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FormFactor, Inc. (FORM) Stock Analysis

SellVALUE-TRAP 3/5High Confidence

Technology · Semiconductor Equipment & Materials

Sell if holding. At $119.80, A.R:R 0.5:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.4%; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9).

FormFactor is a semiconductor test and measurement company making probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems for chipmakers worldwide through two segments: Probe Cards and Systems. Customer concentration is high, with SK hynix... Read more

$119.80+7.4% A.UpsideScore 5.6/10#9 of 25 Semiconductor Equipment & Materials
QualityF-score8 / 9FCF yield-0.01%
Stop $109.00Target $125.86(analyst − 13%)A.R:R 0.5:1
Analyst target$144.67+20.8%9 analysts
$125.86our TP
$119.80price
$144.67mean
$64
$175

Sell if holding. At $119.80, A.R:R 0.5:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.4%; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Score 5.6/10, high confidence.

Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 70d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.

Recent Developments — FormFactor, Inc.

Generated 2026-05-20T20:21:21Z.

Thesis

Rewards
Strong earnings beat streak (3/4)
Strong growth profile
Risks
Thin upside margin: 7.4%
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9)
Sector modifier (Technology): -0.8

Key Metrics

P/E (TTM)134.7
P/E (Fwd)43.1
Mkt Cap$9.1B
EV/EBITDA64.5
Profit Mgn8.1%
ROE6.8%
Rev Growth32.0%
Beta1.32
DividendNone
Rating analysts16

Quality Signals

Piotroski F8/9MoatNarrow

Options Flow

P/C0.56bullish
IV84%elevated
Max Pain$65-45.7% vs spot

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

1 floor-breaker·1 ceiling hit

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Macd
0.0
Volume
0.7
Obv
1.0
Ma Position
4.0
Rsi
7.9
Uptrend pullback (RSI 36) - buy opportunityVolume distribution (falling OBV)Above 200-day MA
GatesMomentum 2.7<4.5A.R:R 0.5 < 1.5@spotInsider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 70d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
36 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $112.31Resistance $159.09

Price Targets

$109
$126
A.Upside+5.1%
A.R:R0.5:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeRisk-Off

Risk Alerts

! Momentum score 2.7/10 — below 4.5 minimum
! Reward/Risk 0.5:1 at current price — below 1.5:1 minimum

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-07-29 (70d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is FORM stock a buy right now?

Sell if holding. At $119.80, A.R:R 0.5:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.4%; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Prior stop was $109.00. Score 5.6/10, high confidence.

What is the FORM stock price target?

Take-profit target: $125.86 (+7.4% upside). Prior stop was $109.00. Stop-loss: $109.00.

What are the risks of investing in FORM?

Thin upside margin: 7.4%; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9); Sector modifier (Technology): -0.8.

Is FORM overvalued or undervalued?

FormFactor, Inc. trades at a P/E of 134.7 (forward 43.1). TrendMatrix value score: 4.3/10. Verdict: Sell.

What do analysts say about FORM?

16 analysts cover FORM with a consensus score of 3.6/5. Average price target: $145.

What does FormFactor, Inc. do?FormFactor is a semiconductor test and measurement company making probe cards, analytical probes, probe stations,...

FormFactor is a semiconductor test and measurement company making probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems for chipmakers worldwide through two segments: Probe Cards and Systems. Customer concentration is high, with SK hynix representing 19-25% of revenues each quarter throughout fiscal 2025.

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