FormFactor, Inc. (NASDAQ:FORM) Receives Consensus Rating of “Hold” from Brokerages

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $38.2857.

A number of research analysts have issued reports on FORM shares. Stifel Nicolaus reduced their price objective on shares of FormFactor from $34.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FormFactor in a research note on Saturday, September 27th. Wall Street Zen raised shares of FormFactor from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, Citigroup restated a “neutral” rating and issued a $31.00 price objective (down from $36.00) on shares of FormFactor in a report on Thursday, August 21st.

Insider Activity at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value of $118,200.00. Following the sale, the director directly owned 13,126 shares of the company’s stock, valued at $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kelley Steven-Waiss sold 3,600 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $30.43, for a total transaction of $109,548.00. Following the sale, the director owned 35,479 shares in the company, valued at approximately $1,079,625.97. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of FormFactor by 170.2% in the 2nd 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. Westfield Capital Management Co. LP purchased a new position in FormFactor during the first quarter valued at $25,838,000. Massachusetts Financial Services Co. MA boosted 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 acquiring an additional 885,617 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of FormFactor by 64.8% in the second quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company’s stock worth $65,541,000 after acquiring an additional 749,088 shares during the last quarter. Finally, Select Equity Group L.P. increased its holdings in shares of FormFactor by 459.5% during the first quarter. Select Equity Group L.P. now owns 345,782 shares of the semiconductor company’s stock valued at $9,782,000 after acquiring an additional 283,983 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Trading Up 7.3%

FORM opened at $42.57 on Tuesday. FormFactor has a one year low of $22.58 and a one year high of $50.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.24 and a quick ratio of 3.34. The business has a 50 day simple moving average of $31.59 and a two-hundred day simple moving average of $31.41. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 76.02 and a beta of 1.28.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data 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). The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%.FormFactor’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Analysts predict that FormFactor will post 0.9 EPS for the current year.

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.