FormFactor (NASDAQ:FORM) Announces Quarterly Earnings Results

FormFactor (NASDAQ:FORM) posted its earnings results on Wednesday. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Performance

FormFactor stock traded down $3.22 during midday trading on Thursday, hitting $37.90. The stock had a trading volume of 1,850,894 shares, compared to its average volume of 797,495. The firm’s fifty day moving average is $43.00 and its two-hundred day moving average is $44.35. The company has a market capitalization of $2.94 billion, a PE ratio of 21.85 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.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the sale, the chief executive officer now directly owns 518,531 shares of the company’s stock, valued at $20,212,338.38. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 12,000 shares of company stock valued at $496,040. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FORM has been the topic of several research analyst reports. B. Riley cut 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 research note on Thursday. Citigroup upgraded shares of 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 research note on Monday, January 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research note on Thursday. Finally, TD Cowen reduced their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, FormFactor has a consensus rating of “Hold” and a consensus price target of $51.00.

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.