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

Zacks Research downgraded shares of FormFactor (NASDAQ:FORM) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

A number of other analysts also recently issued reports on the company. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Stifel Nicolaus set a $115.00 price target on FormFactor in a research report on Tuesday, October 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a research note on Tuesday, September 22nd. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, B. Riley Financial reissued a “buy” rating on shares of FormFactor in a report on Monday. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and an average price target of $131.83.

FormFactor Trading Down 2.2%

Shares of FORM stock opened at $107.70 on Monday. 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 firm has a market cap of $8.40 billion, a P/E ratio of 73.77 and a beta of 1.18. The company has a 50 day moving average of $119.84 and a 200-day moving average of $123.88. FormFactor has a 12-month low of $40.60 and a 12-month high of $160.27.

FormFactor (NASDAQ:FORM) last posted 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. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. The business had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. FormFactor’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts anticipate that FormFactor will post 2.70 earnings per share for the current year.

Insider Buying and Selling

In related 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 transaction of $201,810.00. Following the sale, the director directly owned 24,426 shares in the company, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 11,098 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $125.20, for a total transaction of $1,389,469.60. Following the completion of the transaction, the chief executive officer directly owned 455,596 shares of the company’s stock, valued at approximately $57,040,619.20. This trade represents a 2.38% 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. Insiders have sold a total of 46,710 shares of company stock worth $5,520,564 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

A number of hedge funds and other institutional investors have recently bought and sold shares of FORM. Keating Financial Advisory Services Inc. purchased a new stake in shares of FormFactor during the second quarter worth $25,000. V Square Quantitative Management LLC boosted its holdings in shares of FormFactor by 96.1% in the third quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 124 shares during the period. Persistent Asset Partners Ltd purchased a new position in shares of FormFactor in the second quarter valued at $43,000. Mather Group LLC. purchased a new position in shares of FormFactor in the third quarter valued at $44,000. Finally, Allworth Financial LP purchased a new position in shares of FormFactor in the second quarter valued at $72,000. Institutional investors own 98.76% of the company’s stock.

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.