FormFactor (NASDAQ:FORM) Trading 4.8% Higher - Here's Why

Key Points

• FormFactor shares rose 4.8% to approximately $137.91, despite trading volume running 96% below the average session level.
• The company delivered strong quarterly results, with EPS of $0.82 versus the $0.61 consensus and revenue of $258.24 million, up 31.9% year over year. Management guided for third-quarter EPS of $0.77–$0.95.
• Analyst sentiment remains positive overall, with six Buy ratings and five Holds producing a “Moderate Buy” consensus, while institutional ownership stands at 98.76%; however, insiders sold about $3.67 million of shares during the past quarter.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) shares were up 4.8% during trading on Monday . The stock traded as high as $138.72 and last traded at $137.9060. Approximately 72,105 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,679,483 shares. The stock had previously closed at $131.60.

Analyst Ratings Changes

A number of research firms have recently commented on FORM. Zacks Research downgraded FormFactor from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Citigroup boosted their price objective on FormFactor to $165.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of FormFactor in a report on Monday, July 27th. Craig Hallum upgraded 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. Finally, Northland Securities set a $118.00 price target on FormFactor in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, FormFactor currently has an average rating of "Moderate Buy" and an average target price of $127.45.

FormFactor Price Performance

The company has a market capitalization of $10.82 billion, a P/E ratio of 95.14 and a beta of 1.25. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The business has a 50 day simple moving average of $122.84 and a 200-day simple moving average of $114.74.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. The firm had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. FormFactor's revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Analysts predict that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the transaction, the director owned 29,073 shares in the company, valued at $4,404,268.77. This represents a 8.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director directly owned 5,375 shares of the company's stock, valued at approximately $674,025. This represents a 54.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 29,096 shares of company stock valued at $3,670,022. 0.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of FormFactor during the 2nd quarter worth $285,257,000. Tiptree Advisors LLC acquired a new position in shares of FormFactor in the 2nd quarter valued at $3,918,000. Man Group plc purchased a new position in FormFactor in the 2nd quarter worth about $20,124,000. Jupiter Topco LLC purchased a new position in shares of FormFactor in the second quarter worth approximately $5,692,000. Finally, Hsbc Holdings PLC purchased a new position in shares of FormFactor in the second quarter worth approximately $4,497,000. 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.

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