FormFactor (NASDAQ:FORM) Shares Gap Up – What’s Next?

FormFactor, Inc. (NASDAQ:FORM) gapped up prior to trading on Thursday . The stock had previously closed at $139.95, but opened at $149.01. FormFactor shares last traded at $153.3580, with a volume of 231,257 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on FORM. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Craig Hallum upgraded 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. Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $135.00 price objective on FormFactor in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.45.

FormFactor Stock Performance

The company has a 50 day moving average of $132.01 and a two-hundred day moving average of $97.60. 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 $11.51 billion, a PE ratio of 169.62 and a beta of 1.26.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. The business had revenue of $226.14 million during the quarter, compared to analyst estimates of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The company’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. 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 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total transaction of $409,500.00. Following the completion of the transaction, the director directly owned 8,653 shares in the company, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mike Slessor sold 11,890 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total value of $1,442,851.50. Following the completion of the sale, the chief executive officer owned 435,147 shares in the company, valued at $52,805,088.45. The trade was a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 49,828 shares of company stock valued at $6,306,587. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On FormFactor

A number of hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in FormFactor in the fourth quarter worth about $25,000. UMB Bank n.a. increased its position in shares of FormFactor by 128.9% during 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. Jones Financial Companies Lllp increased its position in shares of FormFactor by 84.4% during the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 453 shares in the last quarter. Torren Management LLC bought a new stake in shares of FormFactor during the fourth quarter valued at approximately $41,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of FormFactor during the fourth quarter valued at approximately $53,000. 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.