FormFactor (NASDAQ:FORM) Shares Gap Up – What’s Next?

FormFactor, Inc. (NASDAQ:FORM) shares gapped up before the market opened on Thursday . The stock had previously closed at $111.59, but opened at $119.95. FormFactor shares last traded at $122.7450, with a volume of 218,108 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FORM. TD Cowen raised their price objective on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Citigroup upped their target price on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Northland Securities set a $118.00 price target on FormFactor in a report on Thursday, April 30th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. 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 company. According to MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.45.

FormFactor Stock Performance

The firm’s 50 day moving average price is $132.47 and its 200-day moving average price is $106.60. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 135.08 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69.

FormFactor (NASDAQ:FORM) last released its earnings results 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 analysts’ expectations of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, analysts anticipate that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of FormFactor stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $126.47, for a total transaction of $484,127.16. Following the sale, the director directly owned 7,875 shares of the company’s stock, valued at $995,951.25. This trade represents a 32.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the sale, the director directly owned 8,653 shares in the company, valued at $1,090,278. The trade was a 27.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,828 shares of company stock valued at $6,306,587 in the last quarter. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FormFactor

A number of institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of FormFactor by 5,596.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock valued at $70,090,000 after buying an additional 1,234,488 shares in the last quarter. Morgan Stanley boosted its position in shares of FormFactor by 98.5% during 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 in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in FormFactor in the fourth quarter valued at about $60,495,000. Norges Bank bought a new stake in FormFactor in the fourth quarter valued at about $31,451,000. Finally, Channing Capital Management LLC lifted its stake in FormFactor by 115.5% during the fourth quarter. Channing Capital Management LLC now owns 1,000,729 shares of the semiconductor company’s stock worth $55,821,000 after purchasing an additional 536,448 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.