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

FormFactor (NASDAQ:FORM) had its price target dropped by equities research analysts at DA Davidson from $50.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s target price would suggest a potential upside of 48.71% from the stock’s previous close. DA Davidson also issued estimates for FormFactor’s Q2 2025 earnings at $0.20 EPS and FY2026 earnings at $1.35 EPS.

A number of other equities analysts also recently issued reports on the company. B. Riley upped their price target on FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a research note on Thursday. Stifel Nicolaus decreased 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 FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, Evercore ISI decreased their target price on FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research report on Thursday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.71.

FormFactor Stock Up 4.5 %

Shares of NASDAQ:FORM opened at $30.26 on Thursday. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 34.00 and a beta of 1.14. The firm’s 50 day moving average price is $29.16 and its 200 day moving average price is $37.26.

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

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction 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 approximately $14,533,716. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 12,000 shares of company stock worth $395,760 over the last 90 days. 0.90% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

Hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its position in FormFactor by 351.9% in the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock valued at $6,692,000 after purchasing an additional 113,296 shares during the period. Franklin Resources Inc. lifted its holdings in shares of FormFactor by 5.1% in the 3rd quarter. Franklin Resources Inc. now owns 388,744 shares of the semiconductor company’s stock valued at $18,940,000 after buying an additional 18,810 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of FormFactor by 14.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,870 shares of the semiconductor company’s stock valued at $362,000 after buying an additional 972 shares in the last quarter. Reinhart Partners LLC. grew its holdings in FormFactor by 4.4% during the fourth quarter. Reinhart Partners LLC. now owns 443,414 shares of the semiconductor company’s stock worth $19,510,000 after acquiring an additional 18,561 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in FormFactor by 19.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 250,916 shares of the semiconductor company’s stock worth $11,040,000 after acquiring an additional 40,612 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.