FormFactor (NASDAQ:FORM) Stock Gets Downgrade from Zacks Research

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

Several other research firms also recently weighed in on FORM. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Deutsche Bank Aktiengesellschaft assumed coverage on FormFactor in a research report on Wednesday, September 30th. They set a “buy” rating and a $200.00 price target for the company. TD Cowen reduced their target price on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research note on Tuesday, September 22nd. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.83.

FormFactor Trading Down 2.2%

Shares of FormFactor stock opened at $107.70 on Monday. FormFactor has a fifty-two week low of $40.60 and a fifty-two week high of $160.27. The firm has a market cap of $8.40 billion, a PE ratio of 73.77 and a beta of 1.18. The business’s fifty day moving average is $119.84 and its two-hundred day moving average is $123.88. 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 posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.21. The business had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. The business’s revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Analysts anticipate that FormFactor will post 2.70 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 11,098 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total value of $1,389,469.60. Following the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at approximately $57,040,619.20. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the transaction, the director owned 24,426 shares in the company, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 46,710 shares of company stock worth $5,520,564 over the last three months. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FormFactor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Keating Financial Advisory Services Inc. bought a new position in shares of FormFactor during the second quarter valued at approximately $25,000. V Square Quantitative Management LLC raised its position in shares of FormFactor by 96.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 253 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 124 shares during the period. Persistent Asset Partners Ltd bought a new stake in shares of FormFactor in the 2nd quarter worth approximately $43,000. Mather Group LLC. bought a new stake in shares of FormFactor in the 3rd quarter worth approximately $44,000. Finally, USA Financial Formulas bought a new stake in shares of FormFactor in the 1st quarter worth approximately $46,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Company Profile

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.