FormFactor, Inc. (NASDAQ:FORM) Stock Has Consensus Target Price of $133.50 According to Brokerages

FormFactor, Inc. (NASDAQ:FORM) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $131.83.

Several equities research analysts recently weighed in on the company. TD Cowen reduced their price target on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Stifel Nicolaus set a $115.00 price target on shares of FormFactor in a research note on Tuesday. Weiss Ratings cut shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a research note on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on FormFactor in a research note on Wednesday, September 30th. They issued a “buy” rating and a $200.00 price target on the stock.

FormFactor Stock Performance

NASDAQ:FORM opened at $119.71 on Friday. The stock has a market cap of $9.33 billion, a P/E ratio of 81.99 and a beta of 1.18. The firm’s fifty day simple moving average is $120.44 and its 200 day simple moving average is $123.53. FormFactor has a twelve month low of $40.60 and a twelve month high of $160.27. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The business had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same period in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, research analysts predict that FormFactor will post 2.70 EPS for the current year.

Insider Activity at FormFactor

In related news, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the sale, the director directly owned 24,426 shares of the company’s stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $1,833,822.30. Following the sale, the chief executive officer directly owned 466,694 shares in the company, valued at approximately $48,876,862.62. The trade was a 3.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 46,710 shares of company stock worth $5,520,564. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On FormFactor

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in FormFactor during the second quarter valued at $1,676,772,000. Andar Capital Management HK Ltd acquired a new position in shares of FormFactor during the second quarter valued at approximately $27,000,000. Bank of America Corp DE acquired a new position in shares of FormFactor during the second quarter valued at approximately $285,257,000. Primecap Management Co. CA purchased a new position in shares of FormFactor in the second quarter valued at approximately $270,300,000. Finally, Reinhart Partners LLC. lifted its position in shares of FormFactor by 3.1% in the third quarter. Reinhart Partners LLC. now owns 659,667 shares of the semiconductor company’s stock valued at $98,495,000 after acquiring an additional 19,745 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Company Profile

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.