FormFactor (NASDAQ:FORM) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS

FormFactor (NASDAQ:FORM) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14), Zacks reports. FormFactor had a net margin of 18.29% and a return on equity of 5.38%. FormFactor updated its Q1 2025 guidance to 0.030-0.110 EPS.

FormFactor Stock Down 1.2 %

FORM stock opened at $37.86 on Friday. The firm’s 50-day moving average is $42.98 and its two-hundred day moving average is $44.30. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 21.89 and a beta of 1.07. FormFactor has a 52 week low of $32.71 and a 52 week high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FORM. Evercore ISI lowered their target price on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research note on Thursday. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Stifel Nicolaus cut their price target on FormFactor from $48.00 to $42.00 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 research report on Thursday. Finally, B. Riley cut shares of FormFactor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $34.00 in a research report on Thursday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, FormFactor has an average rating of “Hold” and an average target price of $48.50.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the completion of the transaction, the chief executive officer now owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 12,000 shares of company stock worth $496,040 over the last three months. 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.