FormFactor (NASDAQ:FORM) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of FormFactor (NASDAQ:FORM) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Northland Securities set a $118.00 price target on shares of FormFactor in a research note on Thursday, April 30th. Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Tuesday, May 12th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. Finally, Citigroup increased their price objective on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.45.

FormFactor Stock Performance

NASDAQ FORM opened at $113.75 on Monday. The company has a market cap of $8.87 billion, a P/E ratio of 130.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The business’s 50 day moving average price is $127.83 and its 200-day moving average price is $109.56. FormFactor has a fifty-two week low of $26.08 and a fifty-two week high of $160.27.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.31% and a net margin of 8.14%.FormFactor’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Sell-side analysts predict that FormFactor will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total transaction of $409,500.00. Following the completion of the sale, the director directly owned 8,653 shares in the company, valued at approximately $1,090,278. This trade represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mike Slessor sold 11,890 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the sale, the chief executive officer directly owned 435,147 shares of the company’s stock, valued at $52,805,088.45. This represents a 2.66% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 38,534 shares of company stock valued at $4,864,118. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Several large investors have recently added to or reduced their stakes in FORM. SG Americas Securities LLC raised its stake in shares of FormFactor by 1,158.7% during the fourth quarter. SG Americas Securities LLC now owns 175,432 shares of the semiconductor company’s stock valued at $9,786,000 after acquiring an additional 161,494 shares in the last quarter. UBS Group AG boosted its holdings in shares of FormFactor by 38.8% in the fourth quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock valued at $15,808,000 after purchasing an additional 79,240 shares during the period. Fisher Asset Management LLC grew its stake in FormFactor by 206.4% in the fourth quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock worth $24,323,000 after purchasing an additional 293,746 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new position in FormFactor in the fourth quarter worth approximately $1,704,000. Finally, WINTON GROUP Ltd purchased a new position in FormFactor during the 4th quarter worth $610,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.