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

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

Other equities analysts have also issued research reports about the stock. Evercore set a $150.00 price target on shares of FormFactor in a report on Thursday, July 30th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, May 12th. TD Cowen lowered their price target on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Northland Securities set a $118.00 price objective on FormFactor in a report on Thursday, April 30th. Finally, Citigroup raised their target price on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Price Performance

Shares of FORM stock opened at $114.95 on Tuesday. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 78.73 and a beta of 1.25. The firm’s 50 day moving average is $123.18 and its 200-day moving average is $115.86. FormFactor has a 1 year low of $27.00 and a 1 year high of $160.27.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The company had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same period in the prior year, the company posted $0.27 EPS. The company’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. Sell-side analysts forecast that FormFactor will post 2.7 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of FormFactor in the 2nd quarter valued at approximately $25,000. Los Angeles Capital Management LLC acquired a new position in FormFactor during the 4th quarter worth approximately $25,000. UMB Bank n.a. lifted 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 valued at $28,000 after purchasing an additional 281 shares during the last quarter. Torren Management LLC acquired a new stake in FormFactor in the fourth quarter valued at approximately $41,000. Finally, Persistent Asset Partners Ltd acquired a new stake in FormFactor in the second quarter valued at approximately $43,000. 98.76% of the stock is 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.