FormFactor (NASDAQ:FORM) Stock Rating Upgraded by Craig Hallum

FormFactor (NASDAQ:FORM) was upgraded by Craig Hallum from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $175.00 price objective on the semiconductor company’s stock. Craig Hallum’s target price points to a potential upside of 35.33% from the stock’s current price.

A number of other research firms also recently issued reports on FORM. Evercore set a $155.00 price objective on shares of FormFactor in a report on Thursday, April 30th. Piper Sandler set a $100.00 price objective on shares of FormFactor in a research report on Monday, February 2nd. Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Loop Capital set a $64.00 target price on FormFactor in a research report on Tuesday, January 27th. Finally, Itau BBA Securities upgraded shares of FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $132.45.

FormFactor Stock Down 2.1%

Shares of NASDAQ:FORM opened at $129.31 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. FormFactor has a 52-week low of $26.08 and a 52-week high of $159.09. The business’s 50 day simple moving average is $115.77 and its two-hundred day simple moving average is $84.08. The firm has a market cap of $10.08 billion, a P/E ratio of 148.63 and a beta of 1.32.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. During the same quarter last year, the firm posted $0.23 EPS. FormFactor’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, research analysts forecast that FormFactor will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Brian C. White sold 2,300 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $100.01, for a total transaction of $230,023.00. Following the transaction, the director directly owned 10,556 shares in the company, valued at approximately $1,055,705.56. This represents a 17.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aric Brendan Mckinnis sold 3,462 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $90.42, for a total value of $313,034.04. Following the transaction, the chief financial officer directly owned 11,140 shares in the company, valued at approximately $1,007,278.80. This represents a 23.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 35,947 shares of company stock worth $3,774,255. Insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new position in FormFactor during the 4th quarter worth approximately $25,000. UMB Bank n.a. boosted its stake 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 valued at $28,000 after purchasing an additional 281 shares during the period. Jones Financial Companies Lllp boosted its stake 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 valued at $35,000 after purchasing an additional 453 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of FormFactor by 547.8% in 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 during the last quarter. Finally, Torren Management LLC bought a new position in shares of FormFactor in the fourth quarter worth approximately $41,000. 98.76% of the stock is owned by institutional investors.

More FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Craig Hallum upgraded FormFactor from Hold to Buy and set a higher price target, signaling stronger conviction in the stock’s upside and reinforcing the recent bullish move. FormFactor (NASDAQ:FORM) Upgraded to “Buy” at Craig Hallum
• Positive Sentiment: B. Riley Financial raised its price target on FormFactor, indicating analysts see more room for shares to run despite keeping a neutral rating. FormFactor (NASDAQ:FORM) Given New $165.00 Price Target at B. Riley Financial
• Positive Sentiment: FormFactor said TechInsights ranked it the global #1 supplier in both Test Subsystems and Focused Suppliers of Chip Making Equipment, highlighting strong customer satisfaction and market leadership. FormFactor Sets the Global Standard as #1 in Test Subsystems and Focused Chip Making Equipment
• Positive Sentiment: Commentary on FormFactor’s strong earnings emphasized that the company’s recent results support the view that its underlying business remains healthy. The Strong Earnings Posted By FormFactor (NASDAQ:FORM) Are A Good Indication Of The Strength Of The Business
• Neutral Sentiment: Needham kept a Hold rating, saying FormFactor’s long-term growth plan and AI tailwinds may already be reflected in the stock. FormFactor Kept at Hold as Long-Term Growth Plan and AI Tailwinds Are Seen as Priced In
• Neutral Sentiment: Recent coverage highlighted that FormFactor has been up strongly over the past week, but this was more a recap of momentum than a new company-specific catalyst. FormFactor (FORM) Is Up 7.64% in One Week: What You Should Know
• Neutral Sentiment: CEO remarks that semiconductor demand should continue were supportive of the industry backdrop, but did not include a major new financial update. FormFactor CEO: Key indicators showing semiconductor demand will continue

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.