FormFactor (NASDAQ:FORM) Shares Down 6.3% – Time to Sell?

Shares of FormFactor, Inc. (NASDAQ:FORM) traded down 6.3% during mid-day trading on Tuesday. The company traded as low as $123.83 and last traded at $122.0870. 416,304 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,652,116 shares. The stock had previously closed at $130.28.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of FormFactor in a report on Tuesday, September 22nd. Evercore set a $150.00 target price on FormFactor in a report on Thursday, July 30th. Zacks Research raised FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft began coverage on FormFactor in a research note on Wednesday, September 30th. They issued a “buy” rating and a $200.00 target price for the company. Finally, Wall Street Zen lowered FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, FormFactor currently has an average rating of “Moderate Buy” and a consensus target price of $131.83.

FormFactor Stock Down 6.5%

The firm has a market capitalization of $9.33 billion, a P/E ratio of 81.99 and a beta of 1.18. The company has a fifty day simple moving average of $120.44 and a 200 day simple moving average of $123.53. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.21. The firm had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. The company’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, equities analysts expect that FormFactor, Inc. will post 2.70 EPS for the current fiscal year.

Insider Activity at FormFactor

In related news, Director Kelley Steven-Waiss sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the transaction, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. The trade was a 7.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Slessor sold 11,098 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $125.20, for a total value of $1,389,469.60. Following the completion of the transaction, the chief executive officer directly owned 455,596 shares in the company, valued at $57,040,619.20. This trade represents a 2.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 46,710 shares of company stock valued at $5,520,564 in the last three months. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On FormFactor

Large investors have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. acquired a new position in FormFactor in the 2nd quarter valued at $25,000. Persistent Asset Partners Ltd acquired a new stake in shares of FormFactor during the 2nd quarter worth $43,000. Mather Group LLC. acquired a new stake in shares of FormFactor during the 3rd quarter worth $44,000. Allworth Financial LP bought a new position in shares of FormFactor in the second quarter worth $72,000. Finally, USA Financial Formulas bought a new position in shares of FormFactor in the first quarter worth $46,000. 98.76% of the stock is currently owned by institutional investors.

FormFactor Company Profile

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company’s offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.