FormFactor (NASDAQ:FORM) Stock Price Down 7.2% – What’s Next?

FormFactor, Inc. (NASDAQ:FORM)’s stock price traded down 7.2% during mid-day trading on Monday . The stock traded as low as $97.04 and last traded at $96.5250. Approximately 137,745 shares traded hands during trading, a decline of 92% from the average daily volume of 1,701,208 shares. The stock had previously closed at $104.04.

Wall Street Analyst Weigh In

Several research firms have recently commented on FORM. TD Cowen lifted their target price on FormFactor from $80.00 to $150.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $135.00 price target on FormFactor in a report on Thursday, April 30th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, May 12th. Northland Securities set a $118.00 price objective on FormFactor in a report on Thursday, April 30th. Finally, Zacks Research downgraded shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, FormFactor has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 109.70 and a beta of 1.22. The company has a 50-day moving average price of $126.76 and a 200-day moving average price of $110.64.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The business had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. During the same period last year, the company posted $0.23 EPS. FormFactor’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, equities research analysts expect that FormFactor, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Sheri Rhodes sold 6,328 shares of FormFactor stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. This trade represents a 54.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mike Slessor sold 11,890 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the completion of the transaction, the chief executive officer directly owned 435,147 shares of the company’s stock, valued at $52,805,088.45. This trade represents a 2.66% decrease in their position. 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 quarter, insiders sold 38,534 shares of company stock valued at $4,864,118. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On FormFactor

Several large investors have recently modified their holdings of FORM. Everhart Financial Group Inc. acquired a new stake in shares of FormFactor during the second quarter worth about $207,000. MRA Advisory Group bought a new position in shares of FormFactor during the 2nd quarter valued at about $658,000. GAMMA Investing LLC grew its position in shares of FormFactor by 9.1% in the 2nd quarter. GAMMA Investing LLC now owns 5,910 shares of the semiconductor company’s stock valued at $945,000 after purchasing an additional 495 shares during the period. Empowered Funds LLC bought a new stake in FormFactor during the 1st quarter worth approximately $269,000. Finally, Parallel Advisors LLC increased its stake in FormFactor by 1,077.3% during the 1st quarter. Parallel Advisors LLC now owns 6,381 shares of the semiconductor company’s stock worth $619,000 after purchasing an additional 5,839 shares in the last quarter. 98.76% of the stock is currently owned by 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.