FormFactor (NASDAQ:FORM) Issues Earnings Results, Misses Expectations By $0.14 EPS

FormFactor (NASDAQ:FORM - Get Free Report) announced its quarterly earnings results on Wednesday. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14), Zacks reports. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. FormFactor updated its Q1 2025 guidance to 0.030-0.110 EPS.

FormFactor Stock Down 6.5 %

FORM stock traded down $2.49 during midday trading on Friday, hitting $35.84. The company's stock had a trading volume of 1,448,182 shares, compared to its average volume of 891,268. The company's fifty day moving average price is $42.89 and its 200 day moving average price is $43.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.94. FormFactor has a twelve month low of $32.71 and a twelve month high of $63.63. The stock has a market capitalization of $2.78 billion, a P/E ratio of 40.27 and a beta of 1.07.

Analysts Set New Price Targets

FORM has been the subject of a number of research reports. Evercore ISI lowered their target price on FormFactor from $50.00 to $43.00 and set an "in-line" rating for the company in a research note on Thursday. Citigroup raised shares of FormFactor from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Stifel Nicolaus dropped their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday. B. Riley lowered shares of FormFactor from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $64.00 to $34.00 in a research note on Thursday. Finally, TD Cowen dropped their price target on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, FormFactor currently has an average rating of "Hold" and an average price target of $48.50.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 12,000 shares of company stock worth $496,040 in the last three months. Insiders own 0.96% of the company's stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.