FormFactor, Inc.
In the published model solve dated 2026-Q2, anchored at $103.90, FormFactor, Inc. (FORM) is priced for today's economics sustained for ~26.0 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• A probe card is custom tooling built for one chip design, so revenue here tracks how many new designs enter test rather than how many chips ship, and the March quarter showed that split plainly: memory probe card revenue rose 69.7% year over year while the Systems business fell 19.9%. • Three customers each supplied more than a tenth of March-quarter revenue and together 39.7% of it, SK hynix alone 29.5% [Source: Q1 FY2026 Form 10-Q], so one memory customer's tooling cycle moves the whole prin
Is FORM overvalued? See what's priced in →
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: 2026-07-29 (items 2.02, 9.01); 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).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
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.