Northland Securities Lifts Earnings Estimates for FormFactor

FormFactor, Inc. (NASDAQ:FORM) – Investment analysts at Northland Securities lifted their Q3 2026 earnings per share (EPS) estimates for shares of FormFactor in a research report issued to clients and investors on Thursday, February 5th. Northland Securities analyst G. Richard now expects that the semiconductor company will post earnings per share of $0.35 for the quarter, up from their previous estimate of $0.33. The consensus estimate for FormFactor’s current full-year earnings is $0.90 per share. Northland Securities also issued estimates for FormFactor’s Q1 2027 earnings at $0.39 EPS, Q2 2027 earnings at $0.38 EPS, Q3 2027 earnings at $0.34 EPS and FY2027 earnings at $1.39 EPS.

Other equities analysts have also recently issued reports about the stock. DA Davidson set a $55.00 price objective on shares of FormFactor in a research report on Thursday, October 30th. Piper Sandler set a $100.00 price target on shares of FormFactor in a report on Monday, February 2nd. Loop Capital set a $64.00 price target on FormFactor in a research note on Tuesday, January 27th. Itau BBA Securities upgraded FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. Finally, Stifel Nicolaus upped their target price on FormFactor from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and a consensus target price of $80.91.

FormFactor Stock Up 7.7%

FORM stock opened at $90.29 on Monday. The firm has a 50-day moving average price of $65.42 and a 200-day moving average price of $48.02. FormFactor has a 12 month low of $22.58 and a 12 month high of $92.58. The company has a current ratio of 4.50, a quick ratio of 3.60 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $7.00 billion, a P/E ratio of 130.86 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $210.29 million. During the same period last year, the firm posted $0.27 earnings per share. FormFactor’s revenue was up 13.6% compared to the same quarter last year. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS.

Insider Activity

In other FormFactor news, Director Kelley Steven-Waiss sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $55.97, for a total transaction of $151,119.00. Following the completion of the transaction, the director owned 32,779 shares in the company, valued at approximately $1,834,640.63. This trade represents a 7.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis Thomas St sold 2,000 shares of the business’s 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 owned 38,957 shares in the company, valued at $1,942,006.45. This trade represents a 4.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 73,466 shares of company stock valued at $4,683,377. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several hedge funds and other institutional investors have recently bought and sold shares of FORM. State of New Jersey Common Pension Fund D boosted its position in shares of FormFactor by 9.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock worth $2,106,000 after purchasing an additional 5,295 shares in the last quarter. SG Americas Securities LLC acquired a new position in FormFactor during the 3rd quarter worth approximately $508,000. Bessemer Group Inc. boosted its holdings in FormFactor by 25.0% in the second quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock worth $14,841,000 after acquiring an additional 86,277 shares in the last quarter. Reinhart Partners LLC. grew its stake in FormFactor by 26.3% in the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock valued at $87,585,000 after acquiring an additional 500,156 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of FormFactor during the second quarter valued at approximately $4,715,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

More 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.

About FormFactor

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.