FormFactor (NASDAQ:FORM) Raised 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 research note released on Saturday morning.

A number of other analysts also recently commented on the company. Stifel Nicolaus reduced their price objective on FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. Citigroup reaffirmed a "neutral" rating and set a $31.00 price target (down from $36.00) on shares of FormFactor in a report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.29.

FormFactor Trading Up 2.1%

Shares of NASDAQ FORM traded up $0.79 during mid-day trading on Friday, hitting $38.49. 87,300 shares of the company traded hands, compared to its average volume of 819,329. FormFactor has a 1 year low of $22.58 and a 1 year high of $50.79. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 68.75 and a beta of 1.24. 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 business has a 50 day moving average of $31.04 and a two-hundred day moving average of $31.00.

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 the consensus estimate of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The business had revenue of $195.80 million for the quarter, compared to analyst estimates of $190.17 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm's quarterly revenue was down .8% on a year-over-year basis. 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 at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the transaction, the director directly owned 13,126 shares of the company's stock, valued at approximately $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kelley Steven-Waiss sold 3,600 shares of the company's stock in a transaction that occurred on 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 in the company, 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

A number of large investors have recently added to or reduced their stakes in the stock. Earnest Partners LLC grew its position in FormFactor by 0.3% during the first quarter. Earnest Partners LLC now owns 6,055,121 shares of the semiconductor company's stock worth $171,299,000 after buying an additional 18,039 shares in the last quarter. Bank of America Corp DE lifted its stake in FormFactor by 4.0% during the second quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company's stock worth $96,586,000 after purchasing an additional 108,487 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of FormFactor by 170.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,094,421 shares of the semiconductor company's stock valued at $72,069,000 after acquiring an additional 1,319,345 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of FormFactor by 82.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company's stock valued at $55,554,000 after acquiring an additional 885,617 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of FormFactor by 64.8% in the 2nd quarter. Reinhart Partners LLC. now owns 1,904,698 shares of the semiconductor company's stock valued at $65,541,000 after acquiring an additional 749,088 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

About FormFactor

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.