FormFactor (NASDAQ:FORM) Trading Up 8.2% - Should You Buy?

Key Points

• FormFactor shares rallied about 8.2% to $133.91 on Monday with trading volume ~17% above average, after closing the prior session at $123.80.
• The company beat Q4 estimates with EPS of $0.46 (vs. $0.35 est.) and revenue of $215.16M (vs. $210.29M), reported 13.6% revenue growth year‑over‑year, and guided Q1 2026 EPS of $0.41–$0.49.
• Despite recent price-target increases from some analysts, the MarketBeat consensus is a Moderate Buy with a consensus target of $87.91—well below the current price—and insiders have sold roughly 66,276 shares (~$6.0M) in the past 90 days.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report) was up 8.2% during trading on Monday . The company traded as high as $133.54 and last traded at $133.9120. Approximately 1,718,968 shares were traded during trading, an increase of 17% from the average daily volume of 1,469,083 shares. The stock had previously closed at $123.80.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FORM shares. Stifel Nicolaus raised their price objective on shares of FormFactor from $65.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, February 5th. Evercore raised their price objective on shares of FormFactor from $50.00 to $80.00 and gave the stock an "in-line" rating in a research note on Thursday, February 5th. Piper Sandler set a $100.00 price objective on shares of FormFactor in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of FormFactor in a research note on Thursday, January 22nd. Finally, B. Riley Financial reaffirmed a "neutral" rating and set a $130.00 price objective (up from $100.00) on shares of FormFactor in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $87.91.

FormFactor Stock Up 6.0%

The business's 50 day moving average is $95.83 and its 200-day moving average is $69.30. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 190.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50.

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

Insider Transactions at FormFactor

In related news, Director Brian C. White sold 2,300 shares of FormFactor stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $100.01, for a total value of $230,023.00. Following the sale, the director owned 10,556 shares of the company's stock, valued at approximately $1,055,705.56. This trade represents a 17.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin J. Brewer sold 3,000 shares of FormFactor stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $96.20, for a total transaction of $288,600.00. Following the completion of the sale, the director directly owned 8,105 shares in the company, valued at $779,701. This represents a 27.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 66,276 shares of company stock worth $6,001,771 in the last ninety days. Company insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On FormFactor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its stake in FormFactor by 23.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,622 shares of the semiconductor company's stock worth $258,000 after purchasing an additional 891 shares during the last quarter. Virtu Financial LLC acquired a new stake in FormFactor during the 4th quarter worth $397,000. T. Rowe Price Investment Management Inc. boosted its stake in FormFactor by 210,121.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 359,479 shares of the semiconductor company's stock worth $20,052,000 after purchasing an additional 359,308 shares during the last quarter. Invesco Ltd. boosted its stake in FormFactor by 6.4% during the 4th quarter. Invesco Ltd. now owns 332,927 shares of the semiconductor company's stock worth $18,571,000 after purchasing an additional 20,052 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in FormFactor by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company's stock worth $419,000 after purchasing an additional 157 shares during the last quarter. 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.

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