FY2025 EPS Estimates for FormFactor Decreased by DA Davidson

FormFactor, Inc. (NASDAQ:FORM) – DA Davidson decreased their FY2025 earnings per share (EPS) estimates for FormFactor in a research note issued to investors on Thursday, October 31st. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $1.30 for the year, down from their prior forecast of $1.60. DA Davidson has a “Buy” rating and a $62.00 price objective on the stock. The consensus estimate for FormFactor’s current full-year earnings is $0.73 per share.

A number of other brokerages have also recently commented on FORM. StockNews.com cut shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Stifel Nicolaus lifted their price target on FormFactor from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. TD Cowen decreased their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC cut their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, FormFactor currently has a consensus rating of “Hold” and an average price target of $55.38.

FormFactor Price Performance

NASDAQ FORM opened at $39.23 on Monday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.04 billion, a PE ratio of 22.55 and a beta of 1.12. FormFactor has a 52 week low of $33.36 and a 52 week high of $63.63. The firm’s 50-day simple moving average is $44.63 and its two-hundred day simple moving average is $50.58.

Insider Transactions at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the sale, the chief executive officer now directly owns 530,276 shares in the company, valued at $24,010,897.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by insiders.

Institutional Trading of FormFactor

A number of hedge funds have recently made changes to their positions in FORM. Bank of New York Mellon Corp increased its stake in FormFactor by 91.5% in the second quarter. Bank of New York Mellon Corp now owns 1,282,611 shares of the semiconductor company’s stock valued at $77,636,000 after acquiring an additional 612,838 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of FormFactor by 876.0% during the 3rd quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock valued at $14,876,000 after purchasing an additional 290,254 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of FormFactor during the 2nd quarter valued at about $15,893,000. Renaissance Technologies LLC bought a new stake in FormFactor in the 2nd quarter worth approximately $13,938,000. Finally, TimesSquare Capital Management LLC boosted its stake in FormFactor by 60.4% in the first quarter. TimesSquare Capital Management LLC now owns 595,300 shares of the semiconductor company’s stock worth $27,164,000 after buying an additional 224,075 shares in the last quarter. 98.76% of the stock is owned by 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.