DA Davidson Issues Negative Estimate for FormFactor Earnings

FormFactor, Inc. (NASDAQ:FORM) – Research analysts at DA Davidson reduced their FY2025 EPS estimates for FormFactor in a report issued on Thursday, July 31st. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will earn $0.64 per share for the year, down from their prior estimate of $0.74. DA Davidson currently has a “Buy” rating and a $45.00 target price on the stock. The consensus estimate for FormFactor’s current full-year earnings is $0.90 per share. DA Davidson also issued estimates for FormFactor’s FY2026 earnings at $1.15 EPS.

Other analysts have also recently issued reports about the company. B. Riley upped their target price on FormFactor from $26.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Wall Street Zen cut shares of FormFactor from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI dropped their price objective on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a report on Thursday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a research report on Thursday, May 1st. Finally, Stifel Nicolaus decreased their target price on FormFactor from $34.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, FormFactor presently has an average rating of “Hold” and a consensus price target of $41.14.

FormFactor Stock Performance

Shares of FormFactor stock opened at $28.93 on Friday. The company’s fifty day moving average is $33.84 and its 200 day moving average is $33.02. FormFactor has a twelve month low of $22.58 and a twelve month high of $51.68. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 51.66 and a beta of 1.16. The company has a quick ratio of 3.56, a current ratio of 4.24 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The firm had revenue of $195.80 million for the quarter, compared to analyst estimates of $190.17 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year.

Hedge Funds Weigh In On FormFactor

Large investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its stake in shares of FormFactor by 282.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 547 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in FormFactor during the fourth quarter worth $27,000. AlphaQuest LLC raised its position in FormFactor by 96,900.0% in the 1st quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 969 shares during the last quarter. Versant Capital Management Inc lifted its stake in FormFactor by 256.3% during the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 861 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in FormFactor during the 1st quarter worth $42,000. Institutional investors own 98.76% of the company’s stock.

Insider Activity

In other news, Director Dennis Thomas St sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the completion of the sale, the director directly owned 40,957 shares of the company’s stock, valued at $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by corporate insiders.

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.