FormFactor (NASDAQ:FORM) Shares Gap Up – Time to Buy?

FormFactor, Inc. (NASDAQ:FORM) shares gapped up prior to trading on Tuesday . The stock had previously closed at $105.31, but opened at $112.75. FormFactor shares last traded at $109.7570, with a volume of 69,509 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FORM. B. Riley Financial upgraded 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. Cantor Fitzgerald restated an “overweight” rating and set a $175.00 price objective on shares of FormFactor in a research note on Monday, April 27th. TD Cowen lifted their price objective on shares of FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Northland Securities set a $118.00 target price on shares of FormFactor in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.45.

FormFactor Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. The company has a fifty day moving average price of $128.20 and a 200 day moving average price of $109.15. The company has a market capitalization of $8.71 billion, a P/E ratio of 128.67 and a beta of 1.22.

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

Insider Transactions at FormFactor

In other news, Director Brian C. White sold 3,250 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total transaction of $409,500.00. Following the completion of the transaction, the director owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. The trade was a 27.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the transaction, the director owned 29,073 shares of the company’s stock, valued at $4,404,268.77. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,534 shares of company stock valued at $4,864,118 over the last three months. 0.79% of the stock is currently owned by company insiders.

Institutional Trading of FormFactor

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of FormFactor by 4.0% in the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after purchasing an additional 108,487 shares during the period. Alliancebernstein L.P. boosted its position in shares of FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after buying an additional 73,644 shares during the period. Morgan Stanley grew its holdings in FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares in the last quarter. Geode Capital Management LLC increased its position in FormFactor by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock valued at $105,208,000 after acquiring an additional 7,150 shares during the period. Finally, Sei Investments Co. increased its position in FormFactor by 3.5% in the 3rd quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after acquiring an additional 55,101 shares during the period. 98.76% of the stock is currently owned by institutional investors.

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.