FormFactor (NASDAQ:FORM) Shares Down 7.5% – Should You Sell?

FormFactor, Inc. (NASDAQ:FORM) fell 7.5% on Thursday . The stock traded as low as $138.74 and last traded at $136.0930. Approximately 191,541 shares were traded during trading, a decline of 89% from the average daily volume of 1,734,749 shares. The stock had previously closed at $147.13.

Analyst Upgrades and Downgrades

Several analysts recently commented on FORM shares. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, June 11th. Northland Securities set a $118.00 target price on FormFactor in a report on Thursday, April 30th. Citigroup raised their target price on FormFactor to $165.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and a consensus target price of $132.45.

FormFactor Price Performance

The firm has a 50 day moving average price of $136.17 and a 200 day moving average price of $103.93. The stock has a market capitalization of $9.78 billion, a PE ratio of 144.65 and a beta of 1.21. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. FormFactor had a return on equity of 9.31% and a net margin of 8.14%.The company had revenue of $226.14 million for the quarter, compared to the consensus estimate of $225.54 million. During the same period in the previous year, the business earned $0.23 earnings per share. FormFactor’s quarterly revenue was up 31.9% compared to the same quarter last year. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. Research analysts anticipate that FormFactor, Inc. will post 2.03 earnings per share for the current year.

Insider Activity

In related news, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the completion of the sale, the director directly owned 29,073 shares of the company’s stock, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mike Slessor sold 11,890 shares of the firm’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 transaction of $1,442,851.50. Following the sale, the chief executive officer owned 435,147 shares in the company, valued at approximately $52,805,088.45. The trade was a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 49,828 shares of company stock worth $6,306,587. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of FormFactor

Several institutional investors and hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of FormFactor during the 4th quarter valued at $25,000. UMB Bank n.a. increased its stake in FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares in the last quarter. Torren Management LLC bought a new stake in FormFactor during the fourth quarter valued at about $41,000. Kestra Advisory Services LLC bought a new stake in FormFactor during the fourth quarter valued at about $53,000. Finally, Clearstead Advisors LLC lifted its position in shares of FormFactor by 58.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 389 shares in the last quarter. 98.76% of the stock is currently owned by 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.