Brokers Issue Forecasts for FormFactor FY2027 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Zacks Research issued their FY2027 earnings estimates for shares of FormFactor in a report released on Wednesday, February 26th. Zacks Research analyst R. Department expects that the semiconductor company will earn $1.22 per share for the year. The consensus estimate for FormFactor’s current full-year earnings is $0.90 per share.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%.

Other analysts have also issued research reports about the company. TD Cowen dropped their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus dropped their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Evercore ISI decreased their price objective on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. Finally, B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $34.00 in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.50.

FormFactor Trading Down 3.8 %

Shares of FORM stock opened at $32.96 on Friday. The business has a 50-day moving average of $40.97 and a 200 day moving average of $42.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor has a 1-year low of $32.71 and a 1-year high of $63.63. The stock has a market capitalization of $2.56 billion, a PE ratio of 37.03 and a beta of 1.07.

Institutional Investors Weigh In On FormFactor

Several institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor in the fourth quarter worth approximately $27,000. Advisors Asset Management Inc. boosted its stake in shares of FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after buying an additional 309 shares during the last quarter. Quarry LP increased its position in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in FormFactor in the fourth quarter valued at about $43,000. Finally, Manchester Capital Management LLC grew its stake in shares of FormFactor by 63.8% during the 4th 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 during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the transaction, the chief executive officer now owns 522,531 shares in the company, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 12,000 shares of company stock worth $496,040. 0.96% of the stock is owned by corporate 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.