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FORM

Bearish signalScored 2026-10-20 Drivers: Congress, trend, fundamentals. Moteurs : Congrès, tendance, fondamentaux.

Research, not advice.

À propos

FormFactor, Inc.

Nom
FormFactor, Inc.
Secteur
Technology
Industrie
Semiconductors
Bourse
NASDAQ
Capitalisation
$7.8B
Employés
2,153
PDG
Michael D. Slessor
Site web
https://www.formfactor.com
Marché
AEHRASMVYATEYYCOHUINTTTER

FormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems. Within the Probe Cards segment, FormFactor supplies crucial components designed to verify the functionality of a wide array of integrated circuits. These include complex system-on-chip (SoC) products, processors for mobile applications, microcontrollers, graphics processors, and various memory devices such as dynamic random-access memory (DRAM) and NAND/NOR flash. Additionally, their probe cards support the testing of radio frequency (RF), analog, mixed-signal, image sensor, and electro-optical devices. The Systems division encompasses several specialized product lines. For instance, analytical probes are instrumental in applications such as device characterization, developing electrical simulation models, conducting failure analysis, and debugging prototype designs. These probes serve a diverse clientele including universities, research facilities, integrated device manufacturers (IDMs), semiconductor foundries, and fabless semiconductor companies. Furthermore, FormFactor provides probing systems that enable semiconductor design engineers to accurately capture and analyze critical data. They also offer surface metrology systems vital for product development, manufacturing, and quality assurance in semiconductor production. The company's thermal subsystems, such as thermal chucks, are incorporated into probe stations and other testing environments. Completing their portfolio are precision cryogenic instruments and associated test and measurement systems for semiconductors. Beyond hardware, FormFactor delivers comprehensive support services, including on-site maintenance for probe cards, specialized training programs, educational seminars, and telephone assistance. The company leverages a multi-channel sales strategy, utilizing a direct sales force, manufacturers' representatives, and independent distributors to market its offerings across major global markets. Its operational footprint spans the United States, Taiwan, South Korea, China, Japan, Europe, the broader Asia-Pacific region, and various other international territories.

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

VENTE TOTALE: 28 608 titres (~3 204 297,14 $ US)

Insiders
SLESSOR MIKE
Total bought
—

Avg buy (VWAP, 90d window) —

Total sold
$550,179

Avg sell (VWAP, 90d window) $110.34 vs last close $110.16 (-0.2%)

Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.

$348,368 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.

Last activity
2026-10-14
Liquidity
Liquid $224,407,112/day · 20d vol
Last synced
2026-10-19 21:53:17 Synced via automated research pipeline

Sign in to request a sync of this company's price history and timing levels.

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

Date Person Side Shares Price Value Form 4
2026-10-14 SLESSOR MIKE Sell · S · 10b5-1 1,200 $125.92 $151,104 Form 4
2026-09-16 SLESSOR MIKE Sell · S · 10b5-1 1,000 $105.80 $105,800 Form 4
2026-09-03 STEVEN-WAISS KELLEY Sell · S 2,100 $96.10 $201,810 Form 4
2026-08-14 SLESSOR MIKE Sell · S · 10b5-1 686 $133.33 $91,464 Form 4

Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

Date Member Side Amount range Filing
2026-08-05 Michael McCaul Buy $1,001 - $15,000 Filing
2026-08-04 Michael McCaul Buy $1,001 - $15,000 Filing

Recent trades

DateRepresentativeTypeAmount
2026-08-05Michael McCaulPurchase$1,001 - $15,000
2026-08-04Michael McCaulPurchase$1,001 - $15,000

Signal

Bearish signalScored 2026-10-20 Drivers: Congress, trend, fundamentals. Moteurs : Congrès, tendance, fondamentaux.

FORM presents a structurally weak investment case: despite a solid balance sheet (liquidity score 85), deteriorating fundamentals (score 35) and a low-conviction earnings catalyst (score 35, confidence 0.55) combine to…

The first sentence of the analysis written for FORM on 2026-10-20 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.

Bearish signal Drivers: Congress, trend, fundamentals. Moteurs : Congrès, tendance, fondamentaux.

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

  • Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
  • Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
  • Congress Supports a bullish reading. 2 purchase disclosures year to date
  • Timing Pulls against a bullish reading. Close is more than 0.5 ATR under stored support
  • Financial indicators Supports a bullish reading. Current ratio 4.50 · operating margin 8.2%

Suggested stop 99.71, nearest stored support minus 0.5 ATR(9.5% under the last close). Reward/risk to the next stored resistance is 2.85. Research, not advice. Not an order.

Recent news

Market snapshot

Financial ratios

MetricTrend2025-12-272024-12-282023-12-312022-12-312021-12-31
Gross Profit Margin39.1%40.3%39.0%39.6%41.9%
Ebit Margin8.6%10.5%13.5%7.8%12.9%
Ebitda Margin14.6%14.8%19.2%12.9%18.7%
Operating Profit Margin8.2%8.5%12.5%7.3%12.7%
Pretax Profit Margin8.6%10.4%13.5%7.7%12.8%
Continuous Operations Profit Margin6.9%9.1%12.4%6.8%10.9%
Net Profit Margin6.9%9.1%12.4%6.8%10.9%
Bottom Line Profit Margin6.9%9.1%12.4%6.8%10.9%
Current Ratio4.4974.6074.3773.1713.523
Quick Ratio3.6023.8333.5252.3482.773
Solvency Ratio0.5360.5170.6050.4440.627
Cash Ratio0.8341.4521.3560.7291.015
Price To Earnings Ratio82.94351.02239.34934.20042.333
Price To Earnings Growth Ratio-3.732-3.3800.624-0.8597.197
Forward Price To Earnings Growth Ratio-3.732-3.3800.624-0.8597.197
Price To Earnings Diluted Ratio84.14551.59639.72434.20043.132
Price To Earnings Diluted Growth Ratio-3.744-3.3860.646-0.8846.100
Price To Book Ratio4.3373.7473.5512.1344.360
Price To Sales Ratio5.7214.6514.8672.3064.621
Price To Free Cash Flow Ratio382.52344.899376.33925.92148.806
Price To Operating Cash Flow Ratio38.91630.21649.95413.08625.519
Debt To Assets Ratio0.0370.0340.0430.0500.062
Debt To Equity Ratio0.0430.0410.0530.0620.078
Debt To Capital Ratio0.0420.0400.0500.0590.072
Long Term Debt To Capital Ratio0.0220.0130.0140.0170.019
Financial Leverage Ratio1.1821.2091.2181.2471.251
Working Capital Turnover Ratio1.7311.6661.7282.1362.175
Operating Cash Flow Ratio0.9320.8950.4930.8810.937
Operating Cash Flow Sales Ratio0.1470.1540.0970.1760.181
Free Cash Flow Operating Cash Flow Ratio0.1020.6730.1330.5050.523
Debt Service Coverage Ratio10.92467.54380.38855.02113.537
Interest Coverage Ratio123.263154.976196.57094.839162.854
Short Term Operating Cash Flow Coverage Ratio13.115106.26960.095126.11115.605
Operating Cash Flow Coverage Ratio2.5732.9961.3422.6162.203
Capital Expenditure Coverage Ratio1.1133.0581.1532.0202.096
Dividend Paid And Capex Coverage Ratio1.1133.0581.1532.0202.096
Dividend Payout Ratio0.0000.0000.0000.0000.000
Enterprise Value Multiple38.60330.15924.36217.26524.152

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

MetricCurrentvs 1Y agovs 5Y avg
Gross Profit Margin 39.1% ▼-1.2% ▼-0.9%
Ebit Margin 8.6% ▼-1.8% ▼-2.0%
Ebitda Margin 14.6% ▼-0.1% ▼-1.4%
Operating Profit Margin 8.2% ▼-0.3% ▼-1.7%
Pretax Profit Margin 8.6% ▼-1.8% ▼-2.0%
Continuous Operations Profit Margin 6.9% ▼-2.2% ▼-2.3%
Net Profit Margin 6.9% ▼-2.2% ▼-2.3%
Bottom Line Profit Margin 6.9% ▼-2.2% ▼-2.3%
Current Ratio 4.497 ▼-0.110 ▲0.462
Quick Ratio 3.602 ▼-0.231 ▲0.386
Solvency Ratio 0.536 ▲0.019 ▼-0.010
Cash Ratio 0.834 ▼-0.618 ▼-0.243
Price To Earnings Ratio 82.943 ▲31.921 ▲32.973
Price To Earnings Growth Ratio -3.732 ▼-0.352 ▼-3.702
Forward Price To Earnings Growth Ratio -3.732 ▼-0.352 ▼-3.702
Price To Earnings Diluted Ratio 84.145 ▲32.549 ▲33.586
Price To Earnings Diluted Growth Ratio -3.744 ▼-0.358 ▼-3.491
Price To Book Ratio 4.337 ▲0.590 ▲0.712
Price To Sales Ratio 5.721 ▲1.070 ▲1.288
Price To Free Cash Flow Ratio 382.523 ▲337.624 ▲206.826
Price To Operating Cash Flow Ratio 38.916 ▲8.700 ▲7.378
Debt To Assets Ratio 0.037 ▲0.002 ▼-0.009
Debt To Equity Ratio 0.043 ▲0.002 ▼-0.012
Debt To Capital Ratio 0.042 ▲0.002 ▼-0.011
Long Term Debt To Capital Ratio 0.022 ▲0.009 ▲0.005
Financial Leverage Ratio 1.183 ▼-0.027 ▼-0.039
Working Capital Turnover Ratio 1.731 ▲0.065 ▼-0.156
Operating Cash Flow Ratio 0.932 ▲0.037 ▲0.104
Operating Cash Flow Sales Ratio 0.147 ▼-0.007 ▼-0.004
Free Cash Flow Operating Cash Flow Ratio 0.102 ▼-0.571 ▼-0.285
Debt Service Coverage Ratio 10.924 ▼-56.618 ▼-34.558
Interest Coverage Ratio 123.263 ▼-31.713 ▼-23.238
Short Term Operating Cash Flow Coverage Ratio 13.115 ▼-93.154 ▼-51.124
Operating Cash Flow Coverage Ratio 2.573 ▼-0.423 ▲0.227
Capital Expenditure Coverage Ratio 1.113 ▼-1.945 ▼-0.775
Dividend Paid And Capex Coverage Ratio 1.113 ▼-1.945 ▼-0.775
Dividend Payout Ratio 0.000 0.000 0.000
Enterprise Value Multiple 38.603 ▲8.444 ▲11.695

Key metrics

MetricTrend20252024202320222021
Market cap$4.49B$3.55B$3.23B$1.72B$3.56B
Enterprise value$4.43B$3.40B$3.10B$1.67B$3.47B
EV / Sales5.65x4.45x4.67x2.23x4.51x
EV / Op. cash flow38.41x28.93x47.95x12.64x24.89x
EV / Free cash flow377.54x42.98x361.22x25.04x47.60x
EV / EBITDA38.60x30.16x24.36x17.27x24.15x
Net debt / EBITDA-0.51x-1.34x-1.02x-0.61x-0.61x
Current ratio4.50x4.61x4.38x3.17x3.52x
Income quality2.12x1.69x0.78x2.60x1.66x
Graham number$15$16$17$12$16
Graham net-net$3$4$3$2$3
Tax burden80.7%87.7%92.3%87.7%85.2%
Interest burden99.2%99.5%99.5%99.0%99.4%
Working capital$433.2M$473.8M$442.7M$324.9M$375.3M
Invested capital$941.8M$916.1M$891.6M$784.3M$805.7M
Return on assets4.4%6.1%7.4%5.0%8.2%
Operating ROA5.4%5.8%7.8%5.4%9.9%
Return on tangible assets5.5%7.4%9.2%6.6%10.9%
Return on equity5.3%7.3%9.1%6.3%10.3%
Return on invested capital4.7%5.5%7.8%5.6%9.4%
Return on capital employed5.8%6.4%8.5%6.4%11.2%
Earnings yield1.2%2.0%2.6%2.9%2.4%
Free cash flow yield0.3%2.2%0.3%3.9%2.0%
Capex / Op. cash flow89.8%32.7%86.7%49.5%47.7%
Capex / Depreciation220.9%116.8%149.6%171.6%149.4%
Capex / Sales13.2%5.0%8.4%8.7%8.6%
SG&A / Sales16.2%18.6%20.1%17.6%16.1%
R&D / Sales14.8%16.0%17.5%14.6%13.1%
Stock comp / Sales4.9%5.2%5.8%4.2%3.8%
Intangibles / Total assets19.0%18.3%19.3%23.6%24.4%
Days sales outstanding58d50d59d43d55d
Days payables outstanding36d50d58d56d47d
Operating cycle143d131d160d142d146d
Cash conversion cycle107d81d102d87d99d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation
Market cap ▲+26.5%EV / Sales ▲+26.8%EV / EBITDA ▲+28.0%EV / Op. cash flow ▲+9.482Earnings yield ▼-0.007Graham number ▼-1.205
Profitability
Return on equity ▼-0.021Return on assets ▼-0.016Return on invested capital ▼-0.009Return on capital employed ▼-0.005Operating ROA ▼-0.003Income quality ▲+0.434Tax burden ▼-0.070
Efficiency
Days sales outstanding ▲+8.462Days payables outstanding ▼-13.654Operating cycle ▲+11.729Cash conversion cycle ▲+25.382Capex / Sales ▲+0.082R&D / Sales ▼-0.012
Balance-sheet strength
Current ratio ▼-0.110Net debt / EBITDA ▲+0.835Working capital ▼-40590000.000Invested capital ▲+25676000.000Intangibles / Total assets ▲+0.007

Change over 5 years

Valuation
Market cap ▲+26.3%EV / Sales ▲+25.3%EV / EBITDA ▲+59.8%EV / Op. cash flow ▲+13.520Earnings yield ▼-0.011Graham number ▼-1.406
Profitability
Return on equity ▼-0.050Return on assets ▼-0.038Return on invested capital ▼-0.047Return on capital employed ▼-0.054Operating ROA ▼-0.045Income quality ▲+0.462Tax burden ▼-0.045
Efficiency
Days sales outstanding ▲+3.522Days payables outstanding ▼-11.019Operating cycle ▼-2.872Cash conversion cycle ▲+8.146Capex / Sales ▲+0.046R&D / Sales ▲+0.017
Balance-sheet strength
Current ratio ▲+0.975Net debt / EBITDA ▲+0.102Working capital ▲+57908000.000Invested capital ▲+136103000.000Intangibles / Total assets ▼-0.054

Employee count

Peer market caps