FormFactor (NASDAQ:FORM) Rating Lowered to “Buy” at Wall Street Zen

FormFactor (NASDAQ:FORM) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

FORM has been the topic of several other reports. Evercore set a $150.00 target price on FormFactor in a research report on Thursday, July 30th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Thursday, June 11th. Northland Securities set a $118.00 target price on shares of FormFactor in a research report on Thursday, April 30th. Finally, Citigroup boosted their target price on shares of FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Stock Down 4.2%

Shares of NASDAQ FORM opened at $112.47 on Friday. The firm has a market cap of $8.77 billion, a P/E ratio of 77.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. FormFactor has a 1 year low of $27.00 and a 1 year high of $160.27. The firm’s 50 day moving average price is $122.47 and its 200 day moving average price is $113.33.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share 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 company had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. During the same period in the previous year, the firm posted $0.27 EPS. FormFactor’s revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, sell-side analysts anticipate that FormFactor will post 2.7 earnings per share for the current year.

Insider Activity

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the completion of the sale, the director directly owned 7,875 shares in the company, valued at $995,951.25. The trade was a 32.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the sale, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. The trade was a 54.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 38,534 shares of company stock worth $4,864,118. Insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV grew its position in FormFactor by 2.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after buying an additional 157 shares during the last quarter. Blue Trust Inc. lifted its position in shares of FormFactor by 1.9% during the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after acquiring an additional 196 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of FormFactor during the 2nd quarter valued at $43,000. UMB Bank n.a. boosted its stake in shares of FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in shares of FormFactor by 2.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock worth $635,000 after acquiring an additional 299 shares in 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.