FormFactor, Inc.
At today's price, FormFactor, Inc. (FORM) is priced for today's economics sustained for ~29.0 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
FormFactor's moat is its position as the largest probe-card maker in the world, the company memory and logic chipmakers rely on to test wafers before shipment. The product is custom-engineered to each customer's chip layout, which makes it sticky, and that stickiness is the source of the franchise. The price near $149.45 is rich on any trailing measure, working out to a very high multiple of operating income because margins are coming off a cyclical low. The inversion reads it as elevated, impl
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380 institutional managers reported holding FORM in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 54%. 93 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 3.3M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (2.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FORM's share count grew 0.5% over the past five years even with $181.76M spent on repurchases. It pays no dividend. Cash returned over the past three years: $99.35M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FORM over the trailing three years. Absence is a fact about the company, not a signal. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FORM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | -4.7% | +1.7% |
| 2023-11-08 | -2.2% | +7.9% |
| 2024-02-24 | +2.1% | +8.6% |
| 2024-05-08 | +16.1% | +9.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FORM's latest 8-K filings: 2026-05-19 (items 5.02, 5.03, 5.07, 9.01); 2026-04-29 (items 2.02, 9.01); 2026-02-18 (items 5.02, 7.01, 9.01); 2026-02-04 (items 2.02, 9.01); 2026-01-09 (items 2.05, 2.06).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.