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

FormFactor, Inc. (NASDAQ:FORM) shares fell 7.3% on Friday . The stock traded as low as $134.00 and last traded at $137.8270. 191,954 shares traded 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

A number of analysts have weighed in on FORM shares. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price objective for the company in a research report on Friday, June 5th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Northland Securities set a $118.00 target price on shares of FormFactor in a research note on Thursday, April 30th. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Finally, Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and a consensus target price of $132.45.

FormFactor Stock Performance

The stock’s fifty day simple moving average is $135.30 and its 200-day simple moving average is $101.48. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.38 billion, a PE ratio of 153.11 and a beta of 1.26.

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

Insider Buying and Selling at FormFactor

In other FormFactor news, 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 transaction of $793,531.20. Following the completion of the transaction, the director owned 5,375 shares in the company, valued at approximately $674,025. The trade was a 54.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director owned 29,073 shares in the company, valued at $4,404,268.77. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 49,828 shares of company stock worth $6,306,587. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FORM. Bank of America Corp DE boosted its stake in shares of FormFactor by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock worth $96,586,000 after purchasing an additional 108,487 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of FormFactor by 3.2% during the third quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after buying an additional 73,644 shares during the period. Morgan Stanley lifted its stake in shares of FormFactor by 98.5% during the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after buying an additional 1,127,146 shares during the period. Geode Capital Management LLC raised its holdings in FormFactor by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock valued at $105,208,000 after acquiring an additional 7,150 shares during the last quarter. Finally, Sei Investments Co. increased its stake in FormFactor by 3.5% in the third quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after purchasing an additional 55,101 shares during the last quarter. 98.76% of the stock is currently 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.