FormFactor (NASDAQ:FORM) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of FormFactor (NASDAQ:FORM) from a buy rating to a strong-buy rating in a report published on Saturday morning.

A number of other research firms have also issued reports on FORM. TD Cowen decreased their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Northland Securities set a $118.00 price target on FormFactor in a research report on Thursday, April 30th. Finally, Evercore set a $150.00 price target on shares of FormFactor in a report on Thursday. Six 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Stock Up 0.8%

FormFactor stock opened at $106.20 on Friday. The firm has a 50 day simple moving average of $124.07 and a 200 day simple moving average of $111.42. The company has a current ratio of 4.08, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. FormFactor has a 1-year low of $26.08 and a 1-year high of $160.27. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 72.74 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s quarterly revenue 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, analysts predict that FormFactor will post 2.13 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of FormFactor stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $126.47, for a total transaction of $484,127.16. Following the completion of the sale, the director owned 7,875 shares of the company’s stock, valued at approximately $995,951.25. This trade represents a 32.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mike Slessor sold 11,890 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total value of $1,442,851.50. Following the transaction, the chief executive officer owned 435,147 shares of the company’s stock, valued at approximately $52,805,088.45. The trade was a 2.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,534 shares of company stock valued at $4,864,118 in the last ninety days. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position 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 valued at $96,586,000 after purchasing an additional 108,487 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after buying an additional 73,644 shares during the last quarter. Morgan Stanley increased its holdings in shares of FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares during the last quarter. Geode Capital Management LLC raised its position in shares of FormFactor by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock valued at $105,208,000 after buying an additional 7,150 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of FormFactor by 3.5% during the 3rd quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after buying an additional 55,101 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

More FormFactor News

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: FormFactor reported second-quarter EPS of $0.82, well above the $0.61 consensus estimate, while revenue rose 31.9% year over year to $258.24 million, exceeding expectations of $240 million. FormFactor’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Management projected third-quarter EPS of $0.77–$0.95 and revenue of $260 million–$280 million, both above analyst consensus. The outlook reflects continued strength in high-bandwidth memory and AI-related demand, plus a systems recovery. FormFactor Q2 Earnings Call Highlights
• Positive Sentiment: The company cited record profitability, accelerating AI and high-performance-computing demand, capacity expansion, and a planned Farmers Branch facility ramp beginning in the fourth quarter. These developments could support longer-term growth if demand persists. FormFactor Q3 Forecast and Farmers Branch Ramp
• Neutral Sentiment: Recent commentary views the earnings improvement as encouraging but suggests future upside depends on execution, continued semiconductor investment, and the timing of longer-term opportunities such as co-packaged optics. FormFactor Q2 Review
• Negative Sentiment: TD Cowen lowered its price target from $150 to $100 and maintained a Hold rating, signaling limited near-term upside at the current valuation. Needham also maintained a Hold rating, citing strong near-term performance but a back-end-loaded growth outlook. FormFactor Rated Hold
• Negative Sentiment: A comparative Zacks analysis favored Aehr Test Systems over FormFactor for long-term growth, citing Aehr’s record bookings, AI-related backlog, and expanding burn-in portfolio. FORM vs. AEHR

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.