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FormFactor, Inc. (FORM)

Technology | Semiconductor Equipment & Materials | Livermore, United States | NasdaqGS
137.21 USD +9.53 (7.464%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 137.50 +0.29 (0.211%) ⇧ (April 17, 2026, 7:58 p.m. EDT)

Short-term: ★★★★☆ | Long-term: ★★★☆☆ | Dividends: ★★☆☆☆
Hot Take | April 19, 2026, 1:15 a.m. EDT

While fundamental valuation is stretched with a 185x Trailing PE, the risk/reward structure is currently inverted for a short-term play due to aggressive insider selling by the CEO hedging positions. However, the sophisticated money (options speculators) is overwhelmingly bullish, with massive Call positioning around the 130-150 range completely devoid of hedging, driving a strong momentum rating despite the lack of a dividend yield.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.164015
MSTL0.255064
AutoETS0.271177
AutoARIMA0.271177

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 58%
H-stat 2.27
Ljung-Box p 0.000
Jarque-Bera p 0.924
Excess Kurtosis -0.28
Attribute Value
Sector Technology
Debt to Equity Ratio 3.125
Revenue per Share 10.149
Market Cap 10,696,129,536
Trailing P/E 198.86
Forward P/E 61.50
Beta 1.04
Profit Margins 6.93%
Website https://www.formfactor.com

As of April 19, 2026, 1:15 a.m. EDT: Options market shows heavy Call positioning (OTM Vol/OI ratio of 0.24 max, heavily skewed towards upside strikes like 150.0 and 155.0) compared to Puts (OTM Vol/OI ratio of 0.06 max). Significant Call OI walls exist at 155.0 (July) and 130.0 (May), suggesting floor for upside expansion. Put activity is concentrated deep out of the money (30-130 strikes) with no In-The-Money (ITM) Put volume, indicating a lack of defensive hedging or bearish conviction. Implied Volatility is elevated for deep out-of-the-money calls (160%+ at far strikes), signaling speculative bullish bets rather than insurance.


Info Dump

Attribute Value
52 Week Change 4.4905963
Address1 7,005 Southfront Road
All Time High 138.28
All Time Low 3.7
Ask 137.68
Ask Size 10
Audit Risk 4
Average Analyst Rating 2.4 - Buy
Average Daily Volume10 Day 1,788,010
Average Daily Volume3 Month 1,561,003
Average Volume 1,561,003
Average Volume10Days 1,788,010
Beta 1.037
Bid 136.86
Bid Size 8
Board Risk 5
Book Value 13.335
City Livermore
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 137.21
Current Ratio 4.497
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 138.28
Day Low 130.865
Debt To Equity 3.125
Display Name FormFactor
Earnings Call Timestamp End 1,777,494,300
Earnings Call Timestamp Start 1,777,494,300
Earnings Growth 1.318
Earnings Quarterly Growth 1.392
Earnings Timestamp 1,777,492,800
Earnings Timestamp End 1,777,492,800
Earnings Timestamp Start 1,777,492,800
Ebitda 100,328,000
Ebitda Margins 0.12781
Enterprise To Ebitda 104.141
Enterprise To Revenue 13.31
Enterprise Value 10,448,307,200
Eps Current Year 1.85444
Eps Forward 2.23111
Eps Trailing Twelve Months 0.69
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 100.5046
Fifty Day Average Change 36.705406
Fifty Day Average Change Percent 0.36521122
Fifty Two Week Change Percent 449.05963
Fifty Two Week High 138.28
Fifty Two Week High Change -1.0699921
Fifty Two Week High Change Percent -0.0077378657
Fifty Two Week Low 23.79
Fifty Two Week Low Change 113.420006
Fifty Two Week Low Change Percent 4.7675495
Fifty Two Week Range 23.79 - 138.28
Financial Currency USD
First Trade Date Milliseconds 1,055,424,600,000
Float Shares 77,287,591
Forward Eps 2.23111
Forward P E 61.498535
Free Cashflow -31,925,876
Full Exchange Name NasdaqGS
Full Time Employees 2,153
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.39183998
Gross Profits 307,593,984
Has Pre Post Market Data 1
Held Percent Insiders 0.00728
Held Percent Institutions 0.98083
Implied Shares Outstanding 77,954,440
Industry Semiconductor Equipment & Materials
Industry Disp Semiconductor Equipment & Materials
Industry Key semiconductor-equipment-materials
Ir Website http://investors.formfactor.com/index.cfm
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,766,793,600
Long Business Summary FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally. The company operates in two segments: Probe Cards and Systems segments. The company provides probe cards to test various semiconductor device types, including systems- on-chip products, such as graphics, central, digital processing units, and other custom application-specific processing units; mobile application processors, microprocessors, and microcontrollers; network devices, which include switches and network processing units; dynamic random-access memory; radio-frequency amplifiers and filters; antenna-in-package devices; analog and mixed-signal integrated circuits; image sensors; co-packaged optical integrated circuits; NAND flash memory; NOR flash memory; and quantum computer processor devices. It also offers analytical probes, which are used for device characterization, electrical simulation model development, failure analysis, and prototype design debugging; probe stations, a critical tool for the development of new generations of semiconductor and electro-optical processes and designs; and thermal subsystems, which include thermal chucks and other test systems used in probe stations and other applications for precise temperature management. In addition, the company provides cryogenic systems, which includes the manufacture of precision cryogenic instruments and semiconductor test and measurement systems; and services and support, including installation services. Further, it offers on-site probe card maintenance and service training, seminars, and telephone support services. It markets and sells its products through direct sales force, manufacturers' representatives, and distributors. The company was incorporated in 1993 and is headquartered in Livermore, California.
Long Name FormFactor, Inc.
Market us_market
Market Cap 10,696,129,536
Market State CLOSED
Max Age 86,400
Message Board Id finmb_28648
Most Recent Quarter 1,766,793,600
Net Income To Common 54,361,000
Next Fiscal Year End 1,798,329,600
Non Diluted Market Cap 10,696,128,712
Number Of Analyst Opinions 9
Open 133.75
Operating Cashflow 115,398,000
Operating Margins 0.13552
Overall Risk 3
Payout Ratio 0.0
Peg Ratio 1.39
Phone 925 290 4000
Post Market Change 0.2899933
Post Market Change Percent 0.21134995
Post Market Price 137.5
Post Market Time 1,776,470,314
Previous Close 127.68
Price Eps Current Year 73.99
Price Hint 2
Price To Book 10.289464
Price To Sales Trailing12 Months 13.625764
Profit Margins 0.06925
Quick Ratio 3.253
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.4
Region US
Regular Market Change 9.53001
Regular Market Change Percent 7.46398
Regular Market Day High 138.28
Regular Market Day Low 130.865
Regular Market Day Range 130.865 - 138.28
Regular Market Open 133.75
Regular Market Previous Close 127.68
Regular Market Price 137.21
Regular Market Time 1,776,456,001
Regular Market Volume 1,607,607
Return On Assets 0.03308
Return On Equity 0.054819997
Revenue Growth 0.136
Revenue Per Share 10.149
Sand P52 Week Change 0.38150132
Sector Technology
Sector Disp Technology
Sector Key technology
Share Holder Rights Risk 4
Shares Outstanding 77,954,440
Shares Percent Shares Out 0.0376
Shares Short 2,928,410
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 2,461,058
Short Name FormFactor, Inc.
Short Percent Of Float 0.0533
Short Ratio 2.22
Source Interval 15
State CA
Symbol FORM
Target High Price 150.0
Target Low Price 64.0
Target Mean Price 96.0
Target Median Price 80.0
Total Cash 275,172,000
Total Cash Per Share 3.532
Total Debt 32,358,000
Total Revenue 784,993,024
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.69
Trailing P E 198.85509
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 59.6363
Two Hundred Day Average Change 77.57371
Two Hundred Day Average Change Percent 1.30078
Type Disp Equity
Volume 1,607,607
Website https://www.formfactor.com
Zip 94,551