FormFactor (NASDAQ:FORM) Shares Gap Up – Time to Buy?

FormFactor, Inc. (NASDAQ:FORM) gapped up prior to trading on Wednesday. The stock had previously closed at $136.25, but opened at $142.30. FormFactor shares last traded at $146.56, with a volume of 281,596 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Tuesday, September 22nd. Wall Street Zen cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, June 11th. Zacks Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $133.50.

FormFactor Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The firm has a fifty day moving average of $112.94 and a two-hundred day moving average of $120.20. The stock has a market capitalization of $11.62 billion, a P/E ratio of 102.31 and a beta of 1.24.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On FormFactor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new position in FormFactor during the 2nd quarter worth $285,257,000. The Manufacturers Life Insurance Company purchased a new stake in FormFactor in the second quarter valued at about $4,108,000. Public Employees Retirement System of Ohio acquired a new stake in FormFactor in the second quarter worth about $3,940,000. BlackRock Inc. acquired a new stake in FormFactor in the second quarter worth about $1,676,772,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of FormFactor during the second quarter worth about $2,047,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company’s offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.