FormFactor (NASDAQ:FORM) Upgraded at Zacks Research

FormFactor (NASDAQ:FORM) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

FORM has been the subject of several other research reports. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Thursday, June 11th. Citigroup boosted their target price on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen cut FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, FormFactor has an average rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Stock Down 7.6%

Shares of FORM opened at $114.95 on Tuesday. FormFactor has a fifty-two week low of $27.00 and a fifty-two week high of $160.27. The company’s fifty day moving average is $123.18 and its two-hundred day moving average is $115.86. The firm has a market cap of $8.96 billion, a PE ratio of 78.73 and a beta of 1.25. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $240.00 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’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. Analysts forecast that FormFactor will post 2.7 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 16,002 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the transaction, the chief executive officer directly owned 484,204 shares in the company, valued at $63,406,513.80. The trade was a 3.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the transaction, the director owned 29,073 shares in the company, valued at $4,404,268.77. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,020 shares of company stock valued at $4,756,017. 0.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

Several institutional investors have recently bought and sold shares of FORM. BlackRock Inc. acquired a new stake in FormFactor during the second quarter worth about $1,676,772,000. Andar Capital Management HK Ltd bought a new position in FormFactor during the second quarter worth about $27,000,000. Bank of America Corp DE acquired a new stake in FormFactor during the second quarter valued at approximately $285,257,000. Primecap Management Co. CA acquired a new stake in FormFactor during the second quarter valued at approximately $270,300,000. Finally, Victory Capital Management Inc. grew its stake in shares of 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 valued at $70,090,000 after purchasing an additional 1,234,488 shares during the period. 98.76% of the stock is currently owned by 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.