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

FormFactor, Inc. (NASDAQ:FORM)’s share price gapped down prior to trading on Friday . The stock had previously closed at $119.44, but opened at $115.14. FormFactor shares last traded at $115.0820, with a volume of 99,103 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price objective for the company in a research report on Friday, June 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 price objective on shares of FormFactor in a research note on Monday, April 27th. Finally, Craig Hallum upgraded shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Trading Down 3.0%

The firm’s 50-day moving average is $132.83 and its 200 day moving average is $106.53. The company has a current ratio of 4.55, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 133.24 and a beta of 1.22.

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

Insiders Place Their Bets

In related news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $126.47, for a total value of $484,127.16. Following the completion of the sale, the director directly owned 7,875 shares in the company, valued at $995,951.25. This represents a 32.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis Thomas St sold 2,800 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $151.49, for a total value of $424,172.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,828 shares of company stock valued at $6,306,587 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of FormFactor

Institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV increased its position in FormFactor by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,509 shares of the semiconductor company’s stock valued at $419,000 after purchasing an additional 157 shares during the period. Blue Trust Inc. lifted its position in shares of FormFactor by 1.9% in the 1st quarter. Blue Trust Inc. now owns 10,542 shares of the semiconductor company’s stock worth $1,022,000 after purchasing an additional 196 shares during the period. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 281 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of FormFactor by 2.7% in the 4th quarter. Maryland State Retirement & Pension System now owns 11,385 shares of the semiconductor company’s stock valued at $635,000 after purchasing an additional 299 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of FormFactor by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,073 shares of the semiconductor company’s stock valued at $897,000 after purchasing an additional 370 shares during 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.