FormFactor (NASDAQ:FORM) Shares Gap Up – Here’s Why

FormFactor, Inc. (NASDAQ:FORM)’s share price gapped up prior to trading on Friday . The stock had previously closed at $38.36, but opened at $40.37. FormFactor shares last traded at $40.26, with a volume of 171,908 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FORM. B. Riley upgraded FormFactor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $34.00 to $47.00 in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of FormFactor in a research note on Wednesday. Citigroup reiterated a “neutral” rating and issued a $31.00 price target (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Wall Street Zen upgraded FormFactor from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, Stifel Nicolaus cut their price target on FormFactor from $34.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, FormFactor has a consensus rating of “Hold” and an average price target of $40.43.

FormFactor Stock Down 0.6%

The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $32.13 and a 200-day moving average price of $31.60. The stock has a market capitalization of $2.94 billion, a P/E ratio of 68.11 and a beta of 1.28.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). FormFactor had a return on equity of 5.57% and a net margin of 5.75%.The firm had revenue of $195.80 million during the quarter, compared to the consensus estimate of $190.17 million. During the same period last year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. As a group, research analysts forecast that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value of $118,200.00. Following the completion of the transaction, the director owned 13,126 shares in the company, valued at approximately $387,873.30. This trade represents a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kelley Steven-Waiss sold 3,600 shares of FormFactor stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the completion of the transaction, the director owned 35,479 shares of the company’s stock, valued at approximately $1,079,625.97. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Earnest Partners LLC grew its position in FormFactor by 0.3% in the first quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company’s stock worth $171,299,000 after acquiring an additional 18,039 shares in the last quarter. Bank of America Corp DE grew its position in FormFactor by 4.0% in 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. Bank of New York Mellon Corp grew its position in FormFactor by 170.2% in the second quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock worth $72,069,000 after acquiring an additional 1,319,345 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in FormFactor by 82.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock worth $55,554,000 after acquiring an additional 885,617 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its stake in FormFactor by 64.8% in the second quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after purchasing an additional 749,088 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.