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

FormFactor, Inc. (NASDAQ:FORM)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $115.81, but opened at $110.00. FormFactor shares last traded at $111.2690, with a volume of 85,747 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have commented on FORM. Citigroup lifted their price target on FormFactor to $165.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings downgraded FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Northland Securities set a $118.00 price objective on FormFactor in a research note on Thursday, April 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $175.00 target price on shares of FormFactor in a report on Monday, April 27th. Finally, B. Riley Financial upgraded FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, FormFactor presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Trading Down 1.4%

The firm has a 50-day moving average price of $129.12 and a 200-day moving average price of $108.46. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 121.35 and a beta of 1.22. 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 posted 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. 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 analysts’ expectations of $225.54 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q2 2026 guidance at 0.570-0.650 EPS. As a group, sell-side analysts predict that FormFactor, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In related news, 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 value of $1,442,851.50. Following the transaction, the chief executive officer directly owned 435,147 shares of the company’s stock, valued at approximately $52,805,088.45. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the sale, the director owned 5,375 shares of the company’s stock, valued at $674,025. This trade represents a 54.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 38,534 shares of company stock worth $4,864,118. Insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

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

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.