FormFactor (NASDAQ:FORM) Director Sells $201,810.00 in Stock

FormFactor, Inc. (NASDAQ:FORM) Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was 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. The trade was a 7.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

FormFactor Price Performance

NASDAQ:FORM opened at $103.90 on Monday. FormFactor, Inc. has a 1 year low of $29.01 and a 1 year high of $160.27. 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 stock has a market cap of $8.10 billion, a price-to-earnings ratio of 71.16 and a beta of 1.24. The stock has a 50-day moving average price of $113.92 and a two-hundred day moving average price of $117.44.

FormFactor (NASDAQ:FORM) last announced its quarterly 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. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities analysts expect that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Cowen cut their price target on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Thursday, June 11th. Wall Street Zen cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

Institutional Investors Weigh In On FormFactor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in FormFactor by 16,039.9% in the second quarter. California State Teachers Retirement System now owns 14,465,988 shares of the semiconductor company’s stock valued at $2,313,545,000 after purchasing an additional 14,376,359 shares in the last quarter. BlackRock Inc. bought a new position in shares of FormFactor in the second quarter valued at $1,676,772,000. Andar Capital Management HK Ltd acquired a new position in FormFactor during the second quarter worth $27,000,000. Bank of America Corp DE raised its position in FormFactor by 4.0% during the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after acquiring an additional 108,487 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after acquiring an additional 73,644 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.