FormFactor, Inc. (NASDAQ:FORM) to Post Q3 2024 Earnings of $0.18 Per Share, Zacks Research Forecasts

FormFactor, Inc. (NASDAQ:FORMFree Report) – Research analysts at Zacks Research increased their Q3 2024 earnings per share (EPS) estimates for FormFactor in a report released on Tuesday, October 8th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings per share of $0.18 for the quarter, up from their prior 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:FORMGet Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. FormFactor had a return on equity of 4.18% and a net margin of 17.20%. The firm had revenue of $197.47 million for the quarter, compared to analysts’ expectations of $195.01 million.

A number of other analysts also recently issued reports on the stock. B. Riley lifted their price objective on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of FormFactor in a research note on Thursday, August 1st. DA Davidson raised their price objective on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Cowen increased their price target on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price target on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, FormFactor has an average rating of “Hold” and a consensus price target of $59.63.

View Our Latest Research Report on FormFactor

FormFactor Trading Up 4.0 %

Shares of FormFactor stock opened at $48.26 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 3.64. FormFactor has a 1 year low of $31.51 and a 1 year high of $63.63. The firm has a market cap of $3.73 billion, a PE ratio of 30.94 and a beta of 1.11. The company has a 50 day simple moving average of $45.80 and a two-hundred day simple moving average of $50.71.

Institutional Trading of FormFactor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. lifted its stake in shares of FormFactor by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 262,463 shares of the semiconductor company’s stock valued at $11,976,000 after purchasing an additional 17,079 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of FormFactor during the 1st quarter valued at $664,000. Teachers Retirement System of The State of Kentucky grew its position in shares of FormFactor by 74.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 42,840 shares of the semiconductor company’s stock worth $1,787,000 after buying an additional 18,293 shares during the period. Russell Investments Group Ltd. increased its stake in shares of FormFactor by 16.2% in the 1st quarter. Russell Investments Group Ltd. now owns 113,083 shares of the semiconductor company’s stock worth $5,160,000 after acquiring an additional 15,756 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in FormFactor during the 1st quarter valued at about $1,030,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the business’s 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 transaction, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now directly owns 534,276 shares in the company, valued at approximately $24,742,321.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was 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 directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,770 shares of company stock valued at $854,014 in the last quarter. Company insiders own 0.96% of the company’s stock.

FormFactor Company Profile

(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.

Further Reading

Earnings History and Estimates for FormFactor (NASDAQ:FORM)

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