FormFactor (NASDAQ:FORM) Updates Q3 2025 Earnings Guidance

Key Points

• FormFactor updated its Q3 2025 earnings guidance, projecting an EPS of 0.210-0.290 compared to the consensus estimate of 0.341 and revenue guidance of $195.0 million-$205.0 million against a consensus of $199.5 million.
• The stock's price target has been adjusted by several brokerages, with B. Riley raising it from $26 to $32 and Evercore ISI lowering it from $43 to $33.
• FormFactor's recent trading showed a 0.8% drop to $34.42 per share, and the company's current market capitalization stands at $2.65 billion.

FormFactor (NASDAQ:FORM - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.210-0.290 for the period, compared to the consensus earnings per share estimate of 0.341. The company issued revenue guidance of $195.0 million-$205.0 million, compared to the consensus revenue estimate of $199.5 million.

FormFactor Trading Up 0.9%

NASDAQ FORM traded up $0.25 during mid-day trading on Friday, reaching $28.66. 1,048,477 shares of the stock were exchanged, compared to its average volume of 822,990. The stock has a market capitalization of $2.21 billion, a PE ratio of 51.17 and a beta of 1.15. The business's fifty day simple moving average is $33.87 and its 200 day simple moving average is $33.12. FormFactor has a 1-year low of $22.58 and a 1-year high of $51.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.56 and a current ratio of 4.45.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.62%. The business had revenue of $195.80 million during the quarter, compared to analysts' expectations of $190.17 million. During the same period in the prior year, the business posted $0.35 EPS. The business's revenue was down .8% on a year-over-year basis. On average, research analysts anticipate that FormFactor will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on FORM. DA Davidson dropped their price target on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. B. Riley boosted their price target 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. Stifel Nicolaus dropped their target price on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Finally, Evercore ISI dropped their target price 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, FormFactor has an average rating of "Hold" and a consensus target price of $41.14.

Insider Buying and Selling

In related news, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $31.24, for a total transaction of $93,720.00. Following the transaction, the director directly owned 40,957 shares of the company's stock, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its position in FormFactor by 870.3% in the first quarter. Jones Financial Companies Lllp now owns 5,288 shares of the semiconductor company's stock worth $150,000 after acquiring an additional 4,743 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in FormFactor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,072 shares of the semiconductor company's stock valued at $1,303,000 after purchasing an additional 2,001 shares during the period. Intech Investment Management LLC boosted its holdings in FormFactor by 18.1% in the 1st quarter. Intech Investment Management LLC now owns 53,531 shares of the semiconductor company's stock valued at $1,514,000 after purchasing an additional 8,194 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in FormFactor by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 173,979 shares of the semiconductor company's stock valued at $4,922,000 after purchasing an additional 9,394 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in FormFactor by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 490,394 shares of the semiconductor company's stock valued at $13,873,000 after purchasing an additional 53,310 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

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.