FormFactor (NASDAQ:FORM) Shares Down 6.2% – Time to Sell?

Shares of FormFactor, Inc. (NASDAQ:FORM) dropped 6.2% during trading on Wednesday . The company traded as low as $114.57 and last traded at $116.6080. 351,327 shares changed hands during trading, a decline of 79% from the average daily volume of 1,676,025 shares. The stock had previously closed at $124.34.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FORM. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Tuesday, May 12th. Citigroup boosted their target price on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Thursday, June 11th. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FormFactor currently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Price Performance

The company has a market capitalization of $8.92 billion, a PE ratio of 79.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The stock has a 50 day moving average price of $123.20 and a two-hundred day moving average price of $115.56.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm’s revenue was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 16,002 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $130.95, for a total value of $2,095,461.90. Following the completion of the sale, the chief executive officer owned 484,204 shares of the company’s stock, valued at $63,406,513.80. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the transaction, the director directly owned 29,073 shares in the company, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,848 shares of company stock worth $5,240,144 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FormFactor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. bought a new position in shares of FormFactor in the second quarter valued at approximately $25,000. Los Angeles Capital Management LLC bought a new position in FormFactor in the 4th quarter worth $25,000. UMB Bank n.a. lifted its position in FormFactor by 128.9% during the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the last quarter. Torren Management LLC acquired a new position in FormFactor during the 4th quarter worth $41,000. Finally, Persistent Asset Partners Ltd bought a new stake in FormFactor during the second quarter valued at about $43,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.