FormFactor (NASDAQ:FORM) Stock Price Expected to Rise, Evercore ISI Analyst Says

Posted by Stacy Sanders on Feb 5th, 2026

FormFactor (NASDAQ:FORM – Get Free Report) had its price objective hoisted by stock analysts at Evercore ISI from $50.00 to $80.00 in a report released on Thursday, MarketBeat reports. The brokerage currently has an “in-line” rating on the semiconductor company’s stock. Evercore ISI’s price objective suggests a potential downside of 4.06% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. TD Cowen reissued a “hold” rating on shares of FormFactor in a report on Thursday. Freedom Capital upgraded FormFactor to a “hold” rating in a research report on Tuesday, January 27th. Itau BBA Securities raised shares of FormFactor to an “outperform” rating in a report on Tuesday, January 27th. DA Davidson set a $55.00 price target on shares of FormFactor in a report on Thursday, October 30th. Finally, Stifel Nicolaus lifted their price objective on shares of FormFactor from $42.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, FormFactor has an average rating of “Moderate Buy” and an average price target of $74.20.

View Our Latest Analysis on FormFactor

FormFactor Stock Performance

NASDAQ FORM traded up $11.82 during trading hours on Thursday, reaching $83.39. The stock had a trading volume of 1,420,218 shares, compared to its average volume of 1,524,983. FormFactor has a 52-week low of $22.58 and a 52-week high of $86.75. The stock has a fifty day moving average of $64.12 and a 200 day moving average of $47.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 4.30. The stock has a market cap of $6.46 billion, a P/E ratio of 160.53 and a beta of 1.11.

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

Insider Buying and Selling

In related news, Director Kelley Steven-Waiss sold 2,700 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total value of $151,119.00. Following the completion of the transaction, the director directly owned 32,779 shares of the company’s stock, valued at approximately $1,834,640.63. This represents a 7.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $76.81, for a total transaction of $1,005,289.28. Following the sale, the chief executive officer directly owned 472,907 shares of the company’s stock, valued at $36,323,986.67. The trade was a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 73,466 shares of company stock worth $4,683,377. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new stake in shares of FormFactor during the 3rd quarter worth approximately $25,000. Jones Financial Companies Lllp grew its position in FormFactor by 84.4% in 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. increased its stake 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 acquiring an additional 882 shares during the last quarter. Torren Management LLC purchased a new stake in FormFactor in the fourth quarter valued at $41,000. Finally, State of Wyoming lifted its stake in shares of FormFactor by 18.4% in the 3rd quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 261 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about FormFactor

Here are the key news stories impacting FormFactor this week:

Positive Sentiment: Q4 results beat expectations — GAAP EPS $0.46 vs. ~$0.35 est. and revenue $215.2M vs. ~$210.3M; company also reported record FY25 revenue, with Q4 results exceeding the high end of its outlook. FormFactor, Inc. Reports 2025 Fourth Quarter Results
Positive Sentiment: Stronger-than-expected Q1 guidance: EPS $0.410–0.490 (well above consensus) and revenue guidance ~ $220–230M (vs. ~$203M consensus); management flagged accelerating HBM and data‑center demand and gross‑margin expansion. FormFactor targets $225M Q1 revenue with continued gross margin expansion as HBM and data center demand accelerate
Positive Sentiment: Market coverage and analyst enthusiasm: multiple headlines highlight the beat and bullish outlook; at least one shop (Cantor Fitzgerald) has a positive forecast for price appreciation. Cantor Fitzgerald Forecasts Strong Price Appreciation for FormFactor (NASDAQ:FORM) Stock
Neutral Sentiment: Investors can review the earnings presentation, call transcript and slide deck for customer mix and margin details — useful for confirming whether HBM/data‑center traction will sustain. FormFactor, Inc. 2025 Q4 – Results – Earnings Call Presentation
Neutral Sentiment: Additional reporter summaries and earnings recaps (Zacks, Investing.com, MSN) echo the beats and guidance; they document the move but add little new fundamental information. FormFactor shares soar as Q4 earnings, revenue top estimates
Negative Sentiment: Valuation and margin context: shares now trade at a high trailing PE (~149) and the company’s ROE/net margin remain modest; sustained outperformance depends on continued HBM/data‑center demand and margin improvement — factors that can be cyclical.

FormFactor Company Profile

(Get Free Report)

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.