FormFactor (NASDAQ:FORM) Shares Up 6.4% – Should You Buy?

Shares of FormFactor, Inc. (NASDAQ:FORM) rose 6.4% during trading on Monday. The company traded as high as $113.00 and last traded at $111.7060. 127,670 shares were traded during trading, a decline of 92% from the average session volume of 1,647,792 shares. The stock had previously closed at $105.01.

Analysts Set New Price Targets

FORM has been the topic of several research analyst reports. Evercore set a $150.00 price objective on shares of FormFactor in a research note on Thursday, July 30th. TD Cowen decreased their price target on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. B. Riley Financial reaffirmed a “buy” rating on shares of FormFactor in a research report on Monday. Finally, Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, FormFactor has an average rating of “Moderate Buy” and an average price target of $131.83.

FormFactor Stock Performance

The firm has a market cap of $8.86 billion, a P/E ratio of 77.84 and a beta of 1.18. The stock’s 50 day moving average is $120.16 and its two-hundred day moving average is $123.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. The company 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 business earned $0.27 earnings per share. The company’s quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities analysts predict that FormFactor, Inc. will post 2.70 EPS for the current year.

Insider Transactions at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,100 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the transaction, the director owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 17,510 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total value of $1,833,822.30. Following the completion of the sale, the chief executive officer owned 466,694 shares of the company’s stock, valued at approximately $48,876,862.62. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 46,710 shares of company stock worth $5,520,564. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in FormFactor in the second quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd bought a new position in FormFactor during the second quarter worth about $27,000,000. Bank of America Corp DE bought a new position in FormFactor during the second quarter worth about $285,257,000. Primecap Management Co. CA acquired a new position in shares of FormFactor during the 2nd quarter worth about $270,300,000. Finally, Reinhart Partners LLC. increased its stake in shares of FormFactor by 3.1% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.