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

FormFactor (NASDAQ:FORM - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on FORM. B. Riley Financial upped their target price on FormFactor from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Tuesday, May 12th. TD Cowen upped their target price on FormFactor from $80.00 to $150.00 and gave the company a "hold" rating in a research report on Thursday, April 30th. Weiss Ratings upgraded FormFactor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, May 6th. Northland Securities set a $118.00 target price on FormFactor in a research report on Thursday, April 30th. Finally, Craig Hallum upgraded FormFactor from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $132.45.

FormFactor Trading Down 2.5%

NASDAQ FORM opened at $133.03 on Tuesday. The business's 50-day moving average price is $123.21 and its two-hundred day moving average price is $89.44. FormFactor has a 12 month low of $26.08 and a 12 month high of $159.09. The firm has a market capitalization of $10.37 billion, a PE ratio of 152.91 and a beta of 1.32. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.11. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The firm had revenue of $226.14 million for the quarter, compared to analyst estimates of $225.54 million. During the same quarter in the previous year, the company posted $0.23 EPS. The business's revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, analysts expect that FormFactor will post 2.03 EPS for the current year.

Insiders Place Their Bets

In other FormFactor news, CFO Aric Brendan Mckinnis sold 3,462 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian C. White sold 3,250 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $1,090,278. The trade was a 27.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 42,499 shares of company stock valued at $4,932,166. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently modified their holdings of FORM. Los Angeles Capital Management LLC purchased a new stake in shares of FormFactor in the fourth quarter worth approximately $25,000. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 281 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of 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 purchasing an additional 453 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of 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 purchasing an additional 882 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of FormFactor in the fourth quarter worth approximately $41,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.

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