FormFactor (NASDAQ:FORM) Price Target Raised to $110.00

Posted by Geri Gentry on Nov 1st, 2026

FormFactor (NASDAQ:FORM – Free Report) had its price objective hoisted by TD Cowen from $100.00 to $110.00 in a research note published on Thursday,Benzinga reports. The firm currently has a hold rating on the semiconductor company’s stock.

FORM has been the topic of several other research reports. B. Riley Financial reissued a “buy” rating on shares of FormFactor in a research note on Monday, October 19th. Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Stifel Nicolaus set a $115.00 target price on shares of FormFactor in a research note on Tuesday, October 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a report on Tuesday, September 22nd. Finally, Wall Street Zen cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, FormFactor has an average rating of “Moderate Buy” and a consensus price target of $139.73.

View Our Latest Research Report on FORM

FormFactor Trading Down 10.2%

NASDAQ:FORM opened at $87.53 on Thursday. FormFactor has a 1-year low of $47.33 and a 1-year high of $160.27. The business’s 50-day moving average price is $116.24 and its two-hundred day moving average price is $113.43. The company has a current ratio of 3.68, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 39.97 and a beta of 1.18.

FormFactor (NASDAQ:FORM – Get Free Report) last posted its earnings results on Wednesday, October 28th. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.18. The company had revenue of $280.55 million during the quarter, compared to analyst estimates of $270.52 million. FormFactor had a return on equity of 18.40% and a net margin of 17.72%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. On average, equities analysts expect that FormFactor will post 2.95 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the transaction, the director owned 24,426 shares in the company, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 11,098 shares of the stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $125.20, for a total value of $1,389,469.60. Following the transaction, the chief executive officer owned 455,596 shares of the company’s stock, valued at approximately $57,040,619.20. This trade represents a 2.38% 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 46,710 shares of company stock worth $5,520,564 over the last ninety days. 0.79% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in FormFactor during the second quarter worth about $1,676,772,000. Andar Capital Management HK Ltd acquired a new position in FormFactor during the second quarter valued at approximately $27,000,000. Bank of America Corp DE bought a new position in FormFactor in the second quarter valued at approximately $285,257,000. Primecap Management Co. CA bought a new position in FormFactor in the second quarter valued at approximately $270,300,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of FormFactor during the 2nd quarter worth approximately $103,844,000. 98.76% of the stock is currently owned by institutional investors.

FormFactor News Roundup

Here are the key news stories impacting FormFactor this week:

Positive Sentiment: FormFactor reported third-quarter revenue of $280.5 million, up 38.4% year over year, while non-GAAP earnings reached $1.04 per share versus the $0.86 consensus estimate. Revenue, gross margin and earnings exceeded the high end of management’s outlook. FormFactor’s Q3 Earnings Beat Estimates, Revenues Increase Y/Y
Positive Sentiment: Demand for probe cards, DRAM, photonics and foundry and logic applications is benefiting from AI-driven chip complexity. Growth in HBM4 testing and co-packaged optics could support longer-term expansion. FORM’s HBM and Foundry Testing Gain From AI Demand
Positive Sentiment: Analysts at Zacks characterized FORM as more attractive than Cohu because of its stronger profitability, cash generation and established AI-related revenue, while Zacks also added the stock to its Rank #1 Strong Buy list. FORM vs. COHU: Which Semiconductor Testing Stock is a Better Buy?
Neutral Sentiment: Fourth-quarter guidance calls for revenue of $275 million to $295 million and EPS of $0.86 to $1.04, both above consensus at the midpoint for EPS but implying only modest sequential revenue growth.
Negative Sentiment: Investors are concerned that FormFactor’s existing manufacturing footprint is approaching capacity limits. Productivity gains may moderate until the Farmers Branch, Texas, facility ramps, while start-up inefficiencies are expected to pressure near-term profitability and gross margins. FormFactor Sinks Despite Record Quarter as Factory Nears Capacity Limits
Negative Sentiment: Recent trading data showed substantial insider selling, with no reported insider purchases over the past six months, adding a cautious signal for investors.

About FormFactor

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FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.