FormFactor (NASDAQ:FORM) Shares Gap Down – Should You Sell?

FormFactor, Inc. (NASDAQ:FORM)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $156.66, but opened at $138.50. FormFactor shares last traded at $142.0450, with a volume of 252,861 shares traded.

Wall Street Analysts Forecast Growth

FORM has been the topic of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $175.00 target price on shares of FormFactor in a research report on Monday, April 27th. Weiss Ratings raised FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Evercore upgraded shares of FormFactor from an “in-line” rating to an “outperform” rating and set a $155.00 price objective on the stock in a report on Friday, June 5th. Finally, Northland Securities set a $118.00 price objective on shares of FormFactor in a report on Thursday, April 30th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.45.

FormFactor Price Performance

The stock has a 50 day moving average of $134.89 and a 200-day moving average of $100.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 4.55. The company has a market cap of $11.03 billion, a PE ratio of 162.55 and a beta of 1.26.

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

Insider Transactions at FormFactor

In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total transaction of $793,531.20. Following the completion of the transaction, the director directly owned 5,375 shares of the company’s stock, valued at approximately $674,025. This trade represents a 54.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian C. White sold 3,250 shares of FormFactor stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $126.00, for a total transaction of $409,500.00. Following the sale, the director owned 8,653 shares of the company’s stock, valued at approximately $1,090,278. The trade was a 27.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,828 shares of company stock valued at $6,306,587 over the last quarter. Company insiders own 0.79% of the company’s stock.

Institutional Trading of FormFactor

A number of hedge funds and other institutional investors have recently made changes to their positions in FORM. Los Angeles Capital Management LLC acquired a new position in FormFactor during the fourth quarter valued at $25,000. UMB Bank n.a. raised its stake in shares of FormFactor by 128.9% during 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 purchased a new position in shares of FormFactor during the 4th quarter valued at about $41,000. Kestra Advisory Services LLC acquired a new position in shares of FormFactor in the 4th quarter valued at about $53,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 389 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.