FY2025 EPS Estimates for FormFactor Decreased by DA Davidson

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at DA Davidson reduced their FY2025 earnings per share estimates for shares of FormFactor in a note issued to investors on Thursday, May 1st. DA Davidson analyst T. Diffely now expects that the semiconductor company will post earnings per share of $0.74 for the year, down from their previous forecast of $0.90. DA Davidson has a “Buy” rating and a $45.00 price target on the stock. The consensus estimate for FormFactor’s current full-year earnings is $0.90 per share.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $171.36 million during the quarter, compared to analysts’ expectations of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 EPS.

Other analysts have also recently issued research reports about the stock. Evercore ISI cut their price target on shares of FormFactor from $43.00 to $33.00 and set an “in-line” rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus lowered their price objective on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 6th. B. Riley increased their target price on FormFactor from $26.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.71.

FormFactor Trading Down 1.3 %

FORM opened at $29.42 on Monday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 33.06 and a beta of 1.14. FormFactor has a one year low of $22.58 and a one year high of $63.63. The business has a 50 day simple moving average of $29.00 and a two-hundred day simple moving average of $37.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83.

Institutional Trading of FormFactor

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers purchased a new position in shares of FormFactor during the first quarter valued at $227,000. Avantax Advisory Services Inc. boosted its stake in shares of FormFactor by 9.2% during the first quarter. Avantax Advisory Services Inc. now owns 29,939 shares of the semiconductor company’s stock valued at $847,000 after purchasing an additional 2,511 shares in the last quarter. Royce & Associates LP raised its stake in FormFactor by 6.4% in the first quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company’s stock worth $52,904,000 after buying an additional 112,970 shares in the last quarter. Madison Asset Management LLC increased its holdings in shares of FormFactor by 41.1% in the 1st quarter. Madison Asset Management LLC now owns 148,979 shares of the semiconductor company’s stock valued at $4,215,000 after acquiring an additional 43,373 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of FormFactor by 2.8% during the 1st quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the transaction, the chief executive officer now owns 510,650 shares of the company’s stock, valued at $16,197,818. This trade represents a 0.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is owned by corporate 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.