FormFactor, Inc. (NASDAQ:FORM) Receives $132.45 Consensus Price Target from Brokerages

FormFactor, Inc. (NASDAQ:FORM) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $132.4545.

FORM has been the topic of several research reports. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Northland Securities set a $118.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price objective on the stock in a research report on Friday, June 5th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research report on Tuesday, May 12th. Finally, Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th.

FormFactor Stock Performance

NASDAQ:FORM opened at $130.24 on Friday. The business’s 50-day moving average price is $128.80 and its two-hundred day moving average price is $95.06. FormFactor has a twelve month low of $26.08 and a twelve month high of $159.09. The stock has a market cap of $10.15 billion, a P/E ratio of 149.70 and a beta of 1.26. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating 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 firm had revenue of $226.14 million for the quarter, compared to analysts’ expectations of $225.54 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities analysts predict that FormFactor will post 2.03 EPS for the current fiscal year.

Insider Activity at FormFactor

In related news, Director Sheri Rhodes sold 6,328 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was 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 of the company’s stock, valued at approximately $674,025. This trade represents a 54.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian C. White sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total value of $409,500.00. Following the transaction, the director directly owned 8,653 shares in the company, valued at approximately $1,090,278. This represents a 27.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,255 shares of company stock worth $6,855,514 in the last quarter. 0.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On FormFactor

A number of large investors have recently added to or reduced their stakes in FORM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in FormFactor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock worth $1,303,000 after purchasing an additional 2,001 shares during the period. Jones Financial Companies Lllp raised its position in FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 4,743 shares during the period. Goldman Sachs Group Inc. raised its position in FormFactor by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock worth $13,873,000 after purchasing an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in FormFactor by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock worth $4,922,000 after purchasing an additional 9,394 shares during the period. Finally, Intech Investment Management LLC raised its position in FormFactor by 18.1% in the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after purchasing an additional 8,194 shares during the period. 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.