FormFactor, Inc. (NASDAQ:FORM) Sees Large Drop in Short Interest

FormFactor, Inc. (NASDAQ:FORM) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,461,058 shares, a decline of 14.7% from the February 12th total of 2,885,111 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,192,382 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 1,192,382 shares, the short-interest ratio is currently 2.1 days. Currently, 3.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FORM shares. Piper Sandler set a $100.00 target price on FormFactor in a report on Monday, February 2nd. Citigroup increased their price target on FormFactor from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Northland Securities set a $70.00 price objective on shares of FormFactor in a research report on Thursday, February 5th. TD Cowen lifted their price objective on shares of FormFactor from $50.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. Finally, Craig Hallum reissued a “buy” rating and set a $90.00 target price on shares of FormFactor in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.91.

Insiders Place Their Bets

In other news, Director Sheri Rhodes sold 7,634 shares of FormFactor stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $92.61, for a total value of $706,984.74. Following the completion of the transaction, the director directly owned 10,356 shares of the company’s stock, valued at approximately $959,069.16. This trade represents a 42.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $90.42, for a total value of $313,034.04. Following the completion of the transaction, the chief financial officer directly owned 11,140 shares in the company, valued at $1,007,278.80. This represents a 23.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 95,655 shares of company stock valued at $7,603,061 over the last quarter. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of FormFactor during the third quarter valued at approximately $508,000. Reinhart Partners LLC. boosted its position in FormFactor by 26.3% in the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after purchasing an additional 500,156 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in FormFactor by 24.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 76,376 shares of the semiconductor company’s stock worth $2,782,000 after purchasing an additional 15,186 shares during the last quarter. Edgestream Partners L.P. bought a new position in FormFactor in the 2nd quarter valued at $4,715,000. Finally, ProShare Advisors LLC increased its position in shares of FormFactor by 68.8% during the 3rd quarter. ProShare Advisors LLC now owns 29,336 shares of the semiconductor company’s stock valued at $1,068,000 after purchasing an additional 11,956 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Trading Down 0.2%

Shares of FormFactor stock opened at $94.55 on Wednesday. The stock has a market capitalization of $7.37 billion, a PE ratio of 138.55 and a beta of 1.03. FormFactor has a 52 week low of $22.58 and a 52 week high of $107.04. The stock has a 50 day moving average price of $85.16 and a two-hundred day moving average price of $60.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The company had revenue of $215.16 million for the quarter, compared to analysts’ expectations of $210.29 million. During the same period last year, the business earned $0.27 EPS. FormFactor’s quarterly revenue was up 13.6% compared to the same quarter last year. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. As a group, equities analysts anticipate that FormFactor will post 0.9 earnings per share for the current fiscal year.

About FormFactor

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.