FormFactor (NASDAQ:FORM) Upgraded to Buy at Wall Street Zen

FormFactor (NASDAQ:FORM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued reports about the stock. Zacks Research raised shares of FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Piper Sandler set a $100.00 price objective on shares of FormFactor in a report on Monday, February 2nd. Itau BBA Securities upgraded FormFactor to an “outperform” rating in a report on Tuesday, January 27th. Craig Hallum restated a “buy” rating and issued a $90.00 target price on shares of FormFactor in a research note on Thursday, February 5th. Finally, Northland Securities set a $70.00 price target on FormFactor in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, FormFactor presently has an average rating of “Moderate Buy” and an average target price of $80.91.

FormFactor Stock Up 1.2%

NASDAQ FORM opened at $98.88 on Friday. FormFactor has a 1 year low of $22.58 and a 1 year high of $107.04. The stock has a market capitalization of $7.70 billion, a PE ratio of 143.31 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 3.60. The business’s 50-day moving average is $77.36 and its 200 day moving average is $54.63.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, February 4th. The semiconductor company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. FormFactor had a return on equity of 6.64% and a net margin of 6.93%.The business had revenue of $215.16 million during the quarter, compared to analyst estimates of $210.29 million. During the same quarter in the prior year, the company posted $0.27 EPS. FormFactor’s quarterly revenue was up 13.6% compared to the same quarter last year. FormFactor has set its Q1 2026 guidance at 0.410-0.490 EPS. Sell-side analysts forecast that FormFactor will post 0.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 8,664 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $94.14, for a total value of $815,628.96. Following the sale, the chief executive officer directly owned 471,086 shares of the company’s stock, valued at approximately $44,348,036.04. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kevin J. Brewer sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $96.20, for a total transaction of $288,600.00. Following the completion of the transaction, the director owned 8,105 shares in the company, valued at approximately $779,701. The trade was a 27.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 102,562 shares of company stock valued at $7,873,371. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of FormFactor in the fourth quarter worth $397,000. T. Rowe Price Investment Management Inc. raised its position in FormFactor by 210,121.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 359,479 shares of the semiconductor company’s stock worth $20,052,000 after buying an additional 359,308 shares during the last quarter. Invesco Ltd. lifted its stake in FormFactor by 6.4% during the 4th quarter. Invesco Ltd. now owns 332,927 shares of the semiconductor company’s stock valued at $18,571,000 after acquiring an additional 20,052 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of FormFactor by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock valued at $419,000 after acquiring an additional 157 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of FormFactor by 43.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 34,275 shares of the semiconductor company’s stock valued at $1,912,000 after acquiring an additional 10,418 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Trending Headlines about FormFactor

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks Research raised near-term EPS estimates and reiterated a Strong-Buy, lifting Q3 2026 and Q4 2027 forecasts and projecting stronger FY2028 earnings — this boosts expectations for continued earnings momentum and supports the stock.
• Positive Sentiment: A bullish Seeking Alpha piece argues FormFactor is entering an HBM4-driven earnings inflection, framing current valuation as justified by accelerating demand for advanced memory test solutions. Article Title
• Neutral Sentiment: Brokerage consensus remains favorable overall (average “Moderate Buy”) with mixed price targets; this provides a backdrop of analyst support but varied upside expectations. Article Title
• Neutral Sentiment: Reported short interest data shows effectively zero reported short shares (appears to be a data glitch), so short-squeeze dynamics are not a meaningful driver today.
• Negative Sentiment: Insider selling: Director Brian White sold 2,300 shares for ~$230k, reducing his stake by ~18% — while not large versus market cap, insider sales can be perceived as a mild negative signal. Article Title
• Negative Sentiment: Sector/headline volatility: a news roundup noted sharp moves in FormFactor and peer names, which likely caused intraday pressure and higher intraday volume — investors should watch whether weakness is idiosyncratic or part of broader chip-sector swings. Article Title

FormFactor Company Profile

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.