Zacks Research Comments on FormFactor FY2027 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Zacks Research issued their FY2027 earnings per share (EPS) estimates for FormFactor in a research report issued to clients and investors on Wednesday, February 26th. Zacks Research analyst R. Department expects that the semiconductor company will earn $1.22 per share for the year. The consensus estimate for FormFactor’s current full-year earnings is $0.90 per share.

FORM has been the subject of several other reports. B. Riley lowered shares of FormFactor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $64.00 to $34.00 in a report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI cut their target price on FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.50.

FormFactor Trading Up 1.0 %

NASDAQ:FORM opened at $33.30 on Friday. The firm has a market capitalization of $2.58 billion, a P/E ratio of 37.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. FormFactor has a one year low of $32.46 and a one year high of $63.63. The company’s 50-day simple moving average is $40.78 and its 200 day simple moving average is $42.85.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in FormFactor in the fourth quarter worth approximately $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of FormFactor by 45.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 164,585 shares of the semiconductor company’s stock worth $7,242,000 after buying an additional 51,487 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of FormFactor by 21.5% in the fourth quarter. Vident Advisory LLC now owns 6,140 shares of the semiconductor company’s stock worth $270,000 after acquiring an additional 1,088 shares during the period. Soviero Asset Management LP purchased a new stake in FormFactor during the fourth quarter valued at $3,256,000. Finally, State of Wyoming lifted its holdings in FormFactor by 214.6% in the fourth quarter. State of Wyoming now owns 9,680 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 6,603 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the transaction, the chief executive officer now owns 522,531 shares in the company, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 12,000 shares of company stock valued at $496,040 over the last ninety days. 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.