FormFactor, Inc. (FORM) Stock Analysis
Breakout setup
Technology · Semiconductor Equipment & Materials
Hold if already holding. Not a fresh buy at $144.00, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: sole source suppliers; Analyst target reached - limited upside remaining.
FormFactor designs and manufactures probe cards, probe stations, thermal systems, and cryogenic systems for semiconductor testing across two segments (Probe Cards and Systems). One customer represented 22.9% of fiscal 2025 revenues; probe card sales account for the substantial... Read more
Hold if already holding. Not a fresh buy at $144.00, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: sole source suppliers; Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 53, MACD bullish. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.9/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, news boost analyst 0.70, news boost analyst cluster(5), earnings proximity 43d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-06-17Recent Developments — FormFactor, Inc.
Latest news
- NEWS FormFactor (NASDAQ:FORM) Reports Q1 In Line With Expectations, Stock Jumps 12.6% - StockStory — StockStory positive
- NEWS FORMFACTOR ($FORM) Releases Q1 2026 Earnings, Stock Rises - Quiver Quantitative — Quiver Quantitative positive
- NEWS FormFactor (FORM) Projected to Post Earnings on Wednesday - MarketBeat — MarketBeat positive
- NEWS Analysts Believe FormFactor (FORM) Is A Mid-Cap AI Stock That Could Go Much Higher - Yahoo Finance — Yahoo Finance positive
- NEWS Intech Investment Management LLC Increases Stock Holdings in FormFactor, Inc. $FORM - MarketBeat — MarketBeat positive
Generated 2026-06-17T09:51:49Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerSK hynix Inc.10-K Item 1: 'SK hynix Inc.| 19.2 | %| | 24.5 | %| | 25.0 | %| | 23.3 | %'
- MEDIUMProductprobe cards10-K Item 1A: 'We derive the majority of our revenues from the sale of our probe card products'
- HIGHSuppliersole source suppliers10-K Item 1A: 'We obtain some of the components and materials used in our products, such as printed circuit board assemblies, plating materials and ceramic substrates, from a sole source'
- LOWGeographicChina7.0%10-K Item 1: 'approximately 7% of our fiscal 2025 revenue and 14% of our fiscal 2024 revenue was derived from sales to customers in China'
Material Events(8-K, last 90d)
- 2026-05-19Item 5.02LOWAt the May 15, 2026 Annual Meeting, FormFactor stockholders approved an amendment to the 2012 Equity Incentive Plan increasing shares reserved for issuance by 5,000,000. Compensatory arrangement update; no officer departure or new appointment.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $144.00, but acceptable to hold if already in. Reasons: Concentration risk — Supplier: sole source suppliers; Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 53, MACD bullish. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $151.66 (+5.3%), stop $130.42 (−10.4%), A.R:R -0.7:1. Score 5.9/10, moderate confidence.
Take-profit target: $151.66 (+8.1% upside). Target $151.66 (+5.3%), stop $130.42 (−10.4%), A.R:R -0.7:1. Stop-loss: $130.42.
Concentration risk — Supplier: sole source suppliers; Analyst target reached - limited upside remaining; Leverage penalty (D/E 3.0): -1.5.
FormFactor, Inc. trades at a P/E of 160.6 (forward 54.7). TrendMatrix value score: 3.1/10. Verdict: Hold.
16 analysts cover FORM with a consensus score of 3.7/5. Average price target: $145.
What does FormFactor, Inc. do?FormFactor designs and manufactures probe cards, probe stations, thermal systems, and cryogenic systems for...
FormFactor designs and manufactures probe cards, probe stations, thermal systems, and cryogenic systems for semiconductor testing across two segments (Probe Cards and Systems). One customer represented 22.9% of fiscal 2025 revenues; probe card sales account for the substantial majority of revenues from foundry & logic and memory manufacturers.