FormFactor (NASDAQ:FORM) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• FormFactor shares rose above their 200-day moving average of $119.32, reaching $129.86 before closing at $129.04 on trading volume of roughly 930,000 shares.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $127.45; ratings range from Hold to Buy and Strong Buy.
• FormFactor reported stronger-than-expected quarterly results, posting adjusted EPS of $0.82 versus the $0.61 estimate and revenue of $258.24 million, up 31.9% year over year. Insiders have sold shares recently, while institutional investors own 98.76% of the company.

FormFactor, Inc. (NASDAQ:FORM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $119.32 and traded as high as $129.86. FormFactor shares last traded at $129.04, with a volume of 930,475 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FORM shares. B. Riley Financial raised shares of FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. TD Cowen decreased their target price on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating on the stock in a research note on Thursday, July 30th. Wall Street Zen lowered FormFactor from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 9th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of FormFactor in a report on Tuesday. Finally, Weiss Ratings upgraded FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.45.

FormFactor Stock Down 1.7%

The firm has a 50-day moving average of $111.50 and a two-hundred day moving average of $119.32. 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 company has a market capitalization of $10.06 billion, a PE ratio of 88.38 and a beta of 1.24.

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

Insider Activity

In other FormFactor news, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the transaction, the director owned 24,426 shares of the company's stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mike Slessor sold 17,510 shares of FormFactor stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total transaction of $1,833,822.30. Following the sale, the chief executive officer owned 466,694 shares of the company's stock, valued at approximately $48,876,862.62. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 35,612 shares of company stock valued at $4,131,094. 0.79% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

Institutional investors have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. acquired a new position in FormFactor during the second quarter worth $25,000. Persistent Asset Partners Ltd acquired a new stake in shares of FormFactor in the second quarter valued at $43,000. USA Financial Formulas purchased a new stake in shares of FormFactor in the 1st quarter valued at $46,000. Clearstead Advisors LLC raised its holdings in shares of FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company's stock valued at $59,000 after buying an additional 389 shares during the period. Finally, Allworth Financial LP acquired a new position in FormFactor during the 2nd quarter worth about $72,000. Institutional investors and hedge funds own 98.76% of the company's stock.

About FormFactor

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company's product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.

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