FormFactor (NASDAQ:FORM) Stock Rating Lowered by Zacks Research

FormFactor (NASDAQ:FORM) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

FORM has been the subject of several other research reports. TD Cowen decreased their price target on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Deutsche Bank Aktiengesellschaft started coverage on FormFactor in a report on Wednesday, September 30th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Evercore set a $150.00 price target on FormFactor in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.83.

FormFactor Trading Down 2.2%

Shares of FORM opened at $107.70 on Monday. FormFactor has a 1-year low of $40.60 and a 1-year high of $160.27. The company has a 50-day moving average of $119.84 and a 200 day moving average of $123.88. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 73.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.21. The company had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts expect that FormFactor will post 2.70 EPS for the current year.

Insider Activity

In other news, Director Kelley Steven-Waiss sold 2,100 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 11,098 shares of the stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the transaction, the chief executive officer owned 455,596 shares in the company, valued at approximately $57,040,619.20. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 46,710 shares of company stock valued at $5,520,564. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in FormFactor during the second quarter worth $1,676,772,000. Andar Capital Management HK Ltd bought a new stake in FormFactor during the 2nd quarter valued at $27,000,000. Bank of America Corp DE bought a new stake in FormFactor during the 2nd quarter valued at $285,257,000. Primecap Management Co. CA purchased a new position in shares of FormFactor in the 2nd quarter valued at $270,300,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of FormFactor in the 2nd quarter valued at $103,844,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

About FormFactor

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.