FormFactor (NASDAQ:FORM) Director Sells $793,531.20 in Stock

FormFactor, Inc. (NASDAQ:FORM) Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 5,375 shares in the company, valued at approximately $674,025. This represents a 54.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FormFactor Stock Performance

Shares of FORM stock opened at $116.70 on Friday. The firm’s 50 day moving average price is $126.72 and its 200-day moving average price is $92.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. FormFactor, Inc. has a one year low of $26.08 and a one year high of $159.09. The firm has a market cap of $9.10 billion, a P/E ratio of 134.14 and a beta of 1.26.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. During the same period in the prior year, the business posted $0.23 EPS. The business’s revenue for the quarter 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 research analysts predict that FormFactor, Inc. will post 2.03 EPS for the current year.

Institutional Investors Weigh In On FormFactor

A number of hedge funds have recently added to or reduced their stakes in FORM. Victory Capital Management Inc. lifted its holdings in FormFactor by 5,596.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock worth $70,090,000 after buying an additional 1,234,488 shares in the last quarter. Morgan Stanley increased its position in shares of FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after purchasing an additional 1,127,146 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of FormFactor in the 4th quarter valued at approximately $60,495,000. Westfield Capital Management Co. LP purchased a new stake in shares of FormFactor in the 3rd quarter valued at approximately $37,391,000. Finally, Shannon River Fund Management LLC purchased a new stake in shares of FormFactor in the 3rd quarter valued at approximately $35,260,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FORM. Citigroup upped their price objective on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 price objective on shares of FormFactor in a report on Monday, April 27th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, May 12th. B. Riley Financial increased their target price on shares of FormFactor from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.