Zacks Research Equities Analysts Increase Earnings Estimates for FormFactor, Inc. (NASDAQ:FORM)

FormFactor, Inc. (NASDAQ:FORM) – Equities research analysts at Zacks Research increased their Q1 2025 earnings per share estimates for shares of FormFactor in a research note issued on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $0.17 per share for the quarter, up from their previous forecast of $0.16. The consensus estimate for FormFactor’s current full-year earnings is $0.63 per share.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. FormFactor had a return on equity of 2.43% and a net margin of 12.42%. The company had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. TD Cowen raised their price objective on FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. Needham & Company LLC reissued a “buy” rating and set a $46.00 price target on shares of FormFactor in a report on Thursday, February 8th. Finally, Evercore ISI began coverage on shares of FormFactor in a report on Tuesday. They set an “in-line” rating and a $50.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and an average target price of $42.56.

FormFactor Stock Down 2.0 %

NASDAQ:FORM opened at $42.09 on Thursday. The company has a current ratio of 4.38, a quick ratio of 3.52 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $43.61 and a 200-day moving average of $39.77. The firm has a market capitalization of $3.26 billion, a PE ratio of 39.71 and a beta of 1.18. FormFactor has a 52 week low of $24.88 and a 52 week high of $47.94.

Institutional Trading of FormFactor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of FormFactor by 81.1% during the 4th quarter. Wellington Management Group LLP now owns 1,927,281 shares of the semiconductor company’s stock worth $80,387,000 after acquiring an additional 862,885 shares during the period. Norges Bank bought a new stake in shares of FormFactor during the fourth quarter worth approximately $18,309,000. Alliancebernstein L.P. grew its position in shares of FormFactor by 24.2% in the second quarter. Alliancebernstein L.P. now owns 3,485,470 shares of the semiconductor company’s stock valued at $119,273,000 after purchasing an additional 678,330 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in FormFactor by 122.1% during the 4th quarter. Point72 Asset Management L.P. now owns 1,057,308 shares of the semiconductor company’s stock worth $44,100,000 after purchasing an additional 581,308 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in FormFactor by 48.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,331,861 shares of the semiconductor company’s stock valued at $29,607,000 after buying an additional 435,063 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.94, for a total transaction of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at $22,776,179.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Shai Shahar sold 10,000 shares of FormFactor stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.12, for a total value of $421,200.00. Following the sale, the chief financial officer now owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock worth $1,223,580 over the last 90 days. Insiders own 0.96% of the company’s stock.

About FormFactor

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.