FormFactor (NASDAQ:FORM) Rating Increased to Hold at Zacks Research

Key Points

• FormFactor has received an upgrade from Zacks Research from a "strong sell" to a "hold" rating, indicating a more positive outlook for investors.
• Multiple analysts have recently adjusted their price targets for FormFactor, with Stifel Nicolaus raising it from $31.00 to $35.00, while B. Riley increased the target from $34.00 to $47.00.
• FormFactor reported Q2 earnings per share of $0.27, falling short of the $0.30 consensus, despite revenue of $195.80 million exceeding estimates.

FormFactor (NASDAQ:FORM - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on FORM. Stifel Nicolaus boosted their price objective on FormFactor from $31.00 to $35.00 and gave the company a "hold" rating in a research report on Monday, October 13th. Citigroup reaffirmed a "neutral" rating and issued a $31.00 price target (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of FormFactor in a research note on Wednesday, October 8th. B. Riley raised FormFactor from a "neutral" rating to a "buy" rating and boosted their price target for the company from $34.00 to $47.00 in a research note on Friday, October 10th. Finally, Wall Street Zen raised FormFactor from a "sell" rating to a "hold" rating in a research note on Saturday, September 20th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $41.00.

FormFactor Stock Performance

FORM opened at $43.52 on Monday. The stock has a market cap of $3.36 billion, a PE ratio of 77.71 and a beta of 1.28. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor has a 1 year low of $22.58 and a 1 year high of $50.79. The stock's 50 day simple moving average is $34.02 and its 200-day simple moving average is $32.31.

FormFactor (NASDAQ:FORM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). The firm had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Sell-side analysts forecast that FormFactor will post 0.9 EPS for the current year.

Insider Transactions at FormFactor

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

Institutional Investors Weigh In On FormFactor

Several large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its stake in FormFactor by 282.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 547 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of FormFactor in the third quarter valued at approximately $25,000. AlphaQuest LLC lifted its position in shares of FormFactor by 96,900.0% in the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 969 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of FormFactor in the first quarter worth $42,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in FormFactor by 208.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,843 shares of the semiconductor company's stock worth $63,000 after purchasing an additional 1,246 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

FormFactor Company Profile

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.

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