FormFactor (NASDAQ:FORM) Trading Down 7.3% – Here’s Why

FormFactor, Inc. (NASDAQ:FORM)’s stock price dropped 7.3% during trading on Friday . The company traded as low as $134.00 and last traded at $137.8270. 191,954 shares changed hands during trading, a decline of 88% from the average session volume of 1,655,423 shares. The stock had previously closed at $148.75.

Analyst Ratings Changes

FORM has been the subject of a number of research reports. Northland Securities set a $118.00 price target on FormFactor in a report on Thursday, April 30th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a report on Tuesday, May 12th. Stifel Nicolaus set a $135.00 target price on FormFactor in a research report on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 target price on shares of FormFactor in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and an average price target of $132.45.

FormFactor Trading Down 12.1%

The company has a market capitalization of $10.19 billion, a PE ratio of 150.28 and a beta of 1.26. The company’s fifty day moving average is $135.32 and its 200-day moving average is $101.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.55 and a quick ratio of 3.69.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The company had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. FormFactor’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. On average, analysts anticipate that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 11,890 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the sale, the chief executive officer owned 435,147 shares of the company’s stock, valued at $52,805,088.45. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director owned 5,375 shares in the company, valued at $674,025. This trade represents a 54.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 49,828 shares of company stock worth $6,306,587. Company insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

Several hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FormFactor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock worth $1,303,000 after acquiring an additional 2,001 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in FormFactor by 870.3% in the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in FormFactor by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $13,873,000 after acquiring an additional 53,310 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in FormFactor by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after acquiring an additional 9,394 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in FormFactor by 18.1% in the first quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock worth $1,514,000 after purchasing an additional 8,194 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

FormFactor Company Profile

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.