FormFactor (NASDAQ:FORM) Hits New 52-Week High – Here’s What Happened

FormFactor, Inc. (NASDAQ:FORM) reached a new 52-week high on Wednesday . The stock traded as high as $107.50 and last traded at $105.53, with a volume of 2281309 shares trading hands. The stock had previously closed at $97.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FORM shares. Craig Hallum reiterated a “buy” rating and issued a $90.00 price objective on shares of FormFactor in a report on Thursday, February 5th. Itau BBA Securities raised FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. Piper Sandler set a $100.00 target price on shares of FormFactor in a report on Monday, February 2nd. Cantor Fitzgerald upped their target price on shares of FormFactor from $75.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Finally, Stifel Nicolaus increased their price target on shares of FormFactor from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.91.

FormFactor Stock Up 8.6%

The company has a market capitalization of $8.22 billion, a PE ratio of 152.94 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.60 and a current ratio of 4.50. The company’s 50-day moving average is $88.05 and its 200 day moving average is $62.62.

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

Insider Buying and Selling

In related news, CEO Mike Slessor sold 39,606 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $65.00, for a total value of $2,574,390.00. Following the completion of the transaction, the chief executive officer directly owned 485,995 shares in the company, valued at $31,589,675. The trade was a 7.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $90.42, for a total value of $313,034.04. Following the completion of the transaction, the chief financial officer directly owned 11,140 shares in the company, valued at $1,007,278.80. This trade represents a 23.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 105,882 shares of company stock worth $8,576,161 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FormFactor

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. increased its holdings in FormFactor by 5,596.8% in 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 lifted its stake in FormFactor by 98.5% during the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after acquiring an additional 1,127,146 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of FormFactor during the 4th quarter valued at about $60,495,000. Westfield Capital Management Co. LP purchased a new stake in shares of FormFactor during the 3rd quarter valued at about $37,391,000. Finally, Shannon River Fund Management LLC bought a new stake in shares of FormFactor in the third quarter worth approximately $35,260,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.