Why Is FORMFACTOR INC (FORM) Stock Moving Today?

Why FORM stock is down today

FormFactor Inc stock fell 7.55% to $114.95 in the session as semiconductor test equipment stocks faced broad selling pressure. The decline occurred despite a broader chip ETF showing relative resilience. Analysts and market observers noted the drop was not driven by earnings reports or downgrades but rather by a broader shift in investor sentiment toward the sector.

What Happened

Semiconductor test equipment stocks were broadly under pressure on Wednesday. FormFactor’s stock dropped nearly 6% as part of a wider sell-off that included Aehr Test Systems and Teradyne. The decline came amid a backdrop of mixed market activity for chip stocks, with some names like Microsoft and SanDisk seeing gains in other sessions. Despite these fluctuations, no significant earnings reports or analyst actions were cited as the immediate cause for the drop in FormFactor’s stock. Recent analyst activity included TD Cowen lowering its price target for the stock to $100 while maintaining a Hold rating, and Evercore ISI Group lowering its price target to $150 while maintaining an Outperform rating.

What The Data Shows

FormFactor’s stock has traded between $27.00 and $160.27 over the past 52 weeks. The stock is currently trading at a price-to-earnings ratio of 85.8, with trailing 12-month revenue growth of 18.0%. Insider transactions over the last 90 days have included six sell transactions totaling $5.8 million. The CEO, Mike Slessor, has sold shares on two occasions this year. The stock has printed 14 fresh 52-week lows on August 20, 2026. Volume has not been reported but is expected to be elevated given the magnitude of the move.

What To Watch

FormFactor has not scheduled earnings in the near term. Investors should monitor coverage breadth and analyst activity for further signals on the stock’s direction.