FY2024 EPS Estimates for FormFactor Lifted by Zacks Research

FormFactor, Inc. (NASDAQ:FORM) – Research analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of FormFactor in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $0.74 per share for the year, up from their prior estimate of $0.67. The consensus estimate for FormFactor’s current full-year earnings is $0.74 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 also recently commented on FORM. TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Needham & Company LLC decreased their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, DA Davidson upped their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, FormFactor currently has a consensus rating of “Hold” and an average price target of $55.38.

FormFactor Price Performance

NASDAQ:FORM opened at $41.33 on Friday. The company has a market cap of $3.20 billion, a P/E ratio of 23.75 and a beta of 1.12. The firm’s fifty day moving average price is $43.21 and its two-hundred day moving average price is $49.95. FormFactor has a one year low of $36.11 and a one year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

Insider Buying and Selling at FormFactor

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

Hedge Funds Weigh In On FormFactor

Several hedge funds and other institutional investors have recently modified their holdings of FORM. Teachers Retirement System of The State of Kentucky grew its holdings in shares of FormFactor by 7.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 47,821 shares of the semiconductor company’s stock valued at $2,200,000 after purchasing an additional 3,426 shares during the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 73,982 shares during the last quarter. Barclays PLC increased its holdings in shares of FormFactor by 351.9% during the third quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock worth $6,692,000 after buying an additional 113,296 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of FormFactor in the 3rd quarter valued at $550,000. Finally, Main Management ETF Advisors LLC acquired a new stake in shares of FormFactor during the 3rd quarter valued at $750,000. Institutional investors own 98.76% 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.