FormFactor (NASDAQ:FORM) Shares Down 6.3% – Here’s Why

FormFactor, Inc. (NASDAQ:FORM)’s share price traded down 6.3% during mid-day trading on Tuesday. The stock traded as low as $123.83 and last traded at $122.0870. 416,304 shares traded hands during trading, a decline of 75% from the average session volume of 1,652,116 shares. The stock had previously closed at $130.28.

Analyst Ratings Changes

Several brokerages have commented on FORM. TD Cowen dropped their target price on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus set a $115.00 price target on FormFactor in a report on Tuesday. Evercore set a $150.00 price target on FormFactor in a report on Thursday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating on shares of FormFactor in a research report on Tuesday, September 22nd. Finally, Wall Street Zen lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.83.

FormFactor Stock Performance

The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $120.18 and a 200-day moving average of $123.26. The firm has a market capitalization of $9.67 billion, a P/E ratio of 85.22 and a beta of 1.18.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.21. The firm had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. The business’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities analysts anticipate that FormFactor, Inc. will post 2.70 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kelley Steven-Waiss sold 2,100 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total transaction of $201,810.00. Following the transaction, the director directly owned 24,426 shares of the company’s stock, valued at $2,347,338.60. This trade represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mike Slessor sold 17,510 shares of FormFactor stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $104.73, for a total transaction of $1,833,822.30. Following the transaction, the chief executive officer directly owned 466,694 shares in the company, valued at approximately $48,876,862.62. This represents a 3.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 35,612 shares of company stock worth $4,131,094 over the last ninety days. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several institutional investors have recently added to or reduced their stakes in FORM. BlackRock Inc. purchased a new stake in FormFactor during the second quarter valued at about $1,676,772,000. Andar Capital Management HK Ltd bought a new stake in shares of FormFactor during the 2nd quarter valued at about $27,000,000. Bank of America Corp DE purchased a new stake in shares of FormFactor during the 2nd quarter valued at $285,257,000. Primecap Management Co. CA bought a new position in shares of FormFactor during the 2nd quarter valued at about $270,300,000. Finally, Reinhart Partners LLC. raised its position in FormFactor by 3.1% in the 3rd 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 develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company’s offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.