FormFactor (FORM)

• Market cap: $2.33B
• 1 day: -1.01%
• 5 days: 7.35%
• 1 month: -12.92%
• 3 months: -9.16%
• 6 months: -19.97%
• Year to date: -31.59%
• 1 year: -35.35%
• 5 years: 6.03%
• 10 years: 354.20%
• Sector: Technology
• Industry: Semiconductor Equipment & Materials

About: FormFactor Inc is a provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test.. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.

Employees: 2,238

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

166% more call options, than puts

Call options by funds: $11M | Put options by funds: $4.16M

20% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 88

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]

0.85% less ownership

Funds ownership: 98.16% [Q4 2024] → 97.3% (-0.85%) [Q1 2025]

8% less funds holding

Funds holding: 299 [Q4 2024] → 275 (-24) [Q1 2025]

32% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 62

36% less capital invested

Capital invested by funds: $3.35B [Q4 2024] → $2.14B (-$1.21B) [Q1 2025]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $31 2% upside
• Avg. target: $31 2% upside
• High target: $31 2% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Stifel Brian Chin

2% upside $31

Hold Maintained

31 Jul 2025