FormFactor (NASDAQ:FORM) Stock Rating Upgraded by Wall Street Zen

03 Aug 2026, 06:06 by Michael Walen · The Markets Daily

FormFactor (NASDAQ:FORM – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other brokerages have also recently issued reports on FORM. Northland Securities set a $118.00 price objective on FormFactor in a research note on Thursday, April 30th. Zacks Research lowered shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a research note on Thursday, April 30th. Finally, Citigroup boosted their price target on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.45.

Read Our Latest Stock Report on FormFactor

FormFactor Price Performance

Shares of NASDAQ FORM opened at $106.20 on Friday. The stock has a market cap of $8.28 billion, a P/E ratio of 72.74 and a beta of 1.25. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. FormFactor has a 12-month low of $26.08 and a 12-month high of $160.27. The business’s fifty day simple moving average is $124.07 and its 200-day simple moving average is $111.69.

FormFactor (NASDAQ:FORM – Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $240.00 million. During the same period last year, the business posted $0.27 earnings per share. FormFactor’s revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities analysts predict that FormFactor will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.47, for a total value of $484,127.16. Following the completion of the transaction, the director directly owned 7,875 shares of the company’s stock, valued at $995,951.25. This represents a 32.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian C. White sold 3,250 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total value of $409,500.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 38,534 shares of company stock worth $4,864,118. Corporate insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its position in shares of FormFactor by 2.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 157 shares during the last quarter. Blue Trust Inc. lifted its position in FormFactor by 1.9% in the first quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock valued at $1,022,000 after acquiring an additional 196 shares during the last quarter. UMB Bank n.a. lifted its position in FormFactor by 128.9% in the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in FormFactor by 2.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock valued at $635,000 after acquiring an additional 299 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in FormFactor by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

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

(Get Free Report)

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.