FormFactor (NASDAQ:FORM) Downgraded by Wall Street Zen to "Buy"

Key Points

• Wall Street Zen downgraded FormFactor from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with a $127.45 price target.
• FormFactor reported strong quarterly results, with EPS of $0.82 versus the $0.61 estimate and revenue of $258.24 million, up 31.9% year over year.
• The stock opened at $117.39, while insiders sold 38,534 shares worth approximately $4.86 million over the past 90 days; institutional investors own 98.76% of the company.

FormFactor (NASDAQ:FORM - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Sunday.

Several other research firms also recently weighed in on FORM. B. Riley Financial raised shares of FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Zacks Research cut shares of FormFactor from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. TD Cowen cut their price objective 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. Citigroup raised their target price on shares of FormFactor to $165.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Stifel Nicolaus set a $135.00 target price on FormFactor in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.45.

FormFactor Stock Up 1.9%

Shares of FORM opened at $117.39 on Friday. The stock has a 50 day moving average price of $122.52 and a 200 day moving average price of $112.85. FormFactor has a one year low of $27.00 and a one year high of $160.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 80.40 and a beta of 1.25.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The company had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same quarter last year, the firm posted $0.27 EPS. The firm's revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities research analysts forecast that FormFactor will post 2.7 earnings per share for the current fiscal year.

Insider Activity at FormFactor

In other news, CEO Mike Slessor sold 11,890 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 435,147 shares in the company, valued at approximately $52,805,088.45. This represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director directly owned 5,375 shares of the company's stock, valued at $674,025. The trade was a 54.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,534 shares of company stock valued at $4,864,118 over the last 90 days. Corporate insiders own 0.79% of the company's stock.

Institutional Trading of FormFactor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. acquired a new position in FormFactor during the second quarter worth $521,000. WT Asset Management Ltd acquired a new stake in shares of FormFactor in the second quarter valued at $85,481,000. BlackRock Inc. acquired a new stake in shares of FormFactor in the second quarter valued at $1,676,772,000. Pallas Capital Advisors LLC purchased a new stake in shares of FormFactor in the 2nd quarter valued at $934,000. Finally, Deutsche Bank AG purchased a new stake in shares of FormFactor in the 2nd quarter valued at $22,472,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

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.

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