FormFactor (NASDAQ:FORM) Shares Gap Up – Still a Buy?

FormFactor, Inc. (NASDAQ:FORM) gapped up before the market opened on Wednesday. The stock had previously closed at $136.25, but opened at $142.30. FormFactor shares last traded at $146.56, with a volume of 281,596 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FORM. TD Cowen decreased their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Wall Street Zen cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Evercore set a $150.00 price target on shares of FormFactor in a research note on Thursday, July 30th. Finally, Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, FormFactor presently has an average rating of “Moderate Buy” and an average target price of $133.50.

FormFactor Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The business has a 50-day simple moving average of $112.94 and a 200-day simple moving average of $120.20. The firm has a market capitalization of $11.62 billion, a PE ratio of 102.31 and a beta of 1.24.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The firm had revenue of $258.24 million during 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 company’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities research analysts expect that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 17,510 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total value of $1,833,822.30. Following the completion of the sale, the chief executive officer owned 466,694 shares in the company, valued at approximately $48,876,862.62. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of FormFactor stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the transaction, the director directly owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 35,612 shares of company stock worth $4,131,094. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Keating Financial Advisory Services Inc. purchased a new stake in shares of FormFactor in the second quarter worth approximately $25,000. Persistent Asset Partners Ltd purchased a new position in FormFactor during the 2nd quarter valued at $43,000. USA Financial Formulas bought a new position in FormFactor in the 1st quarter valued at $46,000. Clearstead Advisors LLC grew its position in FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 389 shares during the last quarter. Finally, Allworth Financial LP bought a new position in FormFactor in the 2nd quarter valued at $72,000. Institutional investors own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company’s offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.