FormFactor Gains as Russell 1000 Addition and Growth Momentum Draw Attention

FormFactor (FORM) is up 11.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears most likely tied to FormFactor’s addition to the Russell 1000, which became effective when the U.S. market opened on June 29, 2026 and can trigger fresh buying from index-tracking funds. Investor interest also seems to be supported by the company’s strong recent execution, including record first-quarter revenue and guidance for another record quarter.

Details:

FormFactor announced on June 24 that it was added to the large-cap Russell 1000 as part of the 2026 index reconstitution, with the change effective at the June 29 market open.

Russell index membership can increase visibility and create mechanical demand because many institutional products benchmark or track those indexes.

In its latest quarterly release, FormFactor said first-quarter 2026 revenue reached a sequential record and non-GAAP earnings per share came in above the high end of its outlook range.

Management also guided for second-quarter revenue of about $240 million and said it expected another revenue record, reinforcing the stock’s growth narrative.

Sources:

FormFactor, Nasdaq, LSEG

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FORM Insider Trading Activity

$FORM insiders have traded $FORM stock on the open market 47 times in the past 6 months. Of those trades, 0 have been purchases and 47 have been sales.

Here’s a breakdown of recent trading of $FORM stock by insiders over the last 6 months:

MIKE SLESSOR (CEO) has made 0 purchases and 33 sales selling 104,207 shares for an estimated $9,447,753.
SHERI RHODES has made 0 purchases and 2 sales selling 13,962 shares for an estimated $1,500,504.
DENNIS THOMAS ST has made 0 purchases and 4 sales selling 11,231 shares for an estimated $1,237,366.
KELLEY STEVEN-WAISS has made 0 purchases and 2 sales selling 7,600 shares for an estimated $884,379.
BRIAN C WHITE has made 0 purchases and 2 sales selling 5,550 shares for an estimated $639,523.
JORGE TITINGER sold 4,009 shares for an estimated $516,299
REBECA OBREGON-JIMENEZ sold 3,828 shares for an estimated $484,146
ARIC BRENDAN MCKINNIS (CFO, SVP Global Finance) sold 3,462 shares for an estimated $313,034
KEVIN J BREWER sold 3,000 shares for an estimated $288,600

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FORM Hedge Fund Activity

We have seen 225 institutional investors add shares of $FORM stock to their portfolio, and 175 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

POLAR CAPITAL HOLDINGS PLC added 2,292,313 shares (+inf%) to their portfolio in Q1 2026, for an estimated $222,331,437
VICTORY CAPITAL MANAGEMENT INC added 1,234,488 shares (+5596.8%) to their portfolio in Q4 2025, for an estimated $68,859,740
CHANNING CAPITAL MANAGEMENT, LLC removed 993,149 shares (-99.2%) from their portfolio in Q1 2026, for an estimated $96,325,521
REINHART PARTNERS, LLC. removed 992,650 shares (-46.1%) from their portfolio in Q1 2026, for an estimated $96,277,123
SHANNON RIVER FUND MANAGEMENT LLC removed 968,161 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $54,004,020
MORGAN STANLEY removed 962,644 shares (-42.4%) from their portfolio in Q1 2026, for an estimated $93,366,841
EARNEST PARTNERS LLC removed 899,827 shares (-15.6%) from their portfolio in Q1 2026, for an estimated $87,274,220

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FORM Government Contracts

We have seen $129,002 of award payments to $FORM over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

ON-WAFER PROBES: $59,920
4CAST #: OU67-25-NEW-125 PROGRAMMABLE STAGE: $24,936
FORM FACTOR EPS150COAXPLUS 150MM PROBE SYSTEM: $23,557
SRVT2S: $20,588

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FORM Analyst Ratings

Wall Street analysts have issued reports on $FORM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Cantor Fitzgerald issued a "Overweight" rating on 02/02/2026

To track analyst ratings and price targets for $FORM, check out Quiver Quantitative's $FORM forecast page.

$FORM Price Targets

Multiple analysts have issued price targets for $FORM recently. We have seen 8 analysts offer price targets for $FORM in the last 6 months, with a median target of $152.5.

Here are some recent targets:

Craig Ellis from B. Riley Securities set a target price of $165.0 on 06/12/2026
Vedvati Shrotre from Evercore ISI Group set a target price of $155.0 on 06/05/2026
Christian Schwab from Craig-Hallum set a target price of $175.0 on 05/12/2026
Krish Sankar from TD Cowen set a target price of $150.0 on 04/30/2026
Elizabeth Sun from Citigroup set a target price of $165.0 on 04/30/2026
Matthew Prisco from Cantor Fitzgerald set a target price of $125.0 on 04/06/2026
Brian Chin from Stifel set a target price of $75.0 on 02/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.