Sheri Rhodes Sells 6,328 Shares of FormFactor (NASDAQ:FORM) Stock

FormFactor, Inc. (NASDAQ:FORM) Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the sale, the director owned 5,375 shares of the company’s stock, valued at $674,025. This trade represents a 54.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FormFactor Stock Down 7.8%

FORM opened at $116.70 on Friday. 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 stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 134.14 and a beta of 1.26. The business has a 50-day moving average of $126.72 and a two-hundred day moving average of $92.69. FormFactor, Inc. has a 12 month low of $26.08 and a 12 month high of $159.09.

FormFactor (NASDAQ:FORM) last posted its quarterly 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 company had revenue of $226.14 million during the quarter, compared to analysts’ expectations of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The firm’s revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, research analysts expect that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on FORM. Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Evercore upgraded FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price for the company in a report on Friday. TD Cowen boosted their target price on FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. B. Riley Financial boosted their target price on FormFactor from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, FormFactor currently has a consensus rating of “Moderate Buy” and an average price target of $132.45.

Institutional Trading of FormFactor

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of FormFactor by 1,077.3% during the 1st quarter. Parallel Advisors LLC now owns 6,381 shares of the semiconductor company’s stock worth $619,000 after purchasing an additional 5,839 shares during the period. Glenmede Trust Co. NA purchased a new position in FormFactor in the 1st quarter worth approximately $322,000. Cim Investment Management Inc. boosted its holdings in FormFactor by 10.8% in the 1st quarter. Cim Investment Management Inc. now owns 5,071 shares of the semiconductor company’s stock worth $492,000 after acquiring an additional 493 shares during the period. Edgestream Partners L.P. purchased a new position in FormFactor in the 1st quarter worth approximately $4,450,000. Finally, Janus Henderson Group PLC boosted its holdings in FormFactor by 8.2% in the 1st quarter. Janus Henderson Group PLC now owns 35,569 shares of the semiconductor company’s stock worth $3,450,000 after acquiring an additional 2,700 shares during the period. 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.