FormFactor (NASDAQ:FORM) Raised to “Strong-Buy” at Zacks Research

FormFactor (NASDAQ:FORM) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on FORM. Evercore set a $150.00 price objective on FormFactor in a report on Thursday, July 30th. Citigroup upped their target price on FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $135.00 target price on FormFactor in a research report on Thursday, April 30th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Finally, Northland Securities set a $118.00 price target on FormFactor in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, FormFactor has a consensus rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Price Performance

FORM stock opened at $114.95 on Tuesday. The company has a 50 day simple moving average of $123.18 and a 200 day simple moving average of $115.86. The stock 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 1 year low of $27.00 and a 1 year high of $160.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The business had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Research analysts anticipate that FormFactor will post 2.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 16,002 shares of the 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 completion of the sale, the chief executive officer directly owned 484,204 shares in the company, valued at $63,406,513.80. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 FormFactor stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. This represents a 54.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 37,020 shares of company stock worth $4,756,017. 0.79% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

Institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its holdings in FormFactor by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after acquiring an additional 157 shares during the period. Keating Financial Advisory Services Inc. acquired a new position in shares of FormFactor in the 2nd quarter valued at about $25,000. Blue Trust Inc. boosted its position in shares of FormFactor by 1.9% during the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 196 shares in the last quarter. Persistent Asset Partners Ltd acquired a new stake in FormFactor during the second quarter worth approximately $43,000. Finally, UMB Bank n.a. grew its stake in FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the period. Institutional investors own 98.76% of the company’s stock.

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.