Key Points
- Director sale: FormFactor director Kelley Steven-Waiss sold 2,100 shares for $201,810, reducing his stake by 7.92% to 24,426 shares.
- Strong quarterly results: FormFactor reported quarterly EPS of $0.82, surpassing estimates of $0.61, while revenue rose 31.9% year over year to $258.24 million.
- Analyst outlook remains favorable: The stock has a “Moderate Buy” consensus rating and an average price target of $127.45, compared with its reported opening price of $103.90.
FormFactor, Inc. (NASDAQ:FORM - Get Free Report) Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the sale, the director owned 24,426 shares of the company's stock, valued at approximately $2,347,338.60. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
FormFactor Price Performance
FormFactor stock opened at $103.90 on Friday. FormFactor, Inc. has a 52 week low of $29.01 and a 52 week high of $160.27. The company's 50 day moving average price is $113.92 and its two-hundred day moving average price is $117.30. The stock has a market cap of $8.10 billion, a P/E ratio of 71.16 and a beta of 1.24. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01.
FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.21. The company had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.FormFactor's quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities analysts predict that FormFactor, Inc. will post 2.7 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on FORM shares. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of FormFactor in a research report on Monday, July 27th. Wall Street Zen downgraded shares of FormFactor from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 9th. Evercore set a $150.00 price objective on shares of FormFactor in a research report on Thursday, July 30th. Zacks Research upgraded shares of FormFactor from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. Finally, TD Cowen reduced their target price on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $127.45.
Read Our Latest Stock Analysis on FORM
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new position in shares of FormFactor during the 2nd quarter worth $25,000. Los Angeles Capital Management LLC bought a new stake in FormFactor in the 4th quarter valued at about $25,000. UMB Bank n.a. lifted its holdings in 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 purchasing an additional 281 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in FormFactor during the second quarter valued at about $43,000. Finally, USA Financial Formulas bought a new position in FormFactor during the first quarter worth about $46,000. Hedge funds and other institutional investors own 98.76% of the company's stock.
FormFactor Company Profile
(
Get Free Report)
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.
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