FormFactor (NASDAQ:FORM) Shares Gap Up – Here’s What Happened

FormFactor, Inc. (NASDAQ:FORM)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $105.31, but opened at $112.75. FormFactor shares last traded at $109.7570, with a volume of 69,509 shares traded.

Wall Street Analyst Weigh In

FORM has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Zacks Research cut shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday. Northland Securities set a $118.00 price target on shares of FormFactor in a report on Thursday, April 30th. Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a research report on Thursday, April 30th. Finally, Citigroup upped their price target on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Trading Down 0.3%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The stock has a market cap of $8.84 billion, a P/E ratio of 130.33 and a beta of 1.22. The stock has a 50-day moving average price of $127.51 and a 200-day moving average price of $109.97.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The company had revenue of $226.14 million for the quarter, compared to analysts’ expectations of $225.54 million. During the same period in the prior year, the business earned $0.23 earnings per share. FormFactor’s revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities research analysts expect that FormFactor, Inc. will post 2.03 EPS for the current year.

Insider Transactions at FormFactor

In other news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the sale, the director owned 7,875 shares in the company, valued at approximately $995,951.25. This trade represents a 32.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian C. White sold 3,250 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total transaction of $409,500.00. Following the sale, the director owned 8,653 shares in the company, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 38,534 shares of company stock worth $4,864,118. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On FormFactor

A number of large investors have recently added to or reduced their stakes in the company. Everhart Financial Group Inc. purchased a new position in shares of FormFactor in the 2nd quarter worth about $207,000. MRA Advisory Group purchased a new position in shares of FormFactor during the 2nd quarter valued at about $658,000. GAMMA Investing LLC raised its holdings in shares of FormFactor by 9.1% during the 2nd quarter. GAMMA Investing LLC now owns 5,910 shares of the semiconductor company’s stock valued at $945,000 after buying an additional 495 shares in the last quarter. Empowered Funds LLC bought a new stake in FormFactor in the 1st quarter worth approximately $269,000. Finally, Parallel Advisors LLC lifted its position in FormFactor by 1,077.3% in the 1st quarter. Parallel Advisors LLC now owns 6,381 shares of the semiconductor company’s stock worth $619,000 after buying an additional 5,839 shares during the last quarter. Hedge funds and other institutional investors 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.