FormFactor, Inc. (NASDAQ:FORM) Receives Average Rating of “Moderate Buy” from Brokerages

FormFactor, Inc. (NASDAQ:FORM) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $127.4545.

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Evercore set a $150.00 price objective on FormFactor in a research note on Thursday, July 30th. 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, B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, June 11th.

FormFactor Price Performance

Shares of FORM stock opened at $119.31 on Tuesday. The business’s fifty day moving average is $110.55 and its 200 day moving average is $118.46. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 81.72 and a beta of 1.24. FormFactor has a twelve month low of $34.80 and a twelve month high of $160.27.

FormFactor (NASDAQ:FORM) last announced 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. The business had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Research analysts expect that FormFactor will post 2.7 EPS for the current fiscal year.

Insider Transactions at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,100 shares of FormFactor stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the transaction, the director directly owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 17,510 shares of FormFactor stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $104.73, for a total transaction of $1,833,822.30. Following the completion of the transaction, the chief executive officer directly owned 466,694 shares of the company’s stock, valued at $48,876,862.62. This trade represents a 3.62% 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. In the last quarter, insiders sold 35,612 shares of company stock worth $4,131,094. 0.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FormFactor

Several institutional investors and hedge funds have recently made changes to their positions in FORM. The Manufacturers Life Insurance Company purchased a new stake in FormFactor during the 2nd quarter valued at $4,108,000. Bank of America Corp DE purchased a new position in shares of FormFactor in the 2nd quarter worth $285,257,000. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor in the second quarter worth $3,940,000. BlackRock Inc. bought a new stake in shares of FormFactor in the second quarter worth $1,676,772,000. Finally, Fisher Asset Management LLC increased its position in FormFactor by 206.4% during the fourth quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock valued at $24,323,000 after acquiring an additional 293,746 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company’s product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.