FY2025 EPS Estimates for FormFactor Lowered by DA Davidson

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at DA Davidson reduced their FY2025 earnings per share estimates for shares of FormFactor in a research note issued on Thursday, October 31st. DA Davidson analyst T. Diffely now expects that the semiconductor company will earn $1.30 per share for the year, down from their prior forecast of $1.60. DA Davidson has a “Buy” rating and a $62.00 price objective on the stock. The consensus estimate for FormFactor’s current full-year earnings is $0.73 per share.

Several other analysts also recently weighed in on FORM. TD Cowen dropped their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Needham & Company LLC dropped their target price on shares of FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price target on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, FormFactor has a consensus rating of “Hold” and an average target price of $55.38.

FormFactor Trading Up 0.1 %

Shares of NASDAQ:FORM opened at $38.77 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.64. FormFactor has a 1 year low of $33.36 and a 1 year high of $63.63. The company has a market capitalization of $3.00 billion, a P/E ratio of 22.28 and a beta of 1.12. The business’s 50 day simple moving average is $44.84 and its 200 day simple moving average is $50.60.

Hedge Funds Weigh In On FormFactor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of FormFactor by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock worth $439,074,000 after buying an additional 154,361 shares during the period. Earnest Partners LLC boosted its stake in FormFactor by 0.6% in the 1st quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock worth $277,942,000 after purchasing an additional 37,781 shares during the period. Hood River Capital Management LLC lifted its stake in FormFactor by 7.2% in the 1st quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock worth $94,867,000 after purchasing an additional 140,223 shares in the last quarter. Sei Investments Co. grew its position in shares of FormFactor by 5.4% during the first quarter. Sei Investments Co. now owns 1,493,665 shares of the semiconductor company’s stock valued at $68,156,000 after purchasing an additional 76,032 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of FormFactor by 91.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after acquiring an additional 612,838 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.96% 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.