FormFactor, Inc. (NASDAQ:FORM – Free Report) – Stock analysts at DA Davidson issued their Q4 2023 EPS estimates for shares of FormFactor in a report released on Thursday, November 2nd. DA Davidson analyst T. Diffely anticipates that the semiconductor company will earn $0.11 per share for the quarter. DA Davidson has a “Buy” rating and a $42.00 price target on the stock. The consensus estimate for FormFactor’s current full-year earnings is $0.29 per share.
Other analysts have also recently issued research reports about the stock. B. Riley raised their price objective on shares of FormFactor from $40.00 to $45.00 in a research note on Monday, July 17th. Craig Hallum raised their price objective on shares of FormFactor from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Stifel Nicolaus raised their target price on shares of FormFactor from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Northland Securities raised their target price on shares of FormFactor from $32.00 to $35.00 in a report on Thursday, August 3rd. Finally, CL King raised their target price on shares of FormFactor from $37.00 to $43.00 in a report on Wednesday, July 19th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.67.
FormFactor Stock Up 1.6 %
FORM stock opened at $33.67 on Friday. FormFactor has a one year low of $18.46 and a one year high of $37.74. The stock has a market capitalization of $2.61 billion, a PE ratio of -374.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.88 and a current ratio of 3.85. The company has a fifty day moving average of $33.62 and a 200-day moving average of $32.23.
FormFactor (NASDAQ:FORM – Get Free Report) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). FormFactor had a positive return on equity of 1.24% and a negative net margin of 1.09%. The firm had revenue of $155.92 million during the quarter, compared to analyst estimates of $162.05 million.
Institutional Investors Weigh In On FormFactor
Several institutional investors have recently bought and sold shares of FORM. Norges Bank acquired a new stake in FormFactor in the 4th quarter valued at about $18,309,000. Alliancebernstein L.P. raised its holdings in FormFactor by 24.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,485,470 shares of the semiconductor company’s stock worth $119,273,000 after buying an additional 678,330 shares during the period. Victory Capital Management Inc. raised its holdings in FormFactor by 48.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,331,861 shares of the semiconductor company’s stock worth $29,607,000 after buying an additional 435,063 shares during the period. Morgan Stanley raised its holdings in FormFactor by 62.4% during the 4th quarter. Morgan Stanley now owns 881,988 shares of the semiconductor company’s stock worth $19,607,000 after buying an additional 338,969 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in FormFactor by 304.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 447,241 shares of the semiconductor company’s stock worth $15,305,000 after buying an additional 336,725 shares during the period. Institutional investors and hedge funds own 93.64% 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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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