor confirmed its fiscal Q4 2025 earnings release and webcast for Feb. 4, 2026 — an event that will be a near-term catalyst (could drive further moves depending on results and guidance). Earnings Date Notice
• Neutral Sentiment: Media coverage highlighting why FORM is “soaring” today is amplifying attention; that can attract momentum traders but may not reflect fundamentals until results or guidance confirm the upgrade-driven expectations. MSN Coverage
• Negative Sentiment: CEO Mike Slessor sold 13,088 shares on Jan. 15 (part of a series of recent insider sales), which investors may view as a mild negative signal on insider conviction despite his remaining large holding. SEC filing: SEC Form 4

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.