FormFactor (NASDAQ:FORM) Releases Q4 2024 Earnings Guidance

FormFactor (NASDAQ:FORM) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.250-0.330 for the period, compared to the consensus earnings per share estimate of 0.340. The company issued revenue guidance of $185.0 million-$195.0 million. FormFactor also updated its Q4 guidance to $0.25-$0.33 EPS.

Analyst Ratings Changes

FORM has been the subject of a number of recent research reports. Needham & Company LLC lowered their target price on FormFactor from $60.00 to $52.00 and set a “buy” rating for the company in a report on Thursday. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. TD Cowen lowered their price objective on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday. Stifel Nicolaus increased their price objective on FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Finally, DA Davidson increased their price target on FormFactor from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.38.

FormFactor Trading Up 2.0 %

Shares of FormFactor stock traded up $0.77 on Friday, reaching $38.75. The company had a trading volume of 979,349 shares, compared to its average volume of 577,536. The firm’s 50 day moving average price is $44.84 and its two-hundred day moving average price is $50.50. The firm has a market cap of $3.00 billion, a PE ratio of 22.27 and a beta of 1.11. FormFactor has a 52-week low of $32.16 and a 52-week high of $63.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $197.47 million for the quarter, compared to the consensus estimate of $195.01 million. FormFactor had a net margin of 18.29% and a return on equity of 5.42%. Sell-side analysts predict that FormFactor will post 0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total transaction of $283,933.80. Following the completion of the transaction, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.31, for a total value of $185,240.00. Following the completion of the transaction, the chief executive officer now directly owns 534,276 shares of the company’s stock, valued at $24,742,321.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jorge Titinger sold 6,770 shares of FormFactor stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $41.94, for a total value of $283,933.80. Following the transaction, the director now directly owns 12,970 shares of the company’s stock, valued at approximately $543,961.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,770 shares of company stock worth $650,294 over the last ninety days. 0.96% of the stock is owned by company 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.