DA Davidson Issues Negative Forecast for FormFactor Earnings

FormFactor, Inc. (NASDAQ:FORM - Free Report) - Equities research analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of FormFactor in a report issued on Thursday, October 31st. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings per share of $1.30 for the year, down from their prior forecast of $1.60. DA Davidson currently has a "Buy" rating and a $62.00 target price on the stock. The consensus estimate for FormFactor's current full-year earnings is $0.73 per share.

A number of other equities research analysts have also recently commented on the company. StockNews.com cut FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Needham & Company LLC reduced their price target on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday. TD Cowen decreased their price objective on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday. Finally, Stifel Nicolaus lifted their target price on FormFactor from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, FormFactor presently has an average rating of "Hold" and a consensus price target of $55.38.

FormFactor Stock Up 0.1 %

FormFactor stock traded up $0.02 on Monday, hitting $38.77. 1,412,320 shares of the stock traded hands, compared to its average volume of 581,524. FormFactor has a 1 year low of $33.36 and a 1 year high of $63.63. The business's fifty day simple moving average is $44.84 and its 200 day simple moving average is $50.60. The firm has a market cap of $3.00 billion, a P/E ratio of 22.40 and a beta of 1.12. The company has a current ratio of 4.76, a quick ratio of 3.64 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now directly owns 534,276 shares in the company, valued at $24,742,321.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Jorge Titinger sold 6,770 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now owns 12,970 shares of the company's stock, valued at approximately $543,961.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total transaction of $185,240.00. Following the transaction, the chief executive officer now owns 534,276 shares of the company's stock, valued at approximately $24,742,321.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,770 shares of company stock valued at $650,294. Company insiders own 0.96% of the company's stock.

Hedge Funds Weigh In On FormFactor

Institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in FormFactor in the second quarter worth about $38,000. Redwood Wealth Management Group LLC purchased a new position in shares of FormFactor during the 2nd quarter worth about $43,000. LRI Investments LLC bought a new position in FormFactor during the 1st quarter valued at about $70,000. Covestor Ltd raised its position in FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 1,541 shares during the period. Finally, CWM LLC lifted its stake in FormFactor by 25.5% in the second quarter. CWM LLC now owns 1,823 shares of the semiconductor company's stock worth $110,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

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.