Analysts Set Expectations for FormFactor FY2024 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Analysts at Zacks Research raised their FY2024 earnings estimates for FormFactor in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the semiconductor company will earn $0.74 per share for the year, up from their prior estimate 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 analysts have also recently issued reports on the stock. DA Davidson increased their price target on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen cut their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. 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. Finally, StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.38.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $41.33 on Friday. The company has a 50-day simple moving average of $43.21 and a 200-day simple moving average of $49.99. FormFactor has a one year low of $36.11 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.75 and a beta of 1.12.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of FormFactor by 19.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,944 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 1,151 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of FormFactor in the 1st quarter valued at $123,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of FormFactor by 26.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,822 shares of the semiconductor company’s stock valued at $1,270,000 after purchasing an additional 5,770 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of FormFactor by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock valued at $439,074,000 after purchasing an additional 154,361 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of FormFactor by 3,951.3% in the 1st quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 1,541 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.