FormFactor, Inc. (NASDAQ:FORM) Sees Significant Decrease in Short Interest

FormFactor, Inc. (NASDAQ:FORMGet Free Report) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,043,126 shares, a decrease of 37.2% from the June 15th total of 3,253,513 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 2,452,667 shares, the short-interest ratio is currently 0.8 days.

Insider Activity at FormFactor

In other news, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the sale, the director directly owned 8,653 shares in the company, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 11,890 shares of FormFactor stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the completion of the sale, the chief executive officer owned 435,147 shares in the company, valued at approximately $52,805,088.45. This trade represents a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 38,534 shares of company stock valued at $4,864,118 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in FormFactor in the 4th quarter worth $25,000. UMB Bank n.a. boosted its stake in shares of FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Torren Management LLC bought a new position in shares of FormFactor in the fourth quarter worth about $41,000. Kestra Advisory Services LLC purchased a new stake in shares of FormFactor during the fourth quarter worth about $53,000. Finally, Clearstead Advisors LLC grew its position in shares of FormFactor by 58.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 389 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

FORM has been the topic of a number of research reports. Weiss Ratings downgraded shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Citigroup increased their price target on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Northland Securities set a $118.00 price target on shares of FormFactor in a research note on Thursday, April 30th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Thursday, June 11th. Finally, Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.45.

Get Our Latest Stock Analysis on FORM

FormFactor Stock Performance

Shares of NASDAQ:FORM traded down $0.76 during mid-day trading on Friday, reaching $106.35. 830,858 shares of the company traded hands, compared to its average volume of 1,731,947. The company’s 50 day moving average price is $129.96 and its 200-day moving average price is $108.48. The firm has a market cap of $8.29 billion, a PE ratio of 122.55 and a beta of 1.22. FormFactor has a 52 week low of $26.08 and a 52 week high of $160.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69.

FormFactor (NASDAQ:FORMGet Free Report) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The company had revenue of $226.14 million for the quarter, compared to analysts’ expectations of $225.54 million. During the same quarter last year, the business earned $0.23 EPS. The firm’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, equities analysts expect that FormFactor will post 2.03 EPS for the current fiscal year.

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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