FormFactor (NASDAQ:FORM) Shares Gap Down Following Insider Selling

FormFactor, Inc. (NASDAQ:FORM) shares gapped down prior to trading on Tuesday after an insider sold shares in the company. The stock had previously closed at $138.16, but opened at $129.28. FormFactor shares last traded at $126.2180, with a volume of 228,345 shares trading hands.

Specifically, CEO Mike Slessor sold 16,002 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $130.95, for a total value of $2,095,461.90. Following the sale, the chief executive officer directly owned 484,204 shares of the company’s stock, valued at $63,406,513.80. This represents a 3.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

FORM has been the subject of several recent research reports. Northland Securities set a $118.00 target price on shares of FormFactor in a report on Thursday, April 30th. Stifel Nicolaus set a $135.00 price target on shares of FormFactor in a report on Thursday, April 30th. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Tuesday, May 12th. Finally, Evercore set a $150.00 price objective on FormFactor in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Trading Down 9.3%

The company has a market cap of $9.77 billion, a price-to-earnings ratio of 85.36 and a beta of 1.25. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $123.12 and its 200 day moving average is $115.20.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.21. The company had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Research analysts predict that FormFactor, Inc. will post 2.7 EPS for the current year.

Hedge Funds Weigh In On FormFactor

Several institutional investors and hedge funds have recently modified their holdings of FORM. UBS Group AG increased its position in shares of FormFactor by 38.8% in the fourth quarter. UBS Group AG now owns 283,393 shares of the semiconductor company’s stock valued at $15,808,000 after buying an additional 79,240 shares in the last quarter. Fisher Asset Management LLC grew its stake in FormFactor by 206.4% in the 4th quarter. Fisher Asset Management LLC now owns 436,045 shares of the semiconductor company’s stock valued at $24,323,000 after acquiring an additional 293,746 shares during the period. Hanseatic Management Services Inc. acquired a new stake in FormFactor in the 1st quarter valued at $1,334,000. Jackson Creek Investment Advisors LLC purchased a new stake in FormFactor in the 4th quarter worth $1,704,000. Finally, WINTON GROUP Ltd purchased a new stake in FormFactor in the 4th quarter worth $610,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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.