FormFactor, Inc. (NASDAQ:FORM – Get Free Report)’s share price shot up 4.9% during trading on Wednesday . The company traded as high as $115.23 and last traded at $115.28. Approximately 422,476 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 1,626,219 shares. The stock had previously closed at $109.86.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FORM. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. Zacks Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Wall Street Zen cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Finally, TD Cowen dropped their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. One investment 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. Based on data from MarketBeat, FormFactor presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.45.
Read Our Latest Report on FORM
FormFactor Price Performance
FormFactor (NASDAQ:FORM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The firm had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts forecast that FormFactor, Inc. will post 2.7 EPS for the current year.
Insider Activity at FormFactor
In related news, Director Thomas St. Dennis sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the sale, the director owned 29,073 shares in the company, valued at approximately $4,404,268.77. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kelley Steven-Waiss sold 2,100 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the transaction, the director owned 24,426 shares of the company’s stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 20,902 shares of company stock valued at $2,721,444. Company insiders own 0.79% of the company’s stock.
Hedge Funds Weigh In On FormFactor
Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its stake in shares of FormFactor by 26.0% during the 2nd quarter. Tidal Investments LLC now owns 31,220 shares of the semiconductor company’s stock valued at $4,993,000 after acquiring an additional 6,440 shares during the last quarter. WINTON GROUP Ltd grew its holdings in FormFactor by 7.8% in the second quarter. WINTON GROUP Ltd now owns 4,362 shares of the semiconductor company’s stock valued at $698,000 after purchasing an additional 314 shares during the period. Pinnacle Wealth Management Advisory Group LLC acquired a new position in FormFactor during the second quarter worth approximately $208,000. Integrated Wealth Concepts LLC acquired a new position in FormFactor during the second quarter worth approximately $172,000. Finally, NewEdge Advisors LLC purchased a new position in FormFactor during the second quarter worth approximately $247,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
FormFactor Company Profile
FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.
The company’s product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.
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