DA Davidson Cuts FormFactor (NASDAQ:FORM) Price Target to $45.00

FormFactor (NASDAQ:FORM) had its target price lowered by DA Davidson from $50.00 to $45.00 in a report issued on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the semiconductor company’s stock. DA Davidson also issued estimates for FormFactor’s Q2 2025 earnings at $0.20 EPS and FY2026 earnings at $1.35 EPS.

FORM has been the topic of a number of other reports. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday. Evercore ISI lowered their price target on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a research report on Thursday. Stifel Nicolaus dropped their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, B. Riley lifted their price target on shares of FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, FormFactor has a consensus rating of “Hold” and an average price target of $42.71.

FormFactor Stock Up 4.5 %

FORM opened at $30.26 on Thursday. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $29.16 and its 200 day simple moving average is $37.21. FormFactor has a 1-year low of $22.58 and a 1-year high of $63.63. The stock has a market cap of $2.33 billion, a PE ratio of 34.00 and a beta of 1.14.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The firm had revenue of $171.36 million for the quarter, compared to analysts’ expectations of $170.03 million. During the same period in the prior year, the firm earned $0.18 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts expect that FormFactor will post 0.9 earnings per share for the current year.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $28.24, for a total value of $112,960.00. Following the transaction, the chief executive officer now directly owns 514,650 shares of the company’s stock, valued at $14,533,716. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 12,000 shares of company stock worth $395,760. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FormFactor

Large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor during the 4th quarter worth $27,000. Pinpoint Asset Management Ltd bought a new position in shares of FormFactor in the fourth quarter worth about $43,000. Manchester Capital Management LLC boosted its stake in shares of FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 861 shares during the last quarter. Finally, IFP Advisors Inc increased its position in FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 1,609 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.