FormFactor (NASDAQ:FORM) Posts Earnings Results, Misses Expectations By $0.14 EPS

FormFactor (NASDAQ:FORM) posted its quarterly earnings results on Wednesday. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14), Zacks reports. FormFactor had a return on equity of 5.38% and a net margin of 18.29%. FormFactor updated its Q1 2025 guidance to 0.030-0.110 EPS.

FormFactor Price Performance

Shares of FORM traded up $1.52 during mid-day trading on Wednesday, hitting $41.12. 1,191,092 shares of the stock were exchanged, compared to its average volume of 746,292. The firm has a 50-day moving average of $42.96 and a two-hundred day moving average of $44.37. FormFactor has a 52-week low of $37.25 and a 52-week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The company has a market cap of $3.18 billion, a PE ratio of 23.63 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FORM shares. Citigroup upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Needham & Company LLC lowered FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, TD Cowen decreased their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and a consensus target price of $56.00.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the transaction, the chief executive officer now owns 522,531 shares in the company, valued at $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 12,000 shares of company stock worth $496,040. Insiders own 0.96% of the company’s stock.

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.