Wall Street Zen upgraded shares of FormFactor (NASDAQ:FORM – Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday.
A number of other equities analysts also recently issued reports on the company. Weiss Ratings downgraded FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. TD Cowen lowered their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, May 12th. Finally, Evercore set a $150.00 target price on FormFactor in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.45.
Get Our Latest Analysis on FORM
FormFactor Stock Up 2.4%
FormFactor (NASDAQ:FORM – Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The company had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities research analysts predict that FormFactor will post 2.13 earnings per share for the current fiscal year.
Insider Buying and Selling at FormFactor
In other FormFactor news, CEO Mike Slessor sold 11,890 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total value of $1,442,851.50. Following the completion of the sale, the chief executive officer directly owned 435,147 shares of the company’s stock, valued at approximately $52,805,088.45. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director directly owned 29,073 shares of the company’s stock, valued at $4,404,268.77. The trade was a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,534 shares of company stock valued at $4,864,118 in the last quarter. 0.79% of the stock is owned by company insiders.
Hedge Funds Weigh In On FormFactor
Several institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new stake in FormFactor during the fourth quarter worth $25,000. UMB Bank n.a. grew its stake in FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. Torren Management LLC bought a new position in FormFactor in the 4th quarter valued at $41,000. Kestra Advisory Services LLC bought a new position in FormFactor in the 4th quarter valued at $53,000. Finally, Clearstead Advisors LLC increased its position in shares of FormFactor by 58.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 389 shares during the last quarter. 98.76% of the stock is owned by institutional investors.
FormFactor Company Profile
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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