FormFactor (NASDAQ:FORM) Stock Price Expected to Rise, Citigroup Analyst Says

FormFactor (NASDAQ:FORM) had its target price increased by Citigroup from $96.00 to $98.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Citigroup’s target price would suggest a potential upside of 8.54% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus upped their price target on shares of FormFactor from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday. Cantor Fitzgerald increased their target price on shares of FormFactor from $75.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. B. Riley Financial restated a “buy” rating on shares of FormFactor in a report on Thursday. Evercore upped their price target on FormFactor from $50.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday. Finally, DA Davidson set a $55.00 price objective on FormFactor in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.91.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $90.29 on Thursday. FormFactor has a 1 year low of $22.58 and a 1 year high of $92.58. The firm has a market cap of $7.00 billion, a P/E ratio of 130.86 and a beta of 1.11. The stock has a fifty day moving average price of $65.42 and a two-hundred day moving average price of $47.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.46 and a current ratio of 4.50.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The company had revenue of $215.16 million for the quarter, compared to the consensus estimate of $210.29 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Research analysts forecast that FormFactor will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 2,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $49.85, for a total transaction of $99,700.00. Following the sale, the director directly owned 38,957 shares of the company’s stock, valued at $1,942,006.45. The trade was a 4.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kelley Steven-Waiss sold 2,700 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $55.97, for a total value of $151,119.00. Following the completion of the sale, the director directly owned 32,779 shares of the company’s stock, valued at approximately $1,834,640.63. This trade represents a 7.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,466 shares of company stock valued at $4,683,377 in the last three months. 0.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FormFactor

Institutional investors and hedge funds have recently bought and sold shares of the business. State of New Jersey Common Pension Fund D grew its stake in shares of FormFactor by 9.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock valued at $2,106,000 after buying an additional 5,295 shares in the last quarter. SG Americas Securities LLC acquired a new stake in FormFactor in the third quarter valued at approximately $508,000. Bessemer Group Inc. lifted its stake in FormFactor by 25.0% in the second quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock valued at $14,841,000 after acquiring an additional 86,277 shares during the last quarter. Reinhart Partners LLC. grew its position in FormFactor by 26.3% in the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after acquiring an additional 500,156 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of FormFactor during the 2nd quarter worth $4,715,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Trending Headlines about FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q4 beat and HBM-driven strength — FORM reported Q4 EPS of $0.46 vs. consensus $0.35 and revenue of $215.16M (up ~13.6% YoY); management highlighted record HBM demand as a growth driver. Read More.
• Positive Sentiment: Raised Q1/2026 outlook — Management set Q1 EPS guidance of $0.410–$0.490 and revenue guidance of $220–$230M, well above Street estimates, signaling stronger near‑term revenue and margin expansion. Read More.
• Positive Sentiment: Analyst support — Citi raised its price target to $98 with a Buy rating, reinforcing the bullish case after the quarter and expectations for continued HBM/data‑center strength. Read More.
• Neutral Sentiment: Investor briefings and transcripts available — The full earnings‑call transcript and slide presentation provide color on product demand, supply chain cadence and margin drivers for investors doing deeper due diligence. Read More.
• Negative Sentiment: Mixed analyst signals — Evercore raised its target to $80 but kept an “in‑line” rating; that target sits below the recent market price, which could temper upside for some investors. Read More.
• Negative Sentiment: Short‑term skepticism in some coverage — A few outlets noted that despite beats and guidance, shares briefly dipped in parts of the session, reflecting profit‑taking or cautious positioning by some investors. Read More.

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.