FY2024 EPS Estimates for FormFactor, Inc. Boosted by Analyst (NASDAQ:FORM)

FormFactor, Inc. (NASDAQ:FORM) – Research analysts at Zacks Research boosted their FY2024 earnings per share estimates for shares of FormFactor in a report issued on Wednesday, August 21st. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings per share of $0.66 for the year, up from their previous forecast of $0.63. The consensus estimate for FormFactor’s current full-year earnings is $0.72 per share. Zacks Research also issued estimates for FormFactor’s Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.28 EPS, FY2025 earnings at $0.97 EPS, Q2 2026 earnings at $0.20 EPS and FY2026 earnings at $1.05 EPS.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. The firm had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million.

Several other research firms also recently weighed in on FORM. Stifel Nicolaus increased their price target on FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. 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 research report on Thursday, August 1st. StockNews.com upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Citigroup lifted their price objective on shares of FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, B. Riley increased their target price on FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.63.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $51.41 on Monday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 38.95 and a beta of 1.12. The stock has a fifty day simple moving average of $54.45 and a two-hundred day simple moving average of $50.06. The company has a current ratio of 4.46, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. FormFactor has a 1-year low of $30.64 and a 1-year high of $63.63.

Institutional Trading of FormFactor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in FormFactor in the fourth quarter worth $644,000. Bessemer Group Inc. lifted its position in shares of FormFactor by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock worth $11,976,000 after purchasing an additional 17,079 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of FormFactor during the 1st quarter valued at about $664,000. Lisanti Capital Growth LLC increased its position in shares of FormFactor by 124.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 166,730 shares of the semiconductor company’s stock valued at $6,954,000 after buying an additional 92,405 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in FormFactor by 74.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 42,840 shares of the semiconductor company’s stock worth $1,787,000 after buying an additional 18,293 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Transactions at FormFactor

In related news, Director Rebeca Obregon-Jimenez sold 4,833 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $57.59, for a total value of $278,332.47. Following the completion of the transaction, the director now directly owns 10,598 shares in the company, valued at $610,338.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Rebeca Obregon-Jimenez sold 4,833 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $57.59, for a total transaction of $278,332.47. Following the transaction, the director now owns 10,598 shares of the company’s stock, valued at approximately $610,338.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the transaction, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The disclosure for this sale can be found here. Insiders have sold 19,603 shares of company stock valued at $1,001,986 in the last quarter. Insiders own 0.96% of the company’s stock.

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.