Northland Capmk Equities Analysts Boost Earnings Estimates for FormFactor, Inc. (NASDAQ:FORM)

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at Northland Capmk increased their Q3 2024 earnings estimates for shares of FormFactor in a research report issued on Thursday, May 2nd. Northland Capmk analyst G. Richard now forecasts that the semiconductor company will post earnings of $0.20 per share for the quarter, up from their previous estimate of $0.19. The consensus estimate for FormFactor’s current full-year earnings is $0.68 per share. Northland Capmk also issued estimates for FormFactor’s Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.34 EPS and Q4 2025 earnings at $0.33 EPS.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The company had revenue of $168.16 million during the quarter, compared to the consensus estimate of $165.49 million.

FORM has been the topic of several other reports. Craig Hallum lifted their price target on FormFactor from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC increased their target price on shares of FormFactor from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. TheStreet upgraded FormFactor from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. TD Cowen raised their price objective on shares of FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Finally, StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.30.

FormFactor Price Performance

Shares of FormFactor stock opened at $56.03 on Monday. FormFactor has a 1-year low of $27.46 and a 1-year high of $56.98. The firm has a fifty day simple moving average of $44.87 and a 200-day simple moving average of $40.98. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 42.45 and a beta of 1.15.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $43.75, for a total transaction of $175,000.00. Following the transaction, the chief executive officer now owns 491,781 shares in the company, valued at $21,515,418.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $43.75, for a total value of $175,000.00. Following the completion of the sale, the chief executive officer now owns 491,781 shares in the company, valued at approximately $21,515,418.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shai Shahar sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $44.51, for a total value of $445,100.00. Following the sale, the chief financial officer now directly owns 27,591 shares in the company, valued at approximately $1,228,075.41. The disclosure for this sale can be found here. Insiders have sold 32,000 shares of company stock worth $1,398,580 in the last three months. Insiders own 0.96% of the company’s stock.

Institutional Trading of FormFactor

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of FormFactor during the third quarter worth $427,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of FormFactor by 15.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,098 shares of the semiconductor company’s stock worth $528,000 after buying an additional 1,989 shares during the period. Emerald Advisers LLC grew its holdings in shares of FormFactor by 58.3% during the third quarter. Emerald Advisers LLC now owns 481,911 shares of the semiconductor company’s stock worth $16,838,000 after buying an additional 177,448 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in FormFactor by 98.2% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 395,440 shares of the semiconductor company’s stock valued at $13,817,000 after buying an additional 195,898 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its stake in FormFactor by 2.9% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 70,846 shares of the semiconductor company’s stock valued at $2,475,000 after acquiring an additional 2,001 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

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.