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

Wall Street Zen downgraded shares of FormFactor (NASDAQ:FORM) from a strong-buy rating to a buy rating in a research report released on Sunday morning.

A number of other research firms also recently commented on FORM. Northland Securities set a $118.00 target price on shares of FormFactor in a report on Thursday, April 30th. TD Cowen reduced their target price on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research report on Monday, July 27th. Zacks Research cut FormFactor from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Price Performance

NASDAQ:FORM opened at $121.07 on Friday. The business’s 50-day moving average price is $122.39 and its 200 day moving average price is $113.59. The firm has a market cap of $9.44 billion, a P/E ratio of 82.92 and a beta of 1.25. FormFactor has a 52-week low of $27.00 and a 52-week high of $160.27. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $240.00 million. During the same period in the previous year, the business earned $0.27 earnings per share. FormFactor’s revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, sell-side analysts predict that FormFactor will post 2.7 earnings per share for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 11,890 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total value of $1,442,851.50. Following the completion of the transaction, the chief executive officer directly owned 435,147 shares in the company, valued at $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of FormFactor stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the transaction, the director directly owned 29,073 shares in the company, valued at approximately $4,404,268.77. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 29,096 shares of company stock valued at $3,670,022. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Large investors have recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of FormFactor in the second quarter valued at $25,000. Persistent Asset Partners Ltd purchased a new position in shares of FormFactor during the second quarter valued at $43,000. Los Angeles Capital Management LLC acquired a new position in FormFactor during the fourth quarter valued at $25,000. Allworth Financial LP acquired a new position in FormFactor during the second quarter valued at $72,000. Finally, USA Financial Formulas purchased a new stake in FormFactor in the 1st quarter worth about $46,000. 98.76% of the stock is 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.