DA Davidson Issues Pessimistic Forecast for FormFactor (NASDAQ:FORM) Stock Price

FormFactor (NASDAQ:FORM) had its price target reduced by analysts at DA Davidson from $50.00 to $45.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s price objective suggests a potential upside of 48.71% from the stock’s current price. DA Davidson also issued estimates for FormFactor’s Q2 2025 earnings at $0.20 EPS and FY2026 earnings at $1.35 EPS.

FORM has been the subject of several other research reports. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Evercore ISI cut their target price on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research note on Thursday. Finally, B. Riley raised their price target on shares of FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.71.

FormFactor Stock Up 4.5 %

FORM stock opened at $30.26 on Thursday. The company has a market capitalization of $2.33 billion, a P/E ratio of 34.00 and a beta of 1.14. The firm’s fifty day simple moving average is $29.16 and its 200-day simple moving average is $37.26. FormFactor has a 12 month low of $22.58 and a 12 month high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $171.36 million for the quarter, compared to analyst estimates of $170.03 million. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. FormFactor’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. As a group, equities research analysts forecast that FormFactor will post 0.9 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the transaction, the chief executive officer now directly owns 518,531 shares in the company, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 12,000 shares of company stock worth $395,760 in the last three months. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in FormFactor in the 4th quarter valued at about $27,000. Versant Capital Management Inc grew its position in FormFactor by 256.3% in the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 861 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in FormFactor during the fourth quarter worth about $43,000. Manchester Capital Management LLC lifted its position in shares of FormFactor by 63.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 440 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 382 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.