12 High Growth Semiconductor Stocks to Buy Now

​8. FormFactor, Inc. (NASDAQ:FORM)

EPS Growth Next 5 Years: 30.51%

Number of Hedge Fund Holders: 39

FormFactor, Inc. (NASDAQ:FORM) is one of the High Growth Semiconductor Stocks to Buy Now. FormFactor, Inc. (NASDAQ:FORM) has gained around 3.6% over the past month, mainly driven by continued momentum from the Q1 2026 earnings beat in April and optimism due to its addition to the Russell 1000 index. The Street also remains bullish on the stock, with analysts expecting roughly 13% upside from the current level.

​Recently, on June 12, B. Riley analyst Craig Ellis upgraded the stock from Neutral to Buy and maintained its price target of $165. The firm noted that the stock declined roughly 14% following the company’s analyst day in May. Ellis views this decline as an overreaction and noted that the company has strong fundamentals, a high growth rate, and is generating positive earnings. The analyst believes that the price reduction has left the stock undervalued, making it an attractive entry point for investors.

​Moreover, the firm’s confidence in FormFactor, Inc. (NASDAQ:FORM) was further reinforced following checks conducted at B. Riley’s annual conference, where FormFactor’s execution capabilities and progress toward its long-term targets stood out positively.

FormFactor Inc (NASDAQ:FORM) primarily offers semiconductor testing equipment and operates through two segments: Probe Cards and Systems. The probe cards are used to test various semiconductor processors and systems-on-chip products. The Systems segment designs the hardware platforms that are used to test these semiconductor devices.