FormFactor (NASDAQ:FORM) Cut to Hold at Zacks Research

Zacks Research cut shares of FormFactor (NASDAQ:FORM) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Evercore raised shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price on the stock in a research note on Friday, June 5th. Northland Securities set a $118.00 price objective on shares of FormFactor in a report on Thursday, April 30th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research note on Thursday, April 30th. Weiss Ratings lowered shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Finally, B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Thursday, June 11th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, FormFactor has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Trading Down 0.3%

FORM stock opened at $113.39 on Monday. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. FormFactor has a twelve month low of $26.08 and a twelve month high of $160.27. The company has a market cap of $8.84 billion, a P/E ratio of 130.33 and a beta of 1.22. The business has a fifty day moving average of $127.51 and a 200-day moving average of $109.97.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. The business had revenue of $226.14 million for the quarter, compared to analysts’ expectations of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, equities research analysts expect that FormFactor will post 2.03 EPS for the current year.

Insider Activity

In other news, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total transaction of $409,500.00. Following the transaction, the director owned 8,653 shares in the company, valued at $1,090,278. The trade was a 27.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total value of $484,127.16. Following the completion of the transaction, the director owned 7,875 shares of the company’s stock, valued at $995,951.25. This represents a 32.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 38,534 shares of company stock valued at $4,864,118. Company insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Several hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in shares of FormFactor in the fourth quarter valued at approximately $25,000. UMB Bank n.a. raised its holdings in shares of FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Torren Management LLC bought a new stake in FormFactor in the 4th quarter valued at $41,000. Kestra Advisory Services LLC bought a new stake in FormFactor in the 4th quarter valued at $53,000. Finally, Clearstead Advisors LLC lifted its position in FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 389 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

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.