Analysts Set Expectations for FormFactor FY2024 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Zacks Research upped their FY2024 earnings per share (EPS) estimates for FormFactor in a note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings of $0.74 per share for the year, up from their prior forecast 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.

A number of other brokerages have also issued reports on FORM. Needham & Company LLC cut their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. DA Davidson boosted their price target on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, TD Cowen dropped their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, FormFactor currently has an average rating of “Hold” and a consensus price target of $55.38.

FormFactor Stock Up 1.3 %

Shares of NASDAQ FORM opened at $41.33 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 23.75 and a beta of 1.12. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor has a 52-week low of $36.11 and a 52-week high of $63.63. The business’s 50 day moving average is $43.21 and its two-hundred day moving average is $49.99.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 530,276 shares in the company, valued at $24,010,897.28. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On FormFactor

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in FormFactor by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company’s stock valued at $439,074,000 after acquiring an additional 154,361 shares in the last quarter. Earnest Partners LLC boosted its stake in FormFactor by 0.6% in the first quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock valued at $277,942,000 after acquiring an additional 37,781 shares in the last quarter. State Street Corp boosted its stake in FormFactor by 1.4% in the third quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after acquiring an additional 39,784 shares in the last quarter. Hood River Capital Management LLC boosted its stake in FormFactor by 7.2% in the first quarter. Hood River Capital Management LLC now owns 2,079,052 shares of the semiconductor company’s stock valued at $94,867,000 after acquiring an additional 140,223 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in FormFactor by 3.7% in the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock valued at $95,105,000 after acquiring an additional 73,982 shares in the last quarter. Institutional investors and hedge funds own 98.76% 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.