FormFactor (NASDAQ:FORM) Shares Gap Up - Here's Why

Key Points

• FormFactor's shares gapped up from $38.36 to $40.37 before market opening, reflecting investor interest with a trading volume of 171,908 shares.
• Analysts have mixed opinions on FormFactor's stock, with price targets ranging from $31.00 to $47.00 and a consensus average target price of $40.43.
• Despite reporting a missed earnings estimate of $0.27 EPS for the last quarter, FormFactor's revenue exceeded expectations at $195.80 million, representing a slight decline from the previous year.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $38.36, but opened at $40.37. FormFactor shares last traded at $40.26, with a volume of 171,908 shares changing hands.

Analysts Set New Price Targets

FORM has been the subject of a number of recent research reports. Citigroup reissued a "neutral" rating and set a $31.00 price target (down from $36.00) on shares of FormFactor in a research report on Thursday, August 21st. Wall Street Zen raised shares of FormFactor from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Stifel Nicolaus reduced their target price on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of FormFactor in a report on Wednesday. Finally, B. Riley raised shares of FormFactor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $34.00 to $47.00 in a research report on Friday. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $40.43.

FormFactor Price Performance

The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 72.47 and a beta of 1.28. The company has a fifty day moving average price of $31.95 and a two-hundred day moving average price of $31.55. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The company had revenue of $195.80 million for the quarter, compared to analysts' expectations of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%.FormFactor's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, equities research analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total transaction of $118,200.00. Following the sale, the director directly owned 13,126 shares in the company, valued at $387,873.30. The trade was a 23.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kelley Steven-Waiss sold 3,600 shares of FormFactor stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the sale, the director owned 35,479 shares in the company, valued at $1,079,625.97. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB boosted its position in FormFactor by 282.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 547 shares during the period. AlphaQuest LLC raised its position in FormFactor by 96,900.0% during the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock valued at $27,000 after buying an additional 969 shares during the period. Headlands Technologies LLC acquired a new position in FormFactor during the first quarter valued at $42,000. EverSource Wealth Advisors LLC grew its stake in FormFactor by 208.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,843 shares of the semiconductor company's stock valued at $63,000 after purchasing an additional 1,246 shares in the last quarter. Finally, CWM LLC grew its stake in FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after purchasing an additional 382 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.

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