Short Interest in FormFactor, Inc. (NASDAQ:FORM) Decreases By 37.2%

FormFactor, Inc. (NASDAQ:FORM) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 2,043,126 shares, a decrease of 37.2% from the June 15th total of 3,253,513 shares. Based on an average daily volume of 2,452,667 shares, the short-interest ratio is currently 0.8 days. Approximately 2.6% of the company’s shares are short sold.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $105.57 on Friday. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 121.35 and a beta of 1.22. The company has a 50-day moving average price of $129.12 and a 200-day moving average price of $108.46. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. FormFactor has a 12 month low of $26.08 and a 12 month high of $160.27.

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

Analyst Ratings Changes

FORM has been the topic of several analyst reports. Stifel Nicolaus set a $135.00 price objective on FormFactor in a report on Thursday, April 30th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Evercore upgraded FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a research report on Friday, June 5th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research note on Tuesday, May 12th. Finally, Citigroup boosted their price objective on FormFactor to $165.00 and gave the company a “buy” rating 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.45.

Insider Buying and Selling

In related news, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction on Monday, June 15th. The shares were 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 trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director directly owned 5,375 shares in the company, valued at approximately $674,025. This represents a 54.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,534 shares of company stock worth $4,864,118 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FormFactor

A number of large investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new position in shares of FormFactor during the fourth quarter valued at approximately $25,000. UMB Bank n.a. boosted its holdings in 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 acquiring an additional 281 shares in the last quarter. Torren Management LLC bought a new stake in FormFactor in the fourth quarter valued at $41,000. Kestra Advisory Services LLC purchased a new position in FormFactor during the 4th quarter valued at $53,000. Finally, Clearstead Advisors LLC increased its position in FormFactor by 58.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 389 shares during the period. 98.76% of the stock is currently owned by institutional investors.

FormFactor Company Profile

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.