FORM · NASDAQ · STOCK
FormFactor, Inc.
$121.06
52W $27.00 – $160.27
62/100
$9.44B
81.8
1.25
Is FORM Bullish or Bearish?
Bullish.
Innellis AI committee rates FormFactor, Inc. (FORM) Buy with a composite score of 62/100
, based on 6 analysts with 50% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +12.95 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -7.05 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Value Analyst remains cautious — p/e of 77.1 is expensive by classic value standards. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- EPS growing 156.2% YoY — Growth
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.01) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- News sentiment is positive (+0.20 across 16 articles, 14d) — News
Bear Case
- P/E of 77.1 is expensive by classic value standards — Value
- Price-to-book of 4.3x prices in significant intangible value — Value
- Bollinger bandwidth of 35.8% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
62/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 32%
of 284 Technology peers
Value Analyst
bearish
40
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− P/E of 77.1 is expensive by classic value standards
Growth Analyst
bullish
75
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ EPS growing 156.2% YoY
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.01) -- balance sheet can absorb a shock
− Bollinger bandwidth of 35.8% signals elevated volatility
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 16 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
61.5
Neutral
MACD Histogram
2.702
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$112.64
Resistance
$158.96
Bollinger %B
0.82
Inside Bands
Price vs Moving Averages
EMA 9
$113.47
Above
EMA 21
$112.84
Above
EMA 50
$117.50
Above
EMA 200
$99.43
Above
Fundamental Analysis
Valuation
33
Profitability
50
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
81.8×
P/B Ratio
8.49×
PEG Ratio
0.51
Dividend Yield
0.00%
52W High
$160.27
52W Low
$27.00
Quality & Growth
ROE
525.0%
ROA
444.0%
Gross Margin
4563.9%
Operating Margin
1686.1%
Revenue Growth YoY
—
Debt / Equity
0.02
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 81.8 (rich relative to a 15-40x range); Price-to-book of 8.5x; PEG ratio of 0.5 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 5.3%; Return on assets of 4.4%; Net margin of 12.8%; Gross margin of 45.6%; Current ratio of 4.08 (healthy short-term liquidity); Debt-to-equity of 0.02; Free cash flow per share is positive (1.75); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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