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FormFactor Inc (FORM) — chart, structure and Closelooknet read

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Company snapshot — FormFactor Inc

FORM in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
FormFactor makes probe cards, analytical probes, probe stations, and thermal and cryogenic systems used to test chips before they leave the wafer. It runs two segments, Probe Cards and Systems, serving makers of processors, memory, image sensors and other device types. The company is based in Livermore, California.
Where it sits in the stack
In our index, the Rubin Build-Out 100, FormFactor sits in Layer 3, Assembly & Test, within the Testing & Metrology sleeve. This sleeve covers the tester, inspection and metrology vendors that keep yield curves honest as chip nodes shrink, and FormFactor's probing tools are a constraint at the wafer-test step that precedes packaging.
Who it is priced against
Closelooknet's peer group places it with the Testing & Metrology sleeve, alongside Teradyne, Onto Innovation, KLA, Camtek, PDF Solutions, Cohu, Nova and Aehr Test Systems; the market also names Advantest as a comparable equipment vendor.
Why Closelooknet tracks it
FormFactor is a Rubin Build-Out 100 constituent and carries a Closelooknet score whose momentum module is the one the diary watches most closely on this name. The Midday 10 has quoted it during a semi-equipment sell-off.
What the diary watches
Whether probe-card demand keeps tracking the mix of new device types being tested, and whether the wider test-and-metrology group moves together when equipment orders come into question.

FormFactor Inc (FORM) trades on US exchanges, classified under Technology, and sits in Layer 3 of the build-out stack. Constituent of Rubin Build-Out 100.

The Closelooknet company score reads 48/100 composite (momentum 46, quality 49, valuation 20) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelooknet reading that exists for FORM, from the same nightly bakes the boards use. Research diary readings, not advice.

Who it is priced against Rubin Build-Out 100 · Testing & Metrology · 8 names with week and year-to-date

Peer group

Rubin Build-Out 100 · Testing & Metrology

ATE testers, inspection, and metrology vendors. The constraint that keeps yield curves honest at every node shrink.

  • TERTeradyne Inc
    day
    −2.4%
    vs 50d
    +6.2%
    off high
    −20.2%
    score
    56

    flow: losing force

  • ONTOOnto Innovation Inc
    day
    −0.5%
    vs 50d
    +0.5%
    off high
    −26.9%
    score
    55

    flow: losing force

  • KLACKLA Corporation
    day
    −0.2%
    vs 50d
    −1.2%
    off high
    −38.8%
    score
    51

    flow: losing force

  • COHUCohu Inc
    day
    −0.1%
    vs 50d
    +22.6%
    off high
    −13.6%
    score
    43

    flow: losing force

  • CAMTCamtek Ltd
    day
    −2.8%
    vs 50d
    −0.3%
    off high
    −31.9%
    score
    42

    flow: losing force

  • PDFSPDF Solutions Inc
    day
    0.0%
    vs 50d
    +2.5%
    off high
    −32.4%
    score
    42

    flow: losing force

  • AEHRAehr Test Systems
    day
    −3.2%
    vs 50d
    +3.4%
    off high
    −33.9%
    score
    41

    flow: losing force

  • NVMINova Ltd
    day
    −1.1%
    vs 50d
    −5.8%
    off high
    −40.6%
    score
    41

    flow: getting weaker

Compared against FORM on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Versus its index Rubin Build-Out 100 — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelooknet index and its own sleeve — equal-weight, nightly closes.

Rubin Build-Out 100 · as of 2026-09-24

DayWeekMonth3 months
FORM−1.7%+15.7%+19.8%−13.3%
Testing & Metrology+0.5%+8.4%+6.3%—
Rubin Build-Out 100−0.5%+6.3%+3.8%—

Against the index: 9.4 pts ahead on the week, 16.0 pts ahead on the month; against its Testing & Metrology sleeve 13.5 pts ahead on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Dividends and capital return no distribution in twelve months · buybacks 26 m USD in FY2025

Dividends and capital return

What FORM pays out and buys back — distributions read from the price series, money terms from the filings.

  • Distributions No cash distribution recorded in the price series over the last three years
  • Buybacks, FY2025 26 m USD 0.3% of today's market value
  • Share count −0.2% in FY2025 39 m USD of stock-based compensation in the year
  • Capital returned 26 m USD · 224% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

How it trades on rate days beta 0.53 to TLT · on the worst bond days it held up better than the market

How it trades on rate days

How FORM has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.53 — shows only a loose link to bond moves for every 1% move in TLT (20+ year Treasuries), FormFactor Inc moved 0.53% on average · correlation 0.06 · higher than 55% of US names
  • Beta, last 3 months 0.15 less rate-sensitive lately than over the year
  • On the 10 worst bond days +0.37% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −1.69% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 60/100 · S&P 500 fund at 66, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-24
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 99th percentile of the window, +10.1% over 20 sessions. Factor regime → 2026-09-24
  • Sector × region Technology in US: +3.7% week · +7.3% month · +5.6% quarter · +39.8% yearThe Sector Engine cell this name lives in, from XLK.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-09-24
  • Sovereign pressure Index 0.75 · up 0.21 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-24

FAQ · from the current data · as of 2026-09-25

Quick answers

What is FormFactor Inc (FORM)?

FormFactor Inc trades as FORM on the US exchange (US) and is classified under Technology in the Closelooknet research universe, as of the registry build of 2026-09-25.

Is FORM in a Closelooknet index?

Yes — FormFactor Inc is a constituent of Rubin Build-Out 100, as of 2026-09-25.

What is FormFactor Inc's Closelooknet composite score?

48 out of 100, with momentum 46, quality 49 and valuation 20 sub-scores, as of 2026-09-25. Scores are Closelooknet's own research readings, not ratings or investment advice.

Where does FORM trade against its moving averages?

Up 4.2% at the close: Above both trend lines; one of the day's strongest moves. As of 2026-09-23 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How is FORM doing against its Closelooknet index?

Over the past month FormFactor Inc is +19.8% against +3.8% for the Rubin Build-Out 100 — 16.0 points ahead of its index, as of 2026-09-24. Its Testing & Metrology sleeve is +6.3% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

What does FormFactor Inc do?

FormFactor makes probe cards, analytical probes, probe stations, and thermal and cryogenic systems used to test chips before they leave the wafer. It runs two segments, Probe Cards and Systems, serving makers of processors, memory, image sensors and other device types. The company is based in Livermore, California. Closelooknet's peer group places it with the Testing & Metrology sleeve, alongside Teradyne, Onto Innovation, KLA, Camtek, PDF Solutions, Cohu, Nova and Aehr Test Systems; the market also names Advantest as a comparable equipment vendor.

Where does FormFactor Inc sit in the AI build-out?

In our index, the Rubin Build-Out 100, FormFactor sits in Layer 3, Assembly & Test, within the Testing & Metrology sleeve. This sleeve covers the tester, inspection and metrology vendors that keep yield curves honest as chip nodes shrink, and FormFactor's probing tools are a constraint at the wafer-test step that precedes packaging. FormFactor is a Rubin Build-Out 100 constituent and carries a Closelooknet score whose momentum module is the one the diary watches most closely on this name. The Midday 10 has quoted it during a semi-equipment sell-off.

Does FormFactor Inc pay a dividend?

No cash distribution shows in FormFactor Inc’s price series over the last three years. In fiscal 2025 the company bought back 26 m USD of its own shares, 224% of that year’s free cash flow. The share count fell 0.2% over the fiscal year. The "Dividends and capital return" block on this page carries the lines.

How does FormFactor Inc trade when bond yields rise?

Over the past year FormFactor Inc had a beta of 0.53 to TLT, the long-dated Treasury fund — it shows only a loose link to bond moves, higher than 55% of US names. On the 10 sessions in which long bonds fell most it moved +0.37% on average, against −0.74% for the S&P 500. The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about FormFactor Inc?

FormFactor Inc appears in 1 Closelooknet piece, most recently Midday 10: Semis break the 505 line at midday while bitcoin presses 80,000 (2026-08-24). What Closelooknet said most recently: FORM sheds 7.82 percent to 105.24, consistent with the wider semi-equipment and test complex trading sharply lower. (Midday 10, 2026-08-24). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

What does this page show?

A live price chart with SMA overlays and drawing tools for FORM, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

Mentioned on Closelooknet 1 piece · newest: Midday 10, “Semis break the 505 line at midday while bitcoin presses 80,000” (2026-08-24)

Mentioned on Closelooknet

Where FORM appears in the diary — 1 piece, newest first. Every link is our own writing.

Dailies

Related in the Closelooknet universe

same Closelooknet index seat first, then Semiconductor Equipment & Materials. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.