Zacks Research Equities Analysts Increase Earnings Estimates for FormFactor, Inc. (NASDAQ:FORM)

FormFactor, Inc. (NASDAQ:FORM) – Zacks Research lifted their Q1 2025 EPS estimates for shares of FormFactor in a report released on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the semiconductor company will earn $0.17 per share for the quarter, up from their previous forecast of $0.16. The consensus estimate for FormFactor’s current full-year earnings is $0.63 per share.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. The firm had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million.

Other analysts have also recently issued reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $46.00 price target on shares of FormFactor in a report on Thursday, February 8th. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Friday. TD Cowen lifted their target price on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Evercore ISI initiated coverage on FormFactor in a research note on Tuesday. They issued an “in-line” rating and a $50.00 price objective for the company. Finally, TheStreet upgraded shares of FormFactor from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.56.

FormFactor Stock Performance

Shares of NASDAQ:FORM opened at $42.09 on Thursday. The firm has a market cap of $3.26 billion, a PE ratio of 39.71 and a beta of 1.18. The firm’s 50 day simple moving average is $43.61 and its 200-day simple moving average is $39.77. FormFactor has a one year low of $24.88 and a one year high of $47.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.52 and a current ratio of 4.38.

Hedge Funds Weigh In On FormFactor

Several institutional investors have recently modified their holdings of FORM. Tudor Investment Corp Et Al grew its stake in shares of FormFactor by 368.7% in the third quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock valued at $2,927,000 after buying an additional 65,889 shares in the last quarter. Dark Forest Capital Management LP lifted its stake in FormFactor by 240.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 23,649 shares of the semiconductor company’s stock valued at $826,000 after purchasing an additional 16,702 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of FormFactor by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,759,801 shares of the semiconductor company’s stock worth $341,007,000 after acquiring an additional 224,599 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FormFactor by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock valued at $28,501,000 after purchasing an additional 45,248 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of FormFactor during the 3rd quarter worth about $301,000. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.94, for a total value of $183,760.00. Following the transaction, the chief executive officer now directly owns 495,781 shares in the company, valued at approximately $22,776,179.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $44.51, for a total transaction of $445,100.00. Following the sale, the chief financial officer now directly owns 27,591 shares of the company’s stock, valued at $1,228,075.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.94, for a total value of $183,760.00. Following the completion of the sale, the chief executive officer now owns 495,781 shares of the company’s stock, valued at $22,776,179.14. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock worth $1,223,580 over the last ninety days. 0.96% of the stock is currently owned by 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.