Zacks Research Weighs in on FormFactor FY2027 Earnings

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

Other analysts also recently issued research reports about the company. Stifel Nicolaus lowered their target price on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley downgraded shares of FormFactor from a “buy” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Finally, Evercore ISI reduced their price target on shares of FormFactor from $50.00 to $43.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $48.50.

FormFactor Stock Up 1.0 %

FORM stock opened at $33.30 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The stock has a market capitalization of $2.58 billion, a P/E ratio of 37.42 and a beta of 1.07. The business has a 50-day moving average of $40.78 and a 200-day moving average of $42.82. FormFactor has a fifty-two week low of $32.46 and a fifty-two week high of $63.63.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (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%.

Hedge Funds Weigh In On FormFactor

Several hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. grew its stake in FormFactor by 5.5% during the fourth quarter. D.A. Davidson & CO. now owns 5,510 shares of the semiconductor company’s stock valued at $242,000 after acquiring an additional 288 shares in the last quarter. Advisors Asset Management Inc. raised its stake in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 309 shares in the last quarter. Aviva PLC raised its stake in FormFactor by 2.3% in the fourth quarter. Aviva PLC now owns 14,750 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 331 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in FormFactor by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,100 shares of the semiconductor company’s stock valued at $356,000 after purchasing an additional 400 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in FormFactor by 7.4% in the third quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, the chief executive officer now directly owns 522,531 shares in the company, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 12,000 shares of company stock worth $496,040. 0.96% of the stock is owned by corporate insiders.

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.