FormFactor (FORM) Stock Insights

FORM price $110.31 +3.46 +3.24%

Ticker
FORM
Price
$110.31
Change
+3.46 +3.24%
Market cap ?
$8.62B
P/E ?
68.32
Forward P/E ?
36.18
Dividend yield ?
0.00%
Beta ?
1.18
Sector
Technology
Industry
Semiconductors
Stocklytics score
62
Value
41
Quality
64
Growth
81

Stocklytics score rationale: value 41, quality 64, growth 81.

Financials

2016201720182019202020212022202320242025
383881000548441000529675000589464000693616000769674000747937000663102000763599000784993000

FormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems. Within the Probe Cards segment, FormFactor supplies crucial…

Fair value

FORM fair value $87.35. Price $110.31. Price is 26% above fair value.

Above fair value, around its usual premium.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 181.26M. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.80% (beta 1.2). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 78.12M. Net debt -58.48M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare FORM

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-10-281.040.86280.55M270.52M
2026-07-290.820.61258.24M240.00M
2026-04-290.560.45226.14M225.54M
2026-02-040.460.35215.16M210.56M
2025-10-290.330.25202.68M210.29M
2025-07-300.270.30195.80M199.42M
2025-04-300.230.19171.36M170.03M
2025-02-050.270.29189.48M190.12M
2024-10-300.350.31207.92M195.11M
2024-07-310.350.31197.47M194.99M
2024-05-010.180.19168.72M194.99M
2024-02-070.200.20168.16M165.29M
2023-11-010.220.17171.57M167.02M
2023-08-020.140.12155.92M162.32M
2023-05-030.160.13167.45M161.42M
2023-02-080.050.03165.99M155.39M
2022-10-260.240.22180.87M183.03M
2022-07-270.460.43203.91M203.12M
2022-04-270.490.39197.17M194.33M
2022-02-020.440.41205.00M198.17M
2021-10-270.400.36189.96M188.58M
2021-07-280.360.33188.08M188.58M
2021-04-280.380.39186.64M183.00M
2021-02-030.440.39197.04M183.95M
2020-10-280.390.35178.00M159.74M
2020-07-300.330.28157.82M133.91M
2020-05-060.330.21160.75M102.30M
2020-02-050.410.32178.63M139.42M
2019-10-300.220.21140.60M134.21M
2019-07-310.210.19138.02M124.87M
2019-05-010.200.18132.21M118.99M
2019-02-060.310.26140.89M118.16M
2018-10-310.260.23134.99M119.42M
2018-08-010.270.24135.51M120.44M
2018-05-020.170.16118.29M111.34M
2018-02-070.240.27131.90M148.39M
2017-10-310.340.33143.74M135.25M
2017-08-020.400.28143.98M97.20M
2017-05-030.240.20128.83M107.33M
2017-02-080.200.19123.89M111.51M

Dividends

Yield 0.00%. Payout ratio 0.00%. Frequency —.

Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.

Ex-dateDividendRecordPaymentFrequency
No data yet.

Insider trades

DateInsiderActionSharesPriceValue
2026-10-14SLESSOR MIKESell2.19K$124.23272.68K
2026-10-14SLESSOR MIKESell7.70K$125.36965.65K
2026-10-14SLESSOR MIKESell1.20K$125.92151.10K
2026-09-16SLESSOR MIKESell8.74K$104.26910.92K
2026-09-16SLESSOR MIKESell7.77K$105.12817.10K
2026-09-16SLESSOR MIKESell1.00K$105.80105.80K
2026-09-03STEVEN-WAISS KELLEYSell2.10K$96.10201.81K
2026-08-14SLESSOR MIKESell2.48K$128.72319.48K
2026-08-14SLESSOR MIKESell2.89K$129.55374.66K
2026-08-14SLESSOR MIKESell3.28K$130.54428.43K
2026-08-14SLESSOR MIKESell1.12K$131.65148.11K
2026-08-14SLESSOR MIKESell5.54K$132.50733.39K
2026-08-14SLESSOR MIKESell686$133.3391.46K
2026-08-07SLESSOR MIKEBuy141.79K——
2026-08-07SLESSOR MIKEBuy5.91K——
2026-08-07SLESSOR MIKESell3.29K$117.39385.98K
2026-08-07SLESSOR MIKESell78.91K$117.399.26M
2026-08-07SLESSOR MIKEBuy141.79K——
2026-08-07SLESSOR MIKESell5.91K——
2026-08-07SLESSOR MIKESell141.79K——
2026-08-06SLESSOR MIKEBuy27.70K——
2026-08-06McKinnis Aric BrendanBuy6.92K——
2026-08-06SLESSOR MIKEBuy6.03K——
2026-08-06SLESSOR MIKESell3.36K$115.21386.76K
2026-08-06SLESSOR MIKESell6.03K——
2026-08-06McKinnis Aric BrendanBuy1.10K——
2026-08-06McKinnis Aric BrendanSell274$115.2131.57K
2026-08-06McKinnis Aric BrendanSell1.10K——
2026-08-05SLESSOR MIKEBuy3.64K——
2026-08-05SLESSOR MIKESell2.03K$114.44232.08K
2026-08-05SLESSOR MIKESell3.64K——
2026-08-05McKinnis Aric BrendanBuy521——
2026-08-05McKinnis Aric BrendanSell130$114.4414.88K
2026-08-05McKinnis Aric BrendanSell521——
2026-07-15SLESSOR MIKESell1.04K$116.56121.34K
2026-07-15SLESSOR MIKESell1.65K$117.39193.69K
2026-07-15SLESSOR MIKESell706$118.2183.46K
2026-07-15SLESSOR MIKESell170$119.0820.24K
2026-07-15SLESSOR MIKESell300$120.5836.17K
2026-07-15SLESSOR MIKESell868$121.30105.29K
2026-06-16St Dennis ThomasSell740——
2026-06-15St Dennis ThomasSell2.80K$151.49424.17K
2026-06-10SLESSOR MIKESell1.40K$117.70164.66K
2026-06-10SLESSOR MIKESell767$119.0091.27K
2026-06-10SLESSOR MIKESell400$119.4647.78K
2026-06-10SLESSOR MIKESell975$121.00117.97K
2026-06-10SLESSOR MIKESell4.22K$121.72513.66K
2026-06-10SLESSOR MIKESell2.50K$122.63306.57K
2026-06-10SLESSOR MIKESell1.63K$123.37200.97K
2026-06-02McKinnis Aric BrendanBuy773——
2026-06-02McKinnis Aric BrendanSell193$125.1124.15K
2026-06-02McKinnis Aric BrendanSell773——
2026-06-02Rhodes SheriSell6.33K$125.40793.53K
2026-05-21Obregon-Jimenez RebecaSell3.83K$126.47484.15K
2026-05-20WHITE BRIAN CSell3.25K$126.00409.50K
2026-05-19St Dennis ThomasSell1.00K$115.84115.84K
2026-05-15St Dennis ThomasBuy1.35K——
2026-05-15Obregon-Jimenez RebecaBuy1.35K——
2026-05-15Rhodes SheriBuy1.35K——
2026-05-15STEVEN-WAISS KELLEYBuy1.35K——
2026-05-15Titinger JorgeBuy1.35K——
2026-05-15WHITE BRIAN CBuy1.35K——
2026-05-15STEVEN-WAISS KELLEYSell5.40K$125.60678.24K
2026-05-13Titinger JorgeSell4.01K$128.78516.30K
2026-05-13SLESSOR MIKESell700$122.8485.99K
2026-05-13SLESSOR MIKESell1.30K$123.72160.84K
2026-05-13SLESSOR MIKESell2.98K$124.71372.13K
2026-05-13SLESSOR MIKESell1.39K$125.58174.31K
2026-05-13SLESSOR MIKESell398$126.5950.38K
2026-05-13SLESSOR MIKESell100$127.4712.75K
2026-05-13SLESSOR MIKESell700$128.5289.96K
2026-05-13SLESSOR MIKESell700$129.3390.53K
2026-05-13SLESSOR MIKESell200$130.5726.11K
2026-05-13SLESSOR MIKESell200$132.6326.53K
2026-05-13SLESSOR MIKESell66$135.738.96K
2026-05-13SLESSOR MIKESell702$136.1595.58K
2026-05-07SLESSOR MIKEBuy5.91K——
2026-05-07SLESSOR MIKESell3.29K$144.68475.71K
2026-05-07SLESSOR MIKESell5.91K——
2026-05-06SLESSOR MIKEBuy6.03K——
2026-05-06SLESSOR MIKESell3.36K$149.12500.60K
2026-05-06SLESSOR MIKESell6.03K——
2026-05-06McKinnis Aric BrendanBuy1.10K——
2026-05-06McKinnis Aric BrendanSell274$149.1240.86K
2026-05-06McKinnis Aric BrendanSell1.10K——
2026-05-05SLESSOR MIKEBuy3.64K——
2026-05-05SLESSOR MIKESell2.03K$145.00294.06K
2026-05-05SLESSOR MIKESell3.64K——
2026-05-05McKinnis Aric BrendanBuy521——
2026-05-05McKinnis Aric BrendanSell130$145.0018.85K
2026-05-05McKinnis Aric BrendanSell521——
2026-04-15SLESSOR MIKESell1.83K$125.24228.69K
2026-04-15SLESSOR MIKESell900$126.58113.92K
2026-04-15SLESSOR MIKESell2.37K$127.65302.40K
2026-04-15SLESSOR MIKESell5.43K$128.56698.34K
2026-04-15SLESSOR MIKESell767$129.2299.11K
2026-03-18SLESSOR MIKESell1.90K$94.10178.79K
2026-03-18SLESSOR MIKESell5.50K$95.21523.18K
2026-03-18SLESSOR MIKESell2.83K$95.73271.11K
2026-03-05McKinnis Aric BrendanSell3.46K$90.42313.03K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 529, holders +117 vs prior quarter. Ownership 93.28%.

HolderSharesChangeChange %Value
BLACKROCK, INC.10.48M-1.76M-14.40%1.68B
VANGUARD PORTFOLIO MANAGEMENT LLC5.24M-637.80K-10.85%838.39M
EARNEST PARTNERS LLC3.76M-1.11M-22.81%601.85M
VANGUARD CAPITAL MANAGEMENT LLC3.52M42.76K+1.23%562.19M
STATE STREET CORP2.58M-346.66K-11.84%412.86M
POLAR CAPITAL HOLDINGS PLC2.15M-146.22K-6.38%343.23M
GEODE CAPITAL MANAGEMENT, LLC1.83M-354.86K-16.22%294.52M
BANK OF AMERICA CORP /DE/1.78M-697.42K-28.11%285.26M
PRIMECAP MANAGEMENT CO/CA/1.69M-98.53K-5.51%270.30M
INVESCO LTD.1.58M340.17K+27.47%252.45M
DIMENSIONAL FUND ADVISORS LP1.42M6.79K+0.48%226.84M
SEI INVESTMENTS CO1.34M-339.27K-20.17%214.79M
JANE STREET GROUP, LLC1.31M1.24M+1744.89%209.49M
FULLER & THALER ASSET MANAGEMENT, INC.1.18M47.26K+4.15%189.45M
NORGES BANK1.02M1.02MNew163.78M
MORGAN STANLEY899.95K-408.97K-31.24%143.93M
ALLIANCEBERNSTEIN L.P.1.46M-774.47K-34.71%141.32M
GF FUND MANAGEMENT CO. LTD.776.00K776.00KNew124.11M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.750.03K750.03KNew119.95M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC750.03K-197.52K-20.85%119.95M
PRICE T ROWE ASSOCIATES INC /MD/721.75K-118.88K-14.14%115.43M
TREMBLANT CAPITAL GROUP713.45K713.45KNew114.10M
MILLENNIUM MANAGEMENT LLC670.87K489.93K+270.77%107.29M
GOLDMAN SACHS GROUP INC661.40K-212.12K-24.28%105.78M
PICTET ASSET MANAGEMENT HOLDING SA654.00K654.00KNew104.33M

Insights

Revenue by product
PeriodValue
FY2012DRAM: 102499000.0, Flash: 29450000.0, SoC: 46586000.0
FY2013DRAM: 115597000.0, Flash: 92603000.0, SoC: 23333000.0
FY2014DRAM: 110800000.0, Flash: 15370000.0, SoC: 142360000.0
FY2015DRAM: 125512000.0, Flash: 11007000.0, SoC: 145839000.0
FY2016DRAM Product Group: 86910000.0, Flash Product Group: 13469000.0, Foundry & Logic Product Group: 237591000.0, Systems Product Group: 45911000.0
FY2017DRAM Product Group: 124685000.0, Flash Product Group: 16395000.0, Foundry & Logic Product Group: 313714000.0, Systems Product Group: 93647000.0
FY2018DRAM Product Group: 135333000.0, Flash Product Group: 40477000.0, Foundry & Logic Product Group: 258459000.0, Systems Product Group: 95406000.0
FY2019DRAM Product Group: 147257000.0, Flash Product Group: 25554000.0, Foundry & Logic Product Group: 318552000.0, Systems Product Group: 98101000.0
FY2020DRAM Product Group: 109734000.0, Flash Product Group: 25822000.0, Foundry & Logic Product Group: 446183000.0, Systems Product Group: 111877000.0
FY2021DRAM Product Group: 156049000.0, Flash Product Group: 41420000.0, Foundry & Logic Product Group: 435812000.0, Systems Product Group: 136393000.0
FY2022DRAM Product Group: 133446000.0, Flash Product Group: 48780000.0, Foundry & Logic Product Group: 409196000.0, Systems Product Group: 156515000.0
FY2023DRAM Product Group: 113779000.0, Flash Product Group: 20585000.0, Foundry & Logic Product Group: 363539000.0, Systems Product Group: 165199000.0
FY2024DRAM Product Group: 227422000.0, Flash Product Group: 17356000.0, Foundry & Logic Product Group: 381182000.0, Systems Product Group: 137639000.0
FY2025DRAM Product Group: 247397000.0, Flash Product Group: 20604000.0, Foundry & Logic Product Group: 369897000.0, Systems Product Group: 147095000.0
Revenue by region
PeriodValue
FY2024Systems Segment: 137639000.0
FY2025Systems Segment: 147095000.0

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FormFactor (FORM) Stock Insights

FORM$110.31+3.46 +3.24%

$8.62B

Market Cap

68.32

P/E

36.18

Forward P/E

62

Score

Price History