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

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of FormFactor in a research note on Wednesday, September 30th. They issued a “buy” rating and a $200.00 price objective on the stock. Stifel Nicolaus set a $115.00 target price on shares of FormFactor in a research note on Tuesday, October 13th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. TD Cowen dropped their price target on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research downgraded FormFactor from a “strong-buy” rating to a “hold” rating in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.83.

FormFactor Stock Down 13.3%

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 market capitalization of $7.59 billion, a price-to-earnings ratio of 66.50 and a beta of 1.18. The firm’s 50 day simple moving average is $119.51 and its 200-day simple moving average is $123.94.

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

Insider Transactions at FormFactor

In other FormFactor news, Director Kelley Steven-Waiss sold 2,100 shares of FormFactor stock in a transaction that occurred 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 sale, the director owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. The trade was a 7.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mike Slessor sold 11,098 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $125.20, for a total value of $1,389,469.60. Following the transaction, the chief executive officer owned 455,596 shares in the company, valued at $57,040,619.20. The trade was a 2.38% 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 90 days, insiders sold 46,710 shares of company stock valued at $5,520,564. 0.79% of the stock is owned by insiders.

Institutional Trading of FormFactor

Hedge funds have recently modified their holdings of the business. Root Financial Partners LLC purchased a new stake in FormFactor during the third quarter worth $58,000. SBI Securities Co. Ltd. grew its holdings in FormFactor by 32.4% in the third quarter. SBI Securities Co. Ltd. now owns 1,593 shares of the semiconductor company’s stock valued at $238,000 after purchasing an additional 390 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new stake in FormFactor in the third quarter valued at $77,000. Capstone Capital Management Ltd increased its position in shares of FormFactor by 44.6% in the third quarter. Capstone Capital Management Ltd now owns 19,151 shares of the semiconductor company’s stock valued at $2,859,000 after buying an additional 5,908 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of FormFactor by 7.3% in the third quarter. Pinnacle Associates Ltd. now owns 189,327 shares of the semiconductor company’s stock valued at $28,268,000 after buying an additional 12,830 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

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.