FormFactor (NASDAQ:FORM) Shares Gap Down – Should You Sell?

FormFactor, Inc. (NASDAQ:FORM)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $112.18, but opened at $103.48. FormFactor shares last traded at $101.6790, with a volume of 152,610 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FORM. TD Cowen decreased their price objective on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Evercore set a $150.00 price objective on FormFactor in a report on Thursday, July 30th. B. Riley Financial reaffirmed a “buy” rating on shares of FormFactor in a research note on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a report on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of FormFactor in a research note on Wednesday, September 30th. They set a “buy” rating and a $200.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.83.

FormFactor Stock Up 3.7%

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The firm has a 50-day simple moving average of $118.12 and a 200 day simple moving average of $123.71. The company has a market capitalization of $7.68 billion, a PE ratio of 67.47 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 12.80% and a return on equity of 13.44%. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts predict that FormFactor, Inc. will post 2.70 EPS for the current fiscal year.

Insider Activity at FormFactor

In other news, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the transaction, the director owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mike Slessor sold 17,510 shares of FormFactor stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total transaction of $1,833,822.30. Following the sale, the chief executive officer owned 466,694 shares in the company, valued at approximately $48,876,862.62. This represents a 3.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 46,710 shares of company stock valued at $5,520,564 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in FormFactor during the 2nd quarter valued at $1,676,772,000. Bank of America Corp DE acquired a new stake in FormFactor during the second quarter worth $285,257,000. Primecap Management Co. CA bought a new position in shares of FormFactor during the 2nd quarter worth about $270,300,000. Bank of New York Mellon Corp bought a new stake in FormFactor in the second quarter valued at about $103,844,000. Finally, Reinhart Partners LLC. lifted its stake in FormFactor by 3.1% during the third quarter. Reinhart Partners LLC. now owns 659,667 shares of the semiconductor company’s stock worth $98,495,000 after purchasing an additional 19,745 shares during the period. Institutional investors own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that designs and manufactures equipment and components used to evaluate integrated circuits during the wafer fabrication and production process. Its products help semiconductor manufacturers and suppliers measure electrical performance, identify defects and improve the development and manufacturing of advanced chips.

The company’s portfolio includes probe cards used for wafer-level testing, as well as probe stations, analytical systems and related accessories for semiconductor engineering and production applications.