DA Davidson Decreases Earnings Estimates for FormFactor

FormFactor, Inc. (NASDAQ:FORM) – Analysts at DA Davidson dropped their FY2025 earnings per share estimates for FormFactor in a research note issued to investors on Thursday, May 1st. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of $0.74 per share for the year, down from their previous estimate of $0.90. DA Davidson has a “Buy” rating and a $45.00 price objective on the stock. The consensus estimate for FormFactor’s current full-year earnings is $0.90 per share.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The business had revenue of $171.36 million for the quarter, compared to analysts’ expectations of $170.03 million. During the same period in the previous year, the firm posted $0.18 EPS. The business’s revenue was up 1.6% on a year-over-year basis.

A number of other analysts also recently issued reports on FORM. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday. Evercore ISI decreased their target price on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating for the company in a research note on Thursday. B. Riley increased their target price on FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday. Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $51.00 in a research report on Monday, January 6th. Finally, Stifel Nicolaus decreased their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.71.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $30.26 on Monday. The firm has a market cap of $2.33 billion, a P/E ratio of 34.00 and a beta of 1.14. FormFactor has a twelve month low of $22.58 and a twelve month high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $29.16 and a 200 day moving average of $37.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of FormFactor in the fourth quarter worth about $27,000. Versant Capital Management Inc raised its holdings in shares of FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 861 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of FormFactor during the 4th quarter valued at approximately $43,000. Manchester Capital Management LLC grew its holdings in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. Finally, CWM LLC increased its position in FormFactor by 19.9% in the first quarter. CWM LLC now owns 2,303 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 382 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the transaction, the chief executive officer now directly owns 510,650 shares of the company’s stock, valued at approximately $16,197,818. This trade represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.

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.