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

Shares of FormFactor, Inc. (NASDAQ:FORM) gapped down before the market opened on Monday . The stock had previously closed at $106.20, but opened at $101.32. FormFactor shares last traded at $109.2850, with a volume of 293,978 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FORM. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of FormFactor in a research note on Monday, July 27th. Northland Securities set a $118.00 target price on shares of FormFactor in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research cut shares of FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.45.

FormFactor Trading Up 3.4%

The firm has a market capitalization of $8.56 billion, a PE ratio of 74.74 and a beta of 1.25. The firm’s fifty day moving average is $124.07 and its two-hundred day moving average is $111.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The business had revenue of $258.24 million during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities analysts predict that FormFactor, Inc. will post 2.13 EPS for the current fiscal year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 11,890 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $121.35, for a total value 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 represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.47, for a total value of $484,127.16. Following the sale, the director directly owned 7,875 shares of the company’s stock, valued at $995,951.25. The trade was a 32.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 38,534 shares of company stock worth $4,864,118. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On FormFactor

Several large investors have recently made changes to their positions in FORM. Bank of America Corp DE increased its position in shares of FormFactor by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after purchasing an additional 108,487 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock worth $87,305,000 after buying an additional 73,644 shares during the last quarter. Morgan Stanley boosted its holdings in shares of FormFactor by 98.5% in the 4th quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares during the last quarter. Geode Capital Management LLC grew its position in FormFactor by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,885,847 shares of the semiconductor company’s stock valued at $105,208,000 after buying an additional 7,150 shares during the period. Finally, Sei Investments Co. grew its position in FormFactor by 3.5% during the third quarter. Sei Investments Co. now owns 1,640,144 shares of the semiconductor company’s stock valued at $59,734,000 after buying an additional 55,101 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

About FormFactor

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.