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

FormFactor, Inc. (NASDAQ:FORM)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $116.70, but opened at $124.88. FormFactor shares last traded at $121.7510, with a volume of 103,988 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen boosted their target price on shares of FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Tuesday, May 12th. B. Riley Financial boosted their target price on shares of FormFactor from $145.00 to $165.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $135.00 target price on shares of FormFactor in a research report on Thursday, April 30th. Finally, Northland Securities set a $118.00 target price on shares of FormFactor in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Price Performance

The company’s 50-day moving average is $126.72 and its two-hundred day moving average is $93.00. 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 firm has a market cap of $9.68 billion, a P/E ratio of 143.31 and a beta of 1.26.

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

Insider Activity

In other FormFactor news, Director Dennis Thomas St sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $115.84, for a total transaction of $115,840.00. Following the completion of the transaction, the director owned 31,873 shares of the company’s stock, valued at approximately $3,692,168.32. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheri Rhodes sold 6,328 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the transaction, the director directly owned 5,375 shares of the company’s stock, valued at approximately $674,025. The trade was a 54.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 45,365 shares of company stock valued at $5,412,663. Corporate insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FORM. Los Angeles Capital Management LLC acquired a new position in FormFactor during the fourth quarter worth about $25,000. UMB Bank n.a. raised its stake in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Jones Financial Companies Lllp raised its stake in FormFactor by 84.4% during the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 453 shares in the last quarter. Hantz Financial Services Inc. raised its stake in FormFactor by 547.8% during the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 882 shares in the last quarter. Finally, Torren Management LLC acquired a new position in FormFactor during the fourth quarter worth about $41,000. 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.