Zacks Research Research Analysts Lift Earnings Estimates for FormFactor, Inc. (NASDAQ:FORM)

by · The Cerbat Gem

FormFactor, Inc. (NASDAQ:FORM – Free Report) – Investment analysts at Zacks Research upped their Q3 2024 earnings per share estimates for FormFactor in a research report issued on Tuesday, October 8th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. The consensus estimate for FormFactor’s current full-year earnings is $0.74 per share. Zacks Research also issued estimates for FormFactor’s FY2024 earnings at $0.67 EPS, Q1 2025 earnings at $0.20 EPS, FY2025 earnings at $0.99 EPS and Q1 2026 earnings at $0.09 EPS.

FormFactor (NASDAQ:FORM – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $197.47 million during the quarter, compared to analysts’ expectations of $195.01 million. FormFactor had a net margin of 17.20% and a return on equity of 4.18%.

FORM has been the topic of a number of other research reports. DA Davidson boosted their price objective on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. TD Cowen raised their price objective on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a report 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. Stifel Nicolaus raised their price target on shares of FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of FormFactor in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.63.

Get Our Latest Analysis on FORM

FormFactor Stock Up 4.0 %

Shares of NASDAQ:FORM opened at $48.26 on Thursday. FormFactor has a 52-week low of $31.51 and a 52-week high of $63.63. The company has a market capitalization of $3.73 billion, a PE ratio of 30.94 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. The company has a fifty day moving average of $45.80 and a 200-day moving average of $50.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning lifted its stake in FormFactor by 45.9% in the third quarter. Creative Planning now owns 14,884 shares of the semiconductor company’s stock valued at $685,000 after purchasing an additional 4,684 shares during the last quarter. Inspire Investing LLC lifted its position in shares of FormFactor by 56.7% during the 3rd quarter. Inspire Investing LLC now owns 8,966 shares of the semiconductor company’s stock valued at $412,000 after buying an additional 3,243 shares during the last quarter. CWM LLC grew its stake in shares of FormFactor by 57.3% during the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 1,044 shares during the period. GAMMA Investing LLC increased its holdings in FormFactor by 49.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 1,123 shares during the last quarter. Finally, Mirador Capital Partners LP raised its stake in FormFactor by 0.6% in the 3rd quarter. Mirador Capital Partners LP now owns 110,037 shares of the semiconductor company’s stock valued at $5,062,000 after acquiring an additional 672 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.93, for a total value of $203,720.00. Following the sale, the chief executive officer now owns 523,187 shares in the company, valued at $26,645,913.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.93, for a total transaction of $203,720.00. Following the transaction, the chief executive officer now directly owns 523,187 shares of the company’s stock, valued at $26,645,913.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jorge Titinger sold 6,770 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the sale, the director now owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,770 shares of company stock worth $854,014 over the last three months. 0.96% of the stock is currently owned by insiders.

About FormFactor

(Get Free Report)

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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