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

FormFactor, Inc. (NASDAQ:FORM)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $107.90, but opened at $112.41. FormFactor shares last traded at $108.6210, with a volume of 45,880 shares traded.

Analysts Set New Price Targets

FORM has been the topic of several research analyst reports. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Tuesday, May 12th. Evercore set a $150.00 target price on FormFactor in a report on Thursday, July 30th. Stifel Nicolaus set a $135.00 target price on FormFactor in a research report on Thursday, April 30th. Finally, Northland Securities set a $118.00 target price on FormFactor in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor currently has an average rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Stock Up 0.4%

The company’s 50 day moving average price is $120.21 and its two-hundred day moving average price is $117.14. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market cap of $8.43 billion, a PE ratio of 74.04 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. During the same period in the prior year, the business posted $0.27 EPS. FormFactor’s revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities research analysts expect that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 16,002 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $130.95, for a total value of $2,095,461.90. Following the transaction, the chief executive officer owned 484,204 shares of the company’s stock, valued at approximately $63,406,513.80. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the transaction, the director owned 29,073 shares of the company’s stock, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,020 shares of company stock valued at $4,756,017 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of FormFactor

Several hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV boosted its stake in shares of 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 acquiring an additional 157 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new position in FormFactor during the second quarter worth approximately $25,000. Blue Trust Inc. boosted its position in FormFactor by 1.9% during the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after purchasing an additional 196 shares in the last quarter. Persistent Asset Partners Ltd acquired a new stake in FormFactor in the second quarter valued at approximately $43,000. Finally, UMB Bank n.a. increased its position in shares of FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in 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.