FormFactor (NASDAQ:FORM) Updates Q4 2024 Earnings Guidance

FormFactor (NASDAQ:FORM) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.250-0.330 for the period, compared to the consensus EPS estimate of 0.340. The company issued revenue guidance of $185.0 million-$195.0 million. FormFactor also updated its Q4 guidance to $0.25-$0.33 EPS.

FormFactor Trading Up 2.0 %

Shares of NASDAQ:FORM traded up $0.77 during midday trading on Friday, reaching $38.75. The company’s stock had a trading volume of 979,349 shares, compared to its average volume of 577,536. The firm has a 50 day moving average price of $44.84 and a two-hundred day moving average price of $50.50. FormFactor has a fifty-two week low of $32.16 and a fifty-two week high of $63.63. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 22.27 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $197.47 million for the quarter, compared to analyst estimates of $195.01 million. FormFactor had a return on equity of 5.42% and a net margin of 18.29%. As a group, analysts forecast that FormFactor will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FORM shares. DA Davidson increased their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC reduced their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday. Stifel Nicolaus upped 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. StockNews.com cut FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, TD Cowen lowered their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FormFactor presently has a consensus rating of “Hold” and a consensus price target of $55.38.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total value of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares of the company’s stock, valued at approximately $24,010,897.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the sale, the director now 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 SEC, which is accessible through this link. Also, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 directly owns 530,276 shares in the company, valued at $24,010,897.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,770 shares of company stock valued at $650,294 over the last ninety days. Corporate insiders own 0.96% 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.