FormFactor (NASDAQ:FORM) Trading Down 6.2% – Should You Sell?

FormFactor, Inc. (NASDAQ:FORM) shares traded down 6.2% during trading on Wednesday . The company traded as low as $114.57 and last traded at $116.6080. Approximately 351,327 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,676,025 shares. The stock had previously closed at $124.34.

Analyst Ratings Changes

FORM has been the subject of several recent analyst reports. Citigroup raised their target price on shares of FormFactor to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $135.00 price target on FormFactor in a research report on Thursday, April 30th. Weiss Ratings upgraded FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Craig Hallum raised 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. Finally, TD Cowen reduced their target price on FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Price Performance

The company’s 50-day moving average price is $122.89 and its two-hundred day moving average price is $116.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34. The company has a market capitalization of $8.90 billion, a P/E ratio of 78.16 and a beta of 1.25.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the previous year, the firm posted $0.27 EPS. FormFactor’s 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. As a group, sell-side analysts expect that FormFactor, Inc. will post 2.7 EPS for the current year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 16,002 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $130.95, for a total transaction of $2,095,461.90. Following the completion of the sale, the chief executive officer owned 484,204 shares in the company, valued at $63,406,513.80. The trade was a 3.20% decrease in their ownership of the stock. The sale 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 Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director directly owned 5,375 shares in the company, valued at $674,025. The trade was a 54.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,020 shares of company stock worth $4,756,017 over the last quarter. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of FormFactor by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company’s stock valued at $1,303,000 after acquiring an additional 2,001 shares during the period. Jones Financial Companies Lllp raised its stake in FormFactor by 870.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock worth $150,000 after purchasing an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in FormFactor by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock worth $13,873,000 after purchasing an additional 53,310 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in FormFactor by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company’s stock valued at $4,922,000 after purchasing an additional 9,394 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in FormFactor by 18.1% in the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company’s stock valued at $1,514,000 after purchasing an additional 8,194 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

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.