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

Shares of FormFactor, Inc. (NASDAQ:FORM) gapped up prior to trading on Wednesday . The stock had previously closed at $116.33, but opened at $121.38. FormFactor shares last traded at $113.1320, with a volume of 314,293 shares traded.

Analyst Upgrades and Downgrades

FORM has been the subject of several recent analyst reports. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Thursday, June 11th. TD Cowen lifted their price target on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Citigroup upped their price objective on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research raised 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 research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, FormFactor currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Price Performance

The business has a fifty day moving average price of $131.38 and a 200-day moving average price of $107.72. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.69 billion, a PE ratio of 128.25 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $226.14 million for 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%.FormFactor’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Research analysts expect that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 11,890 shares of FormFactor stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the transaction, the chief executive officer directly owned 435,147 shares of the company’s stock, valued at approximately $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 38,534 shares of company stock valued at $4,864,118. Insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of FormFactor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after buying an additional 2,001 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 4,743 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in FormFactor by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after acquiring an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in FormFactor by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after acquiring an additional 9,394 shares during the period. Finally, Intech Investment Management LLC grew its position in FormFactor by 18.1% during the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after acquiring an additional 8,194 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.