FormFactor (NASDAQ:FORM) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of FormFactor (NASDAQ:FORM) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus set a $135.00 price target on FormFactor in a research report on Thursday, April 30th. Zacks Research cut FormFactor from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. TD Cowen dropped their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Finally, Northland Securities set a $118.00 price target on FormFactor in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Stock Performance

Shares of NASDAQ FORM opened at $117.39 on Friday. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor has a 12 month low of $27.00 and a 12 month high of $160.27. The company has a 50 day simple moving average of $122.52 and a two-hundred day simple moving average of $113.09. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 80.40 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The business had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, analysts predict that FormFactor will post 2.7 earnings per share for the current year.

Insider Activity at FormFactor

In other news, Director Sheri Rhodes sold 6,328 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director owned 5,375 shares of the company’s stock, valued at $674,025. The trade was a 54.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian C. White sold 3,250 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total transaction of $409,500.00. Following the transaction, the director owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,534 shares of company stock valued at $4,864,118 in the last three months. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Institutional investors have recently bought and sold shares of the company. Persistent Asset Partners Ltd acquired a new position in shares of FormFactor during the second quarter valued at approximately $43,000. Los Angeles Capital Management LLC purchased a new position in FormFactor in the 4th quarter valued at $25,000. USA Financial Formulas acquired a new stake in FormFactor during the 1st quarter worth $46,000. UMB Bank n.a. boosted its stake in FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of FormFactor during the fourth quarter worth $41,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Company Profile

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.