FormFactor (NASDAQ:FORM) Stock Price Up 4.9% – Still a Buy?

FormFactor, Inc. (NASDAQ:FORM)’s share price shot up 4.9% on Wednesday . The stock traded as high as $115.23 and last traded at $115.28. 422,476 shares were traded during trading, a decline of 74% from the average session volume of 1,626,219 shares. The stock had previously closed at $109.86.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of research analyst reports. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, June 11th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. TD Cowen lowered their price objective on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Wall Street Zen lowered FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The business has a 50-day simple moving average of $112.11 and a 200 day simple moving average of $117.61. The firm has a market cap of $8.91 billion, a P/E ratio of 78.19 and a beta of 1.24.

FormFactor (NASDAQ:FORM) last posted its 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 analysts’ expectations of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The business’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, analysts anticipate that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thomas St. Dennis sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the sale, the director directly owned 29,073 shares of the company’s stock, valued at approximately $4,404,268.77. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mike Slessor sold 16,002 shares of FormFactor stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the sale, the chief executive officer directly owned 484,204 shares in the company, valued at $63,406,513.80. The trade was a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 20,902 shares of company stock worth $2,721,444. 0.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FORM. Keating Financial Advisory Services Inc. purchased a new position in shares of FormFactor during the 2nd quarter worth approximately $25,000. Los Angeles Capital Management LLC bought a new stake in shares of FormFactor during the fourth quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the period. Persistent Asset Partners Ltd bought a new position in FormFactor in the second quarter worth $43,000. Finally, USA Financial Formulas purchased a new position in FormFactor during the first quarter valued at $46,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.