FormFactor (NASDAQ:FORM) Receives Neutral Rating from Citigroup

Citigroup reaffirmed their neutral rating on shares of FormFactor (NASDAQ:FORM) in a research note published on Thursday morning, MarketBeat.com reports. Citigroup currently has a $31.00 target price on the semiconductor company’s stock, down from their prior target price of $36.00.

A number of other research firms also recently weighed in on FORM. DA Davidson dropped their price target on shares of FormFactor from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. B. Riley lifted their price target on shares of FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Evercore ISI dropped their price target on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price target on shares of FormFactor from $34.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, FormFactor presently has an average rating of “Hold” and a consensus target price of $38.29.

FormFactor Trading Down 0.2%

Shares of FORM stock opened at $27.85 on Thursday. The firm has a 50 day moving average price of $32.88 and a two-hundred day moving average price of $31.80. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.15 billion, a PE ratio of 49.73 and a beta of 1.16. FormFactor has a 12-month low of $22.58 and a 12-month high of $51.68.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The business had revenue of $195.80 million during the quarter, compared to analyst estimates of $190.17 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. As a group, analysts predict that FormFactor will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total value of $118,200.00. Following the transaction, the director directly owned 13,126 shares of the company’s stock, valued at $387,873.30. This trade represents a 23.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis Thomas St sold 3,000 shares of FormFactor stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the completion of the transaction, the director directly owned 40,957 shares in the company, valued at $1,279,496.68. This trade represents a 6.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Institutional Trading of FormFactor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of FormFactor by 282.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company’s stock worth $25,000 after buying an additional 547 shares during the last quarter. AlphaQuest LLC grew its stake in shares of FormFactor by 96,900.0% during the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company’s stock worth $27,000 after buying an additional 969 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of FormFactor by 256.3% during the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock worth $34,000 after buying an additional 861 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of FormFactor during the first quarter worth $42,000. Institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

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.