FormFactor, Inc. (FORM) shares tumbled 7.3% to $105.01 as of October 17, 2026, a significant decline from the prior close of $113.34. BestStocks flagged the session as a major change for FORM. The move is tied to price move down. Below, we break down what changed for FORM, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
FORM fell 7.3% to $105.01
FORM tumbled 7.3% in its latest session, moving from $113.34 to $105.01.
Material / EarningsLow confidence
Rel. volume
1.0×
Below Avg
Vs peers
—
No comparable peers
Market cap
$8.2B
NASDAQ Global Select
Analyst target
$155
+47.3% vs price
Price chart
Sep 16 – Oct 16
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for FormFactor, Inc. investors
For FormFactor, Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Positive price momentum; Positive price momentum. Weighing against that: Material negative event; Sharp 7.3% decline — elevated risk. Wall Street's consensus price target sits at $154.71, implying +47.3% upside from $105.01. BestStocks rates the overall signal quality low (58/100). With earnings roughly 11 days out, the next report is the most likely near-term test of the move.
FORM price reaction
FORM last traded at $105.01, down $8.33 (-7.35%) from the previous close of $113.34. The session traded on 1.0× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $104.82 and $149.31, and it currently sits about 0% of the way up that band.
Bullish and bearish analyst opinions on FormFactor, Inc. (FORM)
The consensus analyst price target on FormFactor, Inc. (FORM) is $154.71, 47.3% above the recent $105.01. Over the past 90 days analysts logged 0 upgrades, 3 maintains, and 0 downgrades. Here is how the bullish and bearish cases on FORM line up.
▲ The bullish case
+Wall Street's consensus price target of $154.71 implies +47.3% upside from $105.01.
+The Street's most bullish target is $200.00 (+90.5%).
+Positive price momentum.
▼ The bearish case
−Material negative event.
−Sharp 7.3% decline — elevated risk.
−FormFactor filed a material event 8-K today, triggering a 6.2% intraday decline to $122.20 from $130.28 (SEC filing_snapshots).
−FormFactor fell 8.06% to $105.68 as a sector-wide semiconductor and technology selloff was triggered by AI safety warnings and calls for a frontier AI development slowdown, according to reporting cited by Google's AI Overview on finance.yahoo.com and cnbc.com.
−FormFactor shares fell 5.54% in early trading after Citigroup downgraded the stock to a lower rating.
Bull vs bear balanceBearish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Oct 17, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Analyst expectations
Consensus target: $155+47.3%
= 3 maintains
Freedom Capital Markets maintained Hold · 2026-10-05
FormFactor fell 6.63% to $119.59, driven by profit-taking and technical pullback after a multi-year AI-fueled rally that has left the stock trading at a high valuation multiple (P/E over 82), according to web research. The decline reflects broader consolidation and risk-off sentiment in semiconductor and equipment stocks. Trading volume stood at 688,530 shares (0.42x expected at this point in the session), below average for the time of day.
Risk2026-10-13-1.7%
FormFactor filed a material event 8-K today, triggering a 6.2% intraday decline to $122.20 from $130.28 (SEC filing_snapshots). The nature of the material event is not yet disclosed in the available evidence, but the filing's timing coincides with the sharp selloff in early trading.
FormFactor fell 6.83% to $130.13, driven by profit-taking following its recent S&P SmallCap 600 to MidCap 400 index transition (effective October 1, 2026) and a multi-month rally that left the stock vulnerable to revaluation ahead of Q3 earnings. Elevated valuation concerns and softer semiconductor sentiment also weighed on the name. Volume was below average at 0.52x the expected level 120 minutes into the session.
News2026-10-12-6.7%
FormFactor partners with Teradyne to combine probe, interface, and test technologies for semiconductor testing.
FormFactor surged 8.42% to $147.72 after Deutsche Bank initiated coverage with a Buy rating and $200 price target, citing a new second-source probe card win for Nvidia GPUs at TSMC with potential $200M+ revenue by 2028 (web_catalyst; CNBC, Yahoo Finance). Softer U.S. inflation data also lifted the broader semiconductor sector. Volume of 866K shares ran 1.62x the 180-minute average, consistent with a catalyst-driven move.
FormFactor, Inc. moved +5.38% intraday from $119.31 to $125.73. FormFactor CEO Mike Slessor Sells 17,510 Shares: The transaction was valued at ~$1.8 million based on a weighted average execution price of $104.73 per share on September 16, 2026. The traded volume represented 4% of the CEO's direct equity holdings held before the fil [2026-09-22]
FormFactor reported Q2 earnings beating analyst expectations on both profit and revenue—earnings of $0.82/share versus $0.61 consensus and $258.2M revenue versus $240M estimate (per investing.com)—driving a 6.54% intraday gain to $111.67. Volume of 323,576 shares traded 1.69x the historical average 70 minutes into the session, consistent with post-earnings activity.
FormFactor fell 8.06% to $105.68 as a sector-wide semiconductor and technology selloff was triggered by AI safety warnings and calls for a frontier AI development slowdown, according to reporting cited by Google's AI Overview on finance.yahoo.com and cnbc.com. Anthropic CEO Dario Amodei's weekend essay advocating cautious AI development and independent safety monitoring, endorsed by OpenAI's Sam Altman and Elon Musk, sparked fears that a deliberate development pause could dampen semiconductor capital-spending demand. Volume at 863k shares was normal for this point in the session (0.90x expected).
In-depth FORM event analyses
Permanent, dated analyses of FORM's most significant sessions.
FORM tumbled 7.3% to $105.01. No single company-specific catalyst was confirmed during the move window, and it looks technical.
How much did FORM stock fall?
FORM lost 7.35% ($8.33) versus the prior close of $113.34, last trading at $105.01 on 1.0× average volume.
When is FormFactor, Inc.'s next earnings date?
FORM's next earnings report is estimated for 2026-10-28 — about 11 days away.
What is the analyst price target for FORM?
The consensus analyst price target for FORM is $154.71, about 47.3% above the current $105.01. Over the past 90 days, analysts recorded 0 upgrades, 3 maintains, and 0 downgrades.
How BestStocks tracks FORM
This page is generated automatically by BestStocks' change-detection system after price move down was detected and verified against independent data sources. It draws on 20 tracked change events for FORM, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of October 17, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
