FormFactor (FORM) Scheduled to Post Earnings on Wednesday

FormFactor (NASDAQ:FORM) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect FormFactor to post earnings of $0.19 per share for the quarter. FormFactor has set its Q1 guidance at $0.15-0.23 EPS and its Q1 2024 guidance at 0.150-0.230 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $168.16 million during the quarter, compared to analysts’ expectations of $165.49 million. FormFactor had a net margin of 12.42% and a return on equity of 2.43%. On average, analysts expect FormFactor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FormFactor Stock Performance

NASDAQ:FORM opened at $45.53 on Tuesday. The firm has a 50 day simple moving average of $43.70 and a 200-day simple moving average of $40.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.38 and a quick ratio of 3.52. The firm has a market cap of $3.52 billion, a PE ratio of 42.95 and a beta of 1.18. FormFactor has a 1-year low of $24.88 and a 1-year high of $47.94.

Insider Buying and Selling

In related news, CFO Shai Shahar sold 10,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.12, for a total value of $421,200.00. Following the completion of the transaction, the chief financial officer now owns 67,141 shares in the company, valued at approximately $2,827,978.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $45.94, for a total transaction of $183,760.00. Following the completion of the transaction, the chief executive officer now owns 495,781 shares in the company, valued at approximately $22,776,179.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Shai Shahar sold 10,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $42.12, for a total transaction of $421,200.00. Following the sale, the chief financial officer now directly owns 67,141 shares of the company’s stock, valued at $2,827,978.92. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $1,223,580 in the last quarter. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the subject of a number of analyst reports. Evercore ISI initiated coverage on shares of FormFactor in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price objective on shares of FormFactor in a research note on Thursday, February 8th. TD Cowen boosted their price objective on shares of FormFactor from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. StockNews.com downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, TheStreet raised shares of FormFactor from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, FormFactor presently has an average rating of “Hold” and an average price target of $42.56.

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.