FormFactor (NASDAQ:FORM) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of FormFactor (NASDAQ:FORM) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on FORM. Wall Street Zen lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. Evercore set a $150.00 price objective on shares of FormFactor in a research report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. Citigroup lifted their target price on FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $135.00 target price on FormFactor in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, FormFactor currently has an average rating of “Moderate Buy” and a consensus price target of $127.45.

FormFactor Trading Down 7.6%

FORM opened at $114.95 on Tuesday. The firm has a 50 day simple moving average of $123.18 and a 200 day simple moving average of $115.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 78.73 and a beta of 1.25. FormFactor has a fifty-two week low of $27.00 and a fifty-two week high of $160.27.

FormFactor (NASDAQ:FORM) last posted its earnings results 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 company had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, sell-side analysts anticipate that FormFactor will post 2.7 earnings per share for the current year.

Insider Buying and Selling

In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the transaction, the director directly owned 5,375 shares in the company, valued at $674,025. The trade was a 54.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mike Slessor sold 16,002 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 484,204 shares in the company, valued at approximately $63,406,513.80. This trade represents a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 37,020 shares of company stock valued at $4,756,017. 0.79% of the stock is owned by insiders.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new stake in FormFactor in the 2nd quarter worth about $25,000. Persistent Asset Partners Ltd bought a new position in shares of FormFactor during the 2nd quarter worth $43,000. Los Angeles Capital Management LLC purchased a new position in shares of FormFactor in the fourth quarter worth about $25,000. Allworth Financial LP bought a new stake in shares of FormFactor in the second quarter valued at approximately $72,000. Finally, USA Financial Formulas purchased a new stake in shares of FormFactor during the 1st quarter valued at approximately $46,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.