FormFactor (NASDAQ:FORM) Upgraded to Hold at Wall Street Zen

Key Points

• FormFactor has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment towards the stock.
• The company's recent quarterly earnings report showed a miss on earnings per share estimates, with $0.27 EPS reported against a $0.30 consensus, despite achieving revenue above expectations.
• Several institutional investors have increased their stakes significantly in FormFactor, reflecting continued confidence among major stakeholders in the company's future prospects.

Wall Street Zen upgraded shares of FormFactor (NASDAQ:FORM - Free Report) from a sell rating to a hold rating in a report released on Saturday morning.

A number of other research firms also recently weighed in on FORM. Citigroup reissued 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. Stifel Nicolaus cut their price target on FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $38.29.

FormFactor Trading Down 2.2%

NASDAQ:FORM traded down $0.81 during trading hours on Friday, hitting $35.23. 1,900,212 shares of the stock were exchanged, compared to its average volume of 626,402. The company's 50 day moving average is $30.98 and its two-hundred day moving average is $30.97. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.72 billion, a P/E ratio of 62.91 and a beta of 1.24. FormFactor has a twelve month low of $22.58 and a twelve month high of $50.79.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $195.80 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, sell-side analysts anticipate that FormFactor will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kelley Steven-Waiss sold 3,600 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the completion of the transaction, the director owned 35,479 shares in the company, valued at $1,079,625.97. This trade represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total value of $118,200.00. Following the completion of the transaction, the director owned 13,126 shares of the company's stock, valued at $387,873.30. The trade was a 23.36% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently modified their holdings of FORM. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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. Public Employees Retirement System of Ohio acquired a new stake in FormFactor in the 4th quarter valued at about $27,000. AlphaQuest LLC lifted its stake in FormFactor by 96,900.0% in the 1st quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 969 shares during the last quarter. Versant Capital Management Inc lifted its stake in FormFactor by 256.3% in the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 861 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in FormFactor in the 1st quarter valued at about $42,000. Institutional investors own 98.76% of the company's stock.

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.