FormFactor (NASDAQ:FORM) Given New $98.00 Price Target at Citigroup

FormFactor (NASDAQ:FORM) had its price objective raised by stock analysts at Citigroup from $96.00 to $98.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price objective suggests a potential upside of 16.85% from the company’s previous close.

Several other brokerages also recently weighed in on FORM. B. Riley reaffirmed a “buy” rating on shares of FormFactor in a report on Thursday. Freedom Capital raised FormFactor to a “hold” rating in a research report on Tuesday, January 27th. Itau BBA Securities raised FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. TD Cowen upped their price target on shares of FormFactor from $50.00 to $80.00 and gave the company a “hold” rating in a report on Thursday. Finally, DA Davidson set a $55.00 target price on shares of FormFactor in a research note on Thursday, October 30th. One equities research 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.91.

FormFactor Price Performance

NASDAQ:FORM traded up $12.30 during mid-day trading on Thursday, hitting $83.87. 3,791,506 shares of the stock traded hands, compared to its average volume of 1,634,526. The company has a market cap of $6.50 billion, a PE ratio of 161.29 and a beta of 1.11. FormFactor has a 12-month low of $22.58 and a 12-month high of $86.75. The business’s 50-day moving average price is $64.12 and its 200 day moving average price is $47.20. The company has a quick ratio of 3.46, a current ratio of 4.30 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.35 by $0.11. FormFactor had a return on equity of 5.10% and a net margin of 5.38%.The firm had revenue of $215.16 million for the quarter, compared to the consensus estimate of $210.29 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. On average, analysts expect that FormFactor will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Kelley Steven-Waiss sold 2,700 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $55.97, for a total value of $151,119.00. Following the completion of the sale, the director directly owned 32,779 shares in the company, valued at approximately $1,834,640.63. This represents a 7.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $99,700.00. Following the transaction, the director directly owned 38,957 shares of the company’s stock, valued at $1,942,006.45. This represents a 4.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,466 shares of company stock worth $4,683,377 in the last three months. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FormFactor

Several large investors have recently modified their holdings of FORM. Salomon & Ludwin LLC bought a new stake in FormFactor during the third quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in 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 buying an additional 453 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in 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 buying an additional 882 shares during the last quarter. Torren Management LLC purchased a new stake in FormFactor during the fourth quarter valued at about $41,000. Finally, State of Wyoming lifted its holdings in shares of FormFactor by 18.4% in the third 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. 98.76% of the stock is owned by institutional investors.

Key Stories Impacting FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q4 results beat expectations: delivered $0.46 EPS vs. $0.35 consensus and $215.2M revenue (vs. $210.3M est.). Management also reported record FY revenue of $785M and said Q4 EPS and gross margin exceeded the high end of outlook ranges, supporting a bullish fundamental narrative. Read More.
• Positive Sentiment: Very strong Q1 guidance: company set EPS guidance of $0.410–$0.490 vs. ~ $0.27 consensus and revenue guidance of $220–$230M (vs. ~$202.8M est.), signalling accelerating demand (notably HBM and data‑center test) that likely drove the rally. Read More.
• Positive Sentiment: Management commentary and earnings presentation emphasized strategic growth areas (HBM, data center) and margin expansion, giving investors confidence in sustainable revenue/earnings improvement. Read More.
• Neutral Sentiment: Analyst activity: Evercore ISI raised its price target substantially from $50 to $80 (while keeping an “in‑line” rating), which validates better outlook but still leaves limited upside relative to the intraday price—mixed signal for near‑term momentum. Read More.
• Neutral Sentiment: Cantor Fitzgerald and other research pieces have published bullish commentary on longer‑term appreciation potential; useful for conviction but less immediate than the beat + guidance. Read More.
• Negative Sentiment: Some outlets noted intraday weakness or profit-taking after the print despite the beat — possible reasons include elevated valuation (trailing P/E is high), short-term rotation, or investors already pricing in the Q1 upside. This can create volatility even after a strong report. Read More.

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.