FormFactor (NASDAQ:FORM) Shares Gap Down – What’s Next?

FormFactor, Inc. (NASDAQ:FORM)’s share 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 changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FORM shares. B. Riley Financial raised shares of 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. Craig Hallum raised FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, May 12th. Evercore raised FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 target price on the stock in a report on Friday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 price target on shares of FormFactor in a research note on Monday, April 27th. Finally, Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.45.

FormFactor Stock Performance

The firm’s 50-day moving average price is $130.72 and its two-hundred day moving average price is $108.13. The company has a quick ratio of 3.69, a current ratio of 4.55 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.47 billion, a PE ratio of 125.09 and a beta of 1.22.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. FormFactor had a net margin of 8.14% and a return on equity of 9.31%. The firm had revenue of $226.14 million during the quarter, compared to analyst estimates of $225.54 million. During the same quarter last year, the business posted $0.23 EPS. The company’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, research 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 Sheri Rhodes sold 6,328 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the transaction, the director directly owned 5,375 shares of the company’s stock, valued at approximately $674,025. The trade was a 54.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rebeca Obregon-Jimenez sold 3,828 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $995,951.25. This represents a 32.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,534 shares of company stock valued at $4,864,118 over the last quarter. 0.79% of the stock is owned by insiders.

Hedge Funds Weigh In On FormFactor

Large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $1,303,000 after purchasing an additional 2,001 shares in the last quarter. Jones Financial Companies Lllp grew its position in FormFactor by 870.3% during the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company’s stock valued at $150,000 after purchasing an additional 4,743 shares in the last quarter. Goldman Sachs Group Inc. grew its position in FormFactor by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company’s stock valued at $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 grew its position in FormFactor by 5.7% during the first 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 in the last quarter. Finally, Intech Investment Management LLC increased its stake 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 buying an additional 8,194 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

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.