FormFactor (NASDAQ:FORM) Downgraded by Zacks Research to “Hold”

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

FORM has been the subject of a number of other research reports. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, May 12th. Evercore upgraded FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price target on the stock in a report on Friday, June 5th. B. Riley Financial upgraded 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 lifted their price objective on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, FormFactor has a consensus rating of “Moderate Buy” and a consensus target price of $132.45.

FormFactor Stock Up 8.0%

Shares of NASDAQ:FORM opened at $113.75 on Monday. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 130.75 and a beta of 1.22. FormFactor has a 12 month low of $26.08 and a 12 month high of $160.27. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $127.83 and a 200 day moving average price of $109.56.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The company had revenue of $226.14 million for the quarter, compared to analysts’ expectations 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. As a group, equities research analysts predict that FormFactor will post 2.03 earnings per share for the current year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 11,890 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total value of $1,442,851.50. Following the sale, the chief executive officer directly owned 435,147 shares in the company, valued at approximately $52,805,088.45. This represents a 2.66% decrease in their ownership of the stock. The sale 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 Sheri Rhodes sold 6,328 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the sale, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. This represents a 54.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 38,534 shares of company stock valued at $4,864,118. Company insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new stake in shares of FormFactor during the fourth quarter valued at $25,000. UMB Bank n.a. increased its stake in FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares during the period. Torren Management LLC bought a new stake in FormFactor during the 4th quarter valued at about $41,000. Kestra Advisory Services LLC bought a new stake in FormFactor during the 4th quarter valued at about $53,000. Finally, Clearstead Advisors LLC boosted its position in FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 389 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.