FormFactor (NASDAQ:FORM) Price Target Raised to $98.00

FormFactor (NASDAQ:FORM) had its target price raised by Citigroup from $96.00 to $98.00 in a research note issued to investors on Thursday,Benzinga reports. Citigroup currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts also recently commented on the stock. DA Davidson set a $55.00 target price on shares of FormFactor in a research note on Thursday, October 30th. Freedom Capital raised FormFactor to a “hold” rating in a research report on Tuesday, January 27th. Piper Sandler set a $100.00 price objective on FormFactor in a research note on Monday, February 2nd. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, Loop Capital set a $64.00 target price on FormFactor in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.91.

FormFactor Stock Performance

FormFactor stock opened at $90.29 on Thursday. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 130.86 and a beta of 1.11. FormFactor has a 12 month low of $22.58 and a 12 month high of $92.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.46. The stock’s 50-day moving average is $65.42 and its 200-day moving average is $47.93.

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 analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The business had revenue of $215.16 million during the quarter, compared to analysts’ expectations of $210.29 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Equities analysts anticipate that FormFactor will post 0.9 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other news, Director Dennis Thomas St sold 2,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $49.85, for a total transaction of $99,700.00. Following the completion of the transaction, the director directly owned 38,957 shares in the company, valued at approximately $1,942,006.45. This represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 13,088 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $76.81, for a total transaction of $1,005,289.28. Following the sale, the chief executive officer directly owned 472,907 shares of the company’s stock, valued at $36,323,986.67. The trade was a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,466 shares of company stock worth $4,683,377 in the last 90 days. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D boosted its holdings in shares of FormFactor by 9.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock valued at $2,106,000 after buying an additional 5,295 shares during the period. SG Americas Securities LLC bought a new position in FormFactor in the third quarter worth about $508,000. Bessemer Group Inc. boosted its stake in FormFactor by 25.0% in the second quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock valued at $14,841,000 after acquiring an additional 86,277 shares during the period. Reinhart Partners LLC. grew its holdings in shares of FormFactor by 26.3% during the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after purchasing an additional 500,156 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of FormFactor during the 2nd quarter worth approximately $4,715,000. 98.76% of the stock is currently owned by institutional investors.

Key FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Q4 beat and HBM-driven strength — FORM reported Q4 EPS of $0.46 vs. consensus $0.35 and revenue of $215.16M (up ~13.6% YoY); management highlighted record HBM demand as a growth driver. Read More.
• Positive Sentiment: Raised Q1/2026 outlook — Management set Q1 EPS guidance of $0.410–$0.490 and revenue guidance of $220–$230M, well above Street estimates, signaling stronger near‑term revenue and margin expansion. Read More.
• Positive Sentiment: Analyst support — Citi raised its price target to $98 with a Buy rating, reinforcing the bullish case after the quarter and expectations for continued HBM/data‑center strength. Read More.
• Neutral Sentiment: Investor briefings and transcripts available — The full earnings‑call transcript and slide presentation provide color on product demand, supply chain cadence and margin drivers for investors doing deeper due diligence. Read More.
• Negative Sentiment: Mixed analyst signals — Evercore raised its target to $80 but kept an “in‑line” rating; that target sits below the recent market price, which could temper upside for some investors. Read More.
• Negative Sentiment: Short‑term skepticism in some coverage — A few outlets noted that despite beats and guidance, shares briefly dipped in parts of the session, reflecting profit‑taking or cautious positioning by some investors. Read More.

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.