FY2024 EPS Estimates for FormFactor Raised by Zacks Research

FormFactor, Inc. (NASDAQ:FORM) – Research analysts at Zacks Research raised their FY2024 EPS estimates for FormFactor in a note issued to 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 forecast of $0.67. The consensus estimate for FormFactor’s current full-year earnings is $0.73 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.

FORM has been the subject of several other reports. TD Cowen dropped their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. DA Davidson increased their target price on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC lowered their price target on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.38.

FormFactor Stock Up 2.5 %

FORM stock opened at $40.64 on Friday. FormFactor has a one year low of $36.11 and a one year high of $63.63. The company has a 50 day moving average price of $43.27 and a two-hundred day moving average price of $50.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The stock has a market capitalization of $3.15 billion, a P/E ratio of 23.36 and a beta of 1.12.

Institutional Investors Weigh In On FormFactor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UniSuper Management Pty Ltd acquired a new position in FormFactor during the 1st quarter valued at about $664,000. Kennedy Capital Management LLC lifted its position in FormFactor by 14.6% in the first quarter. Kennedy Capital Management LLC now owns 132,203 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 16,855 shares during the period. Harbor Capital Advisors Inc. boosted its stake in FormFactor by 90.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,362 shares of the semiconductor company’s stock valued at $2,080,000 after purchasing an additional 16,341 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of FormFactor during the 2nd quarter valued at $1,811,000. Finally, New York State Common Retirement Fund raised its stake in shares of FormFactor by 876.0% in 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 buying an additional 290,254 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction 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 sale, the chief executive officer now owns 530,276 shares of the company’s stock, valued at $24,010,897.28. The trade was a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.