FormFactor, Inc. (NASDAQ:FORM – Free Report) – Research analysts at B. Riley increased their FY2024 earnings estimates for FormFactor in a research note issued on Monday, January 27th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $0.75 per share for the year, up from their previous forecast of $0.74. The consensus estimate for FormFactor’s current full-year earnings is $0.75 per share. B. Riley also issued estimates for FormFactor’s Q2 2025 earnings at $0.27 EPS.
Other analysts have also issued research reports about the company. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. TD Cowen lowered their price target 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. Finally, Needham & Company LLC downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.00.
FormFactor Stock Performance
FormFactor stock opened at $37.90 on Tuesday. FormFactor has a fifty-two week low of $37.25 and a fifty-two week high of $63.63. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.78 and a beta of 1.08. The stock has a fifty day moving average of $43.05 and a two-hundred day moving average of $45.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76.
Hedge Funds Weigh In On FormFactor
Several hedge funds and other institutional investors have recently modified their holdings of FORM. New York State Common Retirement Fund increased its position in FormFactor by 876.0% during the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock worth $14,876,000 after purchasing an additional 290,254 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of FormFactor by 29.6% in the third quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock worth $26,988,000 after acquiring an additional 134,170 shares in the last quarter. Barclays PLC raised its stake in shares of FormFactor by 351.9% in the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock valued at $6,692,000 after acquiring an additional 113,296 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of FormFactor by 59.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 302,363 shares of the semiconductor company’s stock valued at $12,729,000 after acquiring an additional 112,537 shares in the last quarter. Finally, FMR LLC boosted its position in FormFactor by 1,255.5% during the 3rd quarter. FMR LLC now owns 116,426 shares of the semiconductor company’s stock worth $5,356,000 after purchasing an additional 107,837 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the sale, the chief executive officer now owns 526,531 shares of the company’s stock, valued at approximately $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is currently owned by company insiders.
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.
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