FormFactor (NASDAQ:FORM) Stock Price Down 7.3% – What’s Next?

FormFactor, Inc. (NASDAQ:FORM)’s stock price dropped 7.3% during mid-day trading on Monday . The company traded as low as $117.44 and last traded at $115.4450. Approximately 271,458 shares traded hands during trading, a decline of 84% from the average daily volume of 1,680,577 shares. The stock had previously closed at $124.59.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of recent analyst reports. Citigroup raised their price objective on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Piper Sandler set a $100.00 target price on FormFactor in a research report on Monday, February 2nd. Northland Securities set a $118.00 target price on FormFactor in a research report on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $175.00 target price on shares of FormFactor in a research report on Monday, April 27th. Finally, TD Cowen lifted their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Stock Performance

The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 136.45 and a beta of 1.32. 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 stock has a 50-day moving average price of $124.49 and a 200 day moving average price of $90.49.

FormFactor (NASDAQ:FORM) last announced 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. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The business had revenue of $226.14 million during the quarter, compared to the consensus estimate of $225.54 million. During the same period in the previous year, the company posted $0.23 earnings per share. The business’s revenue for the quarter 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, analysts forecast that FormFactor, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at FormFactor

In other news, Director Dennis Thomas St sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $115.84, for a total transaction of $115,840.00. Following the completion of the transaction, the director directly owned 31,873 shares of the company’s stock, valued at approximately $3,692,168.32. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 11,294 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $127.72, for a total value of $1,442,469.68. Following the transaction, the chief executive officer directly owned 449,565 shares of the company’s stock, valued at approximately $57,418,441.80. This represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 42,499 shares of company stock valued at $4,932,166. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FormFactor

A number of institutional investors and hedge funds have recently made changes to their positions in FORM. Victory Capital Management Inc. grew its position in shares of FormFactor by 5,596.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,256,545 shares of the semiconductor company’s stock worth $70,090,000 after buying an additional 1,234,488 shares in the last quarter. Morgan Stanley boosted its holdings in FormFactor by 98.5% in the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock valued at $126,708,000 after purchasing an additional 1,127,146 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in FormFactor in the fourth quarter valued at approximately $60,495,000. Westfield Capital Management Co. LP acquired a new position in FormFactor in the third quarter valued at approximately $37,391,000. Finally, Shannon River Fund Management LLC acquired a new position in FormFactor in the third quarter valued at approximately $35,260,000. 98.76% of the stock is owned by institutional investors and hedge funds.

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.