FormFactor (NASDAQ:FORM) Sets New 1-Year High - What's Next?

Key Points

• FormFactor hit a new 52-week high—the stock traded as high as $136.00 and last at $128.22 on a volume of about 4.19 million shares, giving the company roughly a $10 billion market cap.
• Quarterly results beat estimates—the company reported $0.46 EPS (vs. $0.35 expected) and $215.16M revenue (vs. $210.29M), and set Q1 2026 guidance of $0.41–$0.49 per share.
• Analyst views and insider activity are mixed—MarketBeat shows a "Moderate Buy" consensus price target of $87.91 (well below current levels) even as several firms raised targets recently, while insiders sold about 66,276 shares (~$6.0M) over the past 90 days.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $136.00 and last traded at $128.22, with a volume of 4191473 shares. The stock had previously closed at $123.80.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FORM. Citigroup boosted their price objective on FormFactor from $96.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Northland Securities set a $70.00 price objective on FormFactor in a report on Thursday, February 5th. Evercore boosted their price objective on FormFactor from $50.00 to $80.00 and gave the stock an "in-line" rating in a report on Thursday, February 5th. B. Riley Financial restated a "neutral" rating and set a $130.00 price objective (up from $100.00) on shares of FormFactor in a report on Monday. Finally, Stifel Nicolaus boosted their price objective on FormFactor from $65.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor has a consensus rating of "Moderate Buy" and a consensus price target of $87.91.

FormFactor Stock Up 3.6%

The company has a market cap of $10.00 billion, a price-to-earnings ratio of 185.83 and a beta of 1.04. The company has a current ratio of 4.50, a quick ratio of 3.60 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $96.97 and a two-hundred day moving average price of $69.95.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.11. The company had revenue of $215.16 million for the quarter, compared to the consensus estimate of $210.29 million. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The firm's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. On average, equities analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Brian C. White sold 5,500 shares of the company's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $90.95, for a total value of $500,225.00. Following the transaction, the director owned 12,856 shares in the company, valued at $1,169,253.20. This represents a 29.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $90.42, for a total value of $313,034.04. Following the completion of the transaction, the chief financial officer owned 11,140 shares in the company, valued at $1,007,278.80. This represents a 23.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 66,276 shares of company stock worth $6,001,771 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new position in FormFactor in the third quarter worth approximately $25,000. Los Angeles Capital Management LLC acquired a new position in FormFactor in the fourth quarter worth approximately $25,000. UMB Bank n.a. increased its holdings in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company's stock worth $28,000 after buying an additional 281 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in FormFactor by 84.4% in the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company's stock worth $35,000 after buying an additional 453 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in FormFactor by 547.8% in the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company's stock worth $38,000 after buying an additional 882 shares during the last quarter. Institutional investors and hedge funds 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.

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