FY2024 EPS Forecast for FormFactor Increased by Analyst

FormFactor, Inc. (NASDAQ:FORM) – Analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for FormFactor in a report issued 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 previous estimate 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.

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

FormFactor Trading Up 2.5 %

Shares of NASDAQ FORM opened at $40.64 on Friday. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. FormFactor has a one year low of $36.11 and a one year high of $63.63. The business has a 50-day moving average price of $43.27 and a two-hundred day moving average price of $50.08. The firm has a market capitalization of $3.15 billion, a PE ratio of 23.36 and a beta of 1.12.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the sale, the chief executive officer now directly owns 530,276 shares in the company, valued at approximately $24,010,897.28. The trade was a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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 during the last quarter. Earnest Partners LLC increased its holdings in FormFactor by 0.6% during the 1st quarter. Earnest Partners LLC now owns 6,091,217 shares of the semiconductor company’s stock valued at $277,942,000 after purchasing an additional 37,781 shares in the last quarter. State Street Corp raised its position in FormFactor by 1.4% in the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company’s stock valued at $134,019,000 after purchasing an additional 39,784 shares during 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 worth $94,867,000 after purchasing an additional 140,223 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of FormFactor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company’s stock worth $95,105,000 after purchasing an additional 73,982 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

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.