TD Cowen Forecasts Strong Price Appreciation for FormFactor (NASDAQ:FORM) Stock

FormFactor (NASDAQ:FORM) had its price objective upped by equities research analysts at TD Cowen from $35.00 to $50.00 in a report released on Thursday, MarketBeat.com reports. The firm currently has a “hold” rating on the semiconductor company’s stock. TD Cowen’s price objective would indicate a potential downside of 9.01% from the stock’s previous close.

FORM has been the subject of a number of other reports. Weiss Ratings reissued a “hold (c)” rating on shares of FormFactor in a research note on Wednesday, October 8th. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $31.00 to $62.00 in a research note on Thursday. Zacks Research raised shares of FormFactor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Wall Street Zen raised shares of FormFactor from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, B. Riley raised shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $34.00 to $47.00 in a research note on Friday, October 10th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

FormFactor Stock Down 7.3%

NASDAQ FORM opened at $54.95 on Thursday. 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 fifty day moving average of $36.89 and a two-hundred day moving average of $33.46. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 105.68 and a beta of 1.28. FormFactor has a 52 week low of $22.58 and a 52 week high of $61.10.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The company had revenue of $202.68 million during the quarter, compared to analyst estimates of $199.97 million. FormFactor had a net margin of 5.38% and a return on equity of 5.16%. FormFactor’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. FormFactor has set its Q4 2025 guidance at 0.310-0.390 EPS. On average, analysts predict that FormFactor will post 0.9 earnings per share for the current year.

Insider Activity

In related news, Director Kelley Steven-Waiss sold 3,600 shares of FormFactor stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the completion of the sale, the director directly owned 35,479 shares in the company, valued at $1,079,625.97. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of FormFactor stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total value of $118,200.00. Following the completion of the sale, the director owned 13,126 shares of the company’s stock, valued at $387,873.30. The trade was a 23.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On FormFactor

A number of large investors have recently added to or reduced their stakes in the company. Earnest Partners LLC raised its holdings in FormFactor by 0.3% in the first quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company’s stock worth $171,299,000 after purchasing an additional 18,039 shares in the last quarter. Bank of America Corp DE raised its holdings in FormFactor by 4.0% in the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after purchasing an additional 108,487 shares in the last quarter. Reinhart Partners LLC. raised its holdings in FormFactor by 26.3% in the third quarter. Reinhart Partners LLC. now owns 2,404,854 shares of the semiconductor company’s stock worth $87,585,000 after purchasing an additional 500,156 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in FormFactor by 170.2% in the second quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company’s stock worth $72,069,000 after purchasing an additional 1,319,345 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in FormFactor by 82.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock worth $55,554,000 after purchasing an additional 885,617 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

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.