Zacks Research Predicts FormFactor FY2027 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Stock analysts at Zacks Research issued their FY2027 earnings estimates for FormFactor in a report issued on Wednesday, February 26th. Zacks Research analyst R. Department anticipates 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.

Several other brokerages also recently issued reports on FORM. B. Riley downgraded FormFactor from a “buy” rating to a “neutral” rating and decreased their target price for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Citigroup upgraded shares of 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 report on Monday, January 6th. Needham & Company LLC restated a “hold” rating on shares of FormFactor in a research report on Thursday, February 6th. Stifel Nicolaus reduced their price target on shares of FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Finally, TD Cowen dropped their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.50.

FormFactor Price Performance

Shares of FormFactor stock opened at $32.96 on Friday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 37.03 and a beta of 1.07. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $40.97 and its 200-day simple moving average is $42.92. FormFactor has a 52 week low of $32.71 and a 52 week high of $63.63.

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

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of FormFactor in the fourth quarter worth approximately $27,000. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% during 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. Quarry LP raised its holdings in FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 523 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in shares of FormFactor during the fourth quarter valued at about $43,000. Finally, Manchester Capital Management LLC boosted its holdings in shares of FormFactor by 63.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 440 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, 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 filing with the SEC, which is accessible through this hyperlink. Insiders sold 12,000 shares of company stock valued at $496,040 in the last three months. Corporate insiders own 0.96% of the company’s stock.

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.