FormFactor (NASDAQ:FORM) Shares Gap Down – Here’s Why

FormFactor, Inc. (NASDAQ:FORM) gapped down prior to trading on Monday . The stock had previously closed at $114.95, but opened at $104.24. FormFactor shares last traded at $107.5430, with a volume of 131,944 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on FORM. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a report on Monday, July 27th. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. B. Riley Financial raised FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, TD Cowen reduced their price objective on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, FormFactor presently has an average rating of “Moderate Buy” and a consensus target price of $127.45.

FormFactor Stock Performance

The firm has a market cap of $7.93 billion, a P/E ratio of 69.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.08. The stock’s 50-day moving average is $110.65 and its 200 day moving average is $118.01.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The firm had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, research analysts predict that FormFactor, Inc. will post 2.7 earnings per share for the current year.

Insider Activity

In related news, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the sale, the director directly owned 24,426 shares of the company’s stock, valued at approximately $2,347,338.60. This represents a 7.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mike Slessor sold 16,002 shares of the firm’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 sale, the chief executive officer owned 484,204 shares in the company, valued at $63,406,513.80. This trade represents a 3.20% decrease in their ownership of the stock. 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. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC boosted its position in FormFactor by 26.0% during the 2nd quarter. Tidal Investments LLC now owns 31,220 shares of the semiconductor company’s stock worth $4,993,000 after acquiring an additional 6,440 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of FormFactor by 7.8% during the 2nd quarter. WINTON GROUP Ltd now owns 4,362 shares of the semiconductor company’s stock worth $698,000 after acquiring an additional 314 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of FormFactor in the second quarter valued at approximately $208,000. Integrated Wealth Concepts LLC acquired a new stake in shares of FormFactor in the second quarter valued at approximately $172,000. Finally, NewEdge Advisors LLC bought a new stake in shares of FormFactor in the second quarter worth $247,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc is a semiconductor test and measurement company that develops and manufactures equipment and components used to evaluate integrated circuits during wafer fabrication and final testing. Its products help semiconductor manufacturers and research organizations measure electrical performance, identify defects and improve yields before chips are packaged and shipped.

The company’s product portfolio includes advanced wafer probe cards, which establish electrical connections with semiconductor wafers during automated testing, as well as engineering probe systems, probe stations and related measurement technologies.