FY2024 EPS Estimates for FormFactor Lifted by Zacks Research

FormFactor, Inc. (NASDAQ:FORM - Free Report) - Research analysts at Zacks Research boosted their FY2024 earnings per share estimates for shares of FormFactor in a report released on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings of $0.74 per share for the year, up from their previous forecast of $0.67. The consensus estimate for FormFactor's current full-year earnings is $0.73 per share. Zacks Research also issued estimates for FormFactor's Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.07 EPS, Q1 2026 earnings at $0.10 EPS, Q2 2026 earnings at $0.22 EPS, Q3 2026 earnings at $0.41 EPS and FY2026 earnings at $1.15 EPS.

Several other research firms have also recently commented on FORM. StockNews.com cut FormFactor from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Needham & Company LLC cut their price target on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, October 31st. TD Cowen decreased their price objective on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Finally, DA Davidson increased their target price on shares of FormFactor from $55.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, FormFactor currently has a consensus rating of "Hold" and a consensus target price of $55.38.

FormFactor Trading Up 1.1 %

NASDAQ FORM traded up $0.44 on Friday, reaching $41.22. The stock had a trading volume of 290,263 shares, compared to its average volume of 589,555. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $43.27 and a two-hundred day moving average price of $50.08. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 23.36 and a beta of 1.12. FormFactor has a 12-month low of $36.11 and a 12-month high of $63.63.

Institutional Trading of FormFactor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky increased its position in FormFactor by 7.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 47,821 shares of the semiconductor company's stock worth $2,200,000 after buying an additional 3,426 shares during the period. Geode Capital Management LLC increased its stake in FormFactor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock worth $95,105,000 after purchasing an additional 73,982 shares in the last quarter. Barclays PLC lifted its position in shares of FormFactor by 351.9% in the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company's stock valued at $6,692,000 after acquiring an additional 113,296 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in FormFactor during the third quarter valued at approximately $550,000. Finally, Main Management ETF Advisors LLC bought a new stake in shares of FormFactor in the 3rd quarter valued at approximately $750,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the sale, the chief executive officer now directly owns 530,276 shares of the company's stock, valued at approximately $24,010,897.28. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Company Profile

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.