DA Davidson Decreases Earnings Estimates for FormFactor

FormFactor, Inc. (NASDAQ:FORM - Free Report) - Equities researchers at DA Davidson decreased their FY2025 EPS estimates for shares of FormFactor in a research report issued to clients and investors on Thursday, May 1st. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of $0.74 per share for the year, down from their previous estimate of $0.90. DA Davidson currently has a "Buy" rating and a $45.00 target price on the stock. The consensus estimate for FormFactor's current full-year earnings is $0.90 per share.

A number of other research analysts also recently issued reports on the stock. B. Riley lifted their price objective on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a research report on Thursday, May 1st. Evercore ISI decreased their price objective on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Finally, Stifel Nicolaus reduced their target price on FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.71.

FormFactor Stock Down 1.5 %

FORM stock traded down $0.44 during trading on Monday, reaching $29.53. 119,168 shares of the company traded hands, compared to its average volume of 768,541. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 33.18 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The business has a 50 day simple moving average of $28.90 and a 200 day simple moving average of $36.86. FormFactor has a 12 month low of $22.58 and a 12 month high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The company had revenue of $171.36 million during the quarter, compared to analyst estimates of $170.03 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. FormFactor's revenue was up 1.6% on a year-over-year basis.

Hedge Funds Weigh In On FormFactor

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of FormFactor by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 10,581,258 shares of the semiconductor company's stock worth $465,575,000 after acquiring an additional 484,176 shares during the period. Earnest Partners LLC boosted its holdings in FormFactor by 10.9% in the fourth quarter. Earnest Partners LLC now owns 6,037,082 shares of the semiconductor company's stock valued at $265,632,000 after purchasing an additional 594,426 shares during the last quarter. Alliancebernstein L.P. grew its position in FormFactor by 127.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,114,779 shares of the semiconductor company's stock worth $137,050,000 after purchasing an additional 1,742,493 shares during the period. Bank of America Corp DE raised its stake in shares of FormFactor by 29.9% during the 4th quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company's stock valued at $111,861,000 after buying an additional 585,117 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of FormFactor by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,103,612 shares of the semiconductor company's stock valued at $92,577,000 after buying an additional 36,438 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the completion of the sale, the chief executive officer now owns 510,650 shares of the company's stock, valued at $16,197,818. The trade was a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.96% of the company's stock.

About FormFactor

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.