FormFactor (NASDAQ:FORM) Issues Quarterly Earnings Results

FormFactor (NASDAQ:FORM) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21, FiscalAI reports. The firm had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%. FormFactor updated its Q3 2026 guidance to 0.770-0.950 EPS.

FormFactor Price Performance

Shares of NASDAQ FORM traded down $4.78 on Wednesday, hitting $83.45. The company’s stock had a trading volume of 2,432,168 shares, compared to its average volume of 1,718,059. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 95.92 and a beta of 1.22. FormFactor has a 12-month low of $26.08 and a 12-month high of $160.27. The stock has a 50 day moving average of $125.81 and a 200-day moving average of $111.06.

Insider Buying and Selling at FormFactor

In other news, Director Brian C. White sold 3,250 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total transaction of $409,500.00. Following the completion of the sale, the director directly owned 8,653 shares in the company, valued at $1,090,278. This represents a 27.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. The trade was a 54.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 38,534 shares of company stock valued at $4,864,118. 0.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

A number of hedge funds have recently bought and sold shares of FORM. Virtu Financial LLC acquired a new position in FormFactor during the 4th quarter worth $397,000. T. Rowe Price Investment Management Inc. boosted its position in FormFactor by 210,121.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 359,479 shares of the semiconductor company’s stock worth $20,052,000 after acquiring an additional 359,308 shares during the period. Invesco Ltd. lifted its stake in shares of FormFactor by 6.4% in the 4th quarter. Invesco Ltd. now owns 332,927 shares of the semiconductor company’s stock worth $18,571,000 after acquiring an additional 20,052 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of FormFactor by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after buying an additional 157 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in FormFactor by 43.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 34,275 shares of the semiconductor company’s stock worth $1,912,000 after buying an additional 10,418 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Stifel Nicolaus set a $135.00 target price on shares of FormFactor in a report on Thursday, April 30th. Evercore upgraded FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price for the company in a report on Friday, June 5th. TD Cowen boosted their price target 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. Citigroup upped their price objective on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research report on Monday. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and a consensus price target of $132.45.

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.