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

FormFactor (NASDAQ:FORM) posted its quarterly earnings results on Wednesday. The semiconductor company reported $0.15 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 Price Performance

Shares of NASDAQ FORM traded up $1.52 during trading on Wednesday, hitting $41.12. The company had a trading volume of 1,191,092 shares, compared to its average volume of 746,292. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 23.63 and a beta of 1.07. The stock has a fifty day simple moving average of $42.96 and a two-hundred day simple moving average of $44.37. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor has a fifty-two week low of $37.25 and a fifty-two week high of $63.63.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Needham & Company LLC downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Finally, TD Cowen lowered their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.00.

Insider Buying and Selling

In related news, CEO Mike Slessor sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, valued at approximately $20,212,338.38. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 12,000 shares of company stock worth $496,040 in the last 90 days. 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.