Zacks Research upgraded FormFactor, Inc. from a hold to a strong buy rating. This shift follows a period of significant financial growth for the semiconductor test and measurement provider.
The company reported second-quarter earnings of $0.82 per share. This figure surpassed the analyst consensus estimate of $0.61 per share. Revenue for the quarter reached $258.24 million, a 31.9% increase compared to the previous year.
Lisanti Capital Growth LLC established a new $6.63 million stake in the company. The firm acquired 41,430 shares of FormFactor. The broader analyst consensus for the stock remains a moderate buy. The average price target is $127.45. FormFactor shares opened at $114.95 on Thursday.