Wall Street Zen Upgrades FormFactor (NASDAQ:FORM) to Buy

FormFactor (NASDAQ:FORM) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

FORM has been the subject of a number of other reports. B. Riley Financial reaffirmed a “buy” rating on shares of FormFactor in a report on Thursday, February 5th. Piper Sandler set a $100.00 price target on FormFactor in a report on Monday, February 2nd. Evercore lifted their price objective on FormFactor from $50.00 to $80.00 and gave the stock an “in-line” rating in a report on Thursday, February 5th. TD Cowen boosted their target price on FormFactor from $50.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. Finally, Northland Securities set a $70.00 price target on FormFactor in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.91.

FormFactor Stock Performance

NASDAQ FORM opened at $98.88 on Friday. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 143.31 and a beta of 1.03. The business’s 50 day moving average is $77.36 and its two-hundred day moving average is $54.97. FormFactor has a 12-month low of $22.58 and a 12-month high of $107.04. The company has a current ratio of 4.50, a quick ratio of 3.60 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.35 by $0.11. The company had revenue of $215.16 million for the quarter, compared to analyst estimates of $210.29 million. FormFactor had a net margin of 6.93% and a return on equity of 6.64%. The business’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Research analysts expect that FormFactor will post 0.9 EPS for the current year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 8,664 shares of FormFactor stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $94.14, for a total transaction of $815,628.96. Following the completion of the sale, the chief executive officer directly owned 471,086 shares in the company, valued at $44,348,036.04. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kelley Steven-Waiss sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $93.70, for a total transaction of $206,140.00. Following the completion of the transaction, the director directly owned 30,579 shares of the company’s stock, valued at approximately $2,865,252.30. This represents a 6.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 102,562 shares of company stock valued at $7,873,371. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of FormFactor by 170.2% during the second quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock worth $72,069,000 after purchasing an additional 1,319,345 shares during the last quarter. Victory Capital Management Inc. boosted its stake in FormFactor by 5,596.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock worth $70,090,000 after buying an additional 1,234,488 shares during the last quarter. Morgan Stanley boosted its stake in FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of FormFactor during the 4th quarter valued at about $60,495,000. Finally, Westfield Capital Management Co. LP purchased a new position in shares of FormFactor during the 3rd quarter worth about $37,391,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

More FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks Research raised near-term EPS estimates and reiterated a Strong-Buy, lifting Q3 2026 and Q4 2027 forecasts and projecting stronger FY2028 earnings — this boosts expectations for continued earnings momentum and supports the stock.
• Positive Sentiment: A bullish Seeking Alpha piece argues FormFactor is entering an HBM4-driven earnings inflection, framing current valuation as justified by accelerating demand for advanced memory test solutions. Article Title
• Neutral Sentiment: Brokerage consensus remains favorable overall (average “Moderate Buy”) with mixed price targets; this provides a backdrop of analyst support but varied upside expectations. Article Title
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares (appears to be a data glitch), so short-squeeze dynamics are not a meaningful driver today.
• Negative Sentiment: Insider selling: Director Brian White sold 2,300 shares for ~$230k, reducing his stake by ~18% — while not large versus market cap, insider sales can be perceived as a mild negative signal. Article Title
• Negative Sentiment: Sector/headline volatility: a news roundup noted sharp moves in FormFactor and peer names, which likely caused intraday pressure and higher intraday volume — investors should watch whether weakness is idiosyncratic or part of broader chip-sector swings. Article Title

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.