FormFactor (NASDAQ:FORM) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of FormFactor (NASDAQ:FORM) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Loop Capital set a $64.00 target price on shares of FormFactor in a report on Tuesday, January 27th. B. Riley Financial increased their price objective on shares of FormFactor from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a report on Thursday, April 30th. Evercore set a $155.00 price objective on shares of FormFactor in a report on Thursday, April 30th. Finally, TD Cowen increased their price objective on shares of FormFactor from $80.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Price Performance

NASDAQ:FORM opened at $133.03 on Tuesday. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 152.91 and a beta of 1.32. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $123.21 and its two-hundred day moving average is $89.44. FormFactor has a 12-month low of $26.08 and a 12-month high of $159.09.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Research analysts expect that FormFactor will post 2.03 EPS for the current year.

Insider Activity

In related news, Director Dennis Thomas St sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $115.84, for a total transaction of $115,840.00. Following the completion of the sale, the director owned 31,873 shares of the company’s stock, valued at approximately $3,692,168.32. This represents a 3.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 9,438 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $126.52, for a total transaction of $1,194,095.76. Following the sale, the chief executive officer directly owned 447,037 shares of the company’s stock, valued at approximately $56,559,121.24. This trade represents a 2.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 42,499 shares of company stock worth $4,932,166. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in shares of FormFactor during the fourth quarter worth $25,000. UMB Bank n.a. lifted its position in shares of FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of FormFactor by 84.4% during the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 453 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of FormFactor by 547.8% during the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 882 shares in the last quarter. Finally, Torren Management LLC acquired a new position in shares of FormFactor during the fourth quarter worth $41,000. 98.76% of the stock is owned by institutional investors and hedge funds.

About FormFactor

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.