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

FormFactor (NASDAQ:FORM) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on FORM. TD Cowen raised their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a report on Thursday, April 30th. Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price for the company in a research note on Friday, June 5th. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, FormFactor has an average rating of “Moderate Buy” and an average target price of $132.45.

FormFactor Stock Performance

FORM opened at $113.75 on Monday. FormFactor has a 1-year low of $26.08 and a 1-year high of $160.27. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 130.75 and a beta of 1.22. The company’s fifty day moving average price is $127.83 and its two-hundred day moving average price is $109.56. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping 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 company had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, analysts expect that FormFactor will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other FormFactor news, Director Brian C. White sold 3,250 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the transaction, the director owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. The trade was a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total value of $484,127.16. Following the completion of the transaction, the director owned 7,875 shares of the company’s stock, valued at $995,951.25. This trade represents a 32.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 38,534 shares of company stock valued at $4,864,118. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FormFactor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in FormFactor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after buying an additional 2,001 shares during the period. Jones Financial Companies Lllp raised its position in FormFactor by 870.3% in the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 4,743 shares during the period. Goldman Sachs Group Inc. raised its position in FormFactor by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock worth $13,873,000 after acquiring an additional 53,310 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in FormFactor by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after acquiring an additional 9,394 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in FormFactor by 18.1% in the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after acquiring an additional 8,194 shares during the last quarter. 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.