FormFactor (FORM) to Release Quarterly Earnings on Wednesday

FormFactor (NASDAQ:FORM) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect FormFactor to post earnings of $0.31 per share for the quarter. FormFactor has set its Q3 guidance at $0.27 to $0.35 EPS and its Q3 2024 guidance at 0.270-0.350 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

FormFactor (NASDAQ:FORM) last announced its quarterly 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. The company had revenue of $197.47 million for the quarter, compared to analyst estimates of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. On average, analysts expect FormFactor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FormFactor Trading Down 1.6 %

FORM stock opened at $44.07 on Tuesday. FormFactor has a 52 week low of $32.06 and a 52 week high of $63.63. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 33.39 and a beta of 1.11. The company has a quick ratio of 3.64, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $45.54 and a 200-day simple moving average of $50.67.

Insider Buying and Selling at FormFactor

In other news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the sale, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the completion of the sale, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00. Following the transaction, the chief executive officer now owns 534,276 shares in the company, valued at $24,742,321.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,770 shares of company stock valued at $854,014 in the last ninety days. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen raised their price objective on FormFactor from $48.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus boosted their price objective on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of FormFactor in a research note on Thursday, August 1st. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, DA Davidson raised their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, FormFactor has an average rating of “Hold” and a consensus price target of $59.63.

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.