FormFactor (NASDAQ:FORM) Hits New 1-Year High – Should You Buy?

FormFactor, Inc. (NASDAQ:FORM) shares reached a new 52-week high on Tuesday . The company traded as high as $160.19 and last traded at $159.88, with a volume of 1061073 shares changing hands. The stock had previously closed at $144.17.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FORM shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a research report on Monday, April 27th. Northland Securities set a $118.00 target price on shares of FormFactor in a research report on Thursday, April 30th. Stifel Nicolaus set a $135.00 target price on shares of FormFactor in a research note on Thursday, April 30th. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. Finally, Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Price Performance

The stock has a market capitalization of $9.65 billion, a P/E ratio of 141.23 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The business has a fifty day simple moving average of $136.17 and a 200-day simple moving average of $103.93.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. The firm had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The company’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Sell-side analysts expect that FormFactor, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of FormFactor stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total value of $484,127.16. Following the sale, the director owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. The trade was a 32.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the transaction, the director directly owned 5,375 shares in the company, valued at $674,025. This represents a 54.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,828 shares of company stock valued at $6,306,587 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in FormFactor by 5,596.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock valued at $70,090,000 after purchasing an additional 1,234,488 shares during the last quarter. Morgan Stanley lifted its stake in shares of FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after acquiring an additional 1,127,146 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in FormFactor during the 4th quarter valued at about $60,495,000. Shannon River Fund Management LLC purchased a new position in FormFactor in the 3rd quarter worth approximately $35,260,000. Finally, Norges Bank bought a new stake in FormFactor in the fourth quarter valued at approximately $31,451,000. 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.