FormFactor (NASDAQ:FORM – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.
A number of other analysts also recently commented on FORM. TD Cowen increased their price target on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research report on Tuesday, May 12th. Freedom Capital raised FormFactor to a “hold” rating in a research report on Tuesday, January 27th. Itau BBA Securities raised FormFactor to an “outperform” rating in a research report on Tuesday, January 27th. Finally, Loop Capital set a $64.00 target price on FormFactor in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and an average target price of $132.45.
Read Our Latest Analysis on FormFactor
FormFactor Stock Performance
FormFactor (NASDAQ:FORM – Get Free Report) last issued 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. The company had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.FormFactor’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, sell-side analysts forecast that FormFactor will post 2.03 earnings per share for the current year.
Insiders Place Their Bets
In other FormFactor news, Director Brian C. White sold 3,250 shares of the firm’s stock in a transaction 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 sale, the director directly owned 8,653 shares of the company’s stock, valued at $1,090,278. This trade represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dennis Thomas St sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $115.84, for a total value of $115,840.00. Following the completion of the sale, the director directly owned 31,873 shares of the company’s stock, valued at $3,692,168.32. This represents a 3.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 42,499 shares of company stock valued at $4,932,166. Company insiders own 0.79% of the company’s stock.
Institutional Trading of FormFactor
A number of large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of FormFactor by 2.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock worth $419,000 after acquiring an additional 157 shares during the period. Blue Trust Inc. boosted its holdings in shares of FormFactor by 1.9% in the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after acquiring an additional 196 shares during the period. State of Wyoming boosted its holdings in shares of FormFactor by 18.4% in the third quarter. State of Wyoming now owns 1,680 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 261 shares during the period. UMB Bank n.a. boosted its holdings 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 acquiring an additional 281 shares during the period. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of FormFactor by 2.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock worth $635,000 after acquiring an additional 299 shares during the period. 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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