FormFactor (NASDAQ:FORM) Raised to Strong-Buy at Zacks Research

FormFactor (NASDAQ:FORM) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. B. Riley Financial increased their price target on FormFactor from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Freedom Capital raised FormFactor to a “hold” rating in a report on Tuesday, January 27th. Loop Capital set a $64.00 price target on FormFactor in a report on Tuesday, January 27th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen raised FormFactor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.45.

FormFactor Price Performance

FORM stock opened at $133.03 on Tuesday. The company has a market capitalization of $10.37 billion, a P/E ratio of 152.91 and a beta of 1.32. FormFactor has a twelve month low of $26.08 and a twelve month high of $159.09. The business has a 50 day simple moving average of $123.21 and a 200-day simple moving average of $89.44. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01.

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

Insider Activity

In other FormFactor news, CFO Aric Brendan Mckinnis sold 3,462 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $90.42, for a total value of $313,034.04. Following the completion of the transaction, the chief financial officer owned 11,140 shares in the company, valued at approximately $1,007,278.80. This represents a 23.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian C. White sold 3,250 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $126.00, for a total value of $409,500.00. Following the completion of the transaction, the director owned 8,653 shares of the company’s stock, valued at $1,090,278. The trade was a 27.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 42,499 shares of company stock valued at $4,932,166. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in FormFactor in the fourth quarter worth $25,000. UMB Bank n.a. raised its position in FormFactor by 128.9% in 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 in the last quarter. Jones Financial Companies Lllp raised its position in FormFactor by 84.4% in the third quarter. Jones Financial Companies Lllp now owns 990 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 453 shares in the last quarter. Hantz Financial Services Inc. raised its position in FormFactor by 547.8% in the third quarter. Hantz Financial Services Inc. now owns 1,043 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 882 shares in the last quarter. Finally, Torren Management LLC purchased a new position in FormFactor in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

About FormFactor

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.