FormFactor (NASDAQ:FORM) Updates Q4 2024 Earnings Guidance

FormFactor (NASDAQ:FORM) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.250-0.330 for the period, compared to the consensus EPS estimate of 0.340. The company issued revenue guidance of $185.0 million-$195.0 million. FormFactor also updated its Q4 guidance to $0.25-$0.33 EPS.

Analyst Ratings Changes

Several brokerages recently issued reports on FORM. DA Davidson upped their price target on FormFactor from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC dropped their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday. Stifel Nicolaus raised their target price on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 16th. TD Cowen reduced their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday. Finally, StockNews.com downgraded FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, FormFactor currently has an average rating of “Hold” and a consensus price target of $55.38.

FormFactor Stock Up 2.0 %

FormFactor stock traded up $0.77 during mid-day trading on Friday, reaching $38.75. 979,349 shares of the company were exchanged, compared to its average volume of 577,536. The business has a fifty day moving average of $44.84 and a 200 day moving average of $50.50. The firm has a market cap of $3.00 billion, a P/E ratio of 22.27 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. FormFactor has a 12-month low of $32.16 and a 12-month high of $63.63.

FormFactor (NASDAQ:FORM) last released its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $197.47 million for the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a return on equity of 5.42% and a net margin of 18.29%. Research analysts anticipate that FormFactor will post 0.74 earnings per share for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction that occurred on 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 directly owns 12,970 shares of the company’s stock, valued at $543,961.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other FormFactor news, Director Jorge Titinger sold 6,770 shares of the firm’s stock in a transaction that occurred on 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 directly owns 12,970 shares of the company’s stock, valued at $543,961.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the sale, the chief executive officer now owns 530,276 shares of the company’s stock, valued at $24,010,897.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,770 shares of company stock valued at $650,294. 0.96% of the stock is owned by corporate insiders.

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.