FormFactor, Inc. (NASDAQ:FORM – Get Rating) – Research analysts at B. Riley decreased their Q3 2023 earnings per share estimates for shares of FormFactor in a report issued on Thursday, July 28th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings per share of $0.43 for the quarter, down from their previous forecast of $0.45. B. Riley currently has a “Buy” rating and a $48.00 target price on the stock. The consensus estimate for FormFactor’s current full-year earnings is $1.56 per share. B. Riley also issued estimates for FormFactor’s Q4 2023 earnings at $0.42 EPS and FY2023 earnings at $1.47 EPS.
Several other research analysts also recently weighed in on FORM. Citigroup reiterated a “maintains” rating on shares of FormFactor in a research note on Friday. DA Davidson reiterated a “buy” rating on shares of FormFactor in a research note on Wednesday, July 27th. CL King increased their price target on FormFactor from $43.00 to $45.00 in a research note on Tuesday, April 12th. Craig Hallum cut their price target on FormFactor from $50.00 to $40.00 in a research note on Thursday. Finally, Needham & Company LLC reiterated a “maintains” rating on shares of FormFactor in a research note on Thursday. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $46.00.
FormFactor Trading Up 2.6 %
FormFactor (NASDAQ:FORM – Get Rating) last announced its earnings results on Wednesday, July 27th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. FormFactor had a return on equity of 13.56% and a net margin of 12.07%. The firm had revenue of $203.90 million during the quarter, compared to analyst estimates of $203.14 million. During the same period last year, the firm posted $0.30 EPS. The business’s revenue was up 8.4% compared to the same quarter last year.
Insiders Place Their Bets
In other FormFactor news, Director Raymond A. Link sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $40.23, for a total value of $64,368.00. Following the completion of the transaction, the director now owns 61,392 shares in the company, valued at approximately $2,469,800.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.89% of the stock is owned by corporate insiders.
Institutional Trading of FormFactor
Large investors have recently modified their holdings of the business. CWM LLC boosted its position in shares of FormFactor by 375.6% during the 1st quarter. CWM LLC now owns 623 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 492 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of FormFactor by 145.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 619 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 367 shares during the last quarter. CI Investments Inc. bought a new stake in shares of FormFactor during the 1st quarter valued at about $113,000. Captrust Financial Advisors boosted its position in shares of FormFactor by 10.0% during the 1st quarter. Captrust Financial Advisors now owns 3,087 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 281 shares during the last quarter. Finally, Ellevest Inc. boosted its position in shares of FormFactor by 164.8% during the 2nd quarter. Ellevest Inc. now owns 3,782 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 2,354 shares during the last quarter. Institutional investors own 92.86% 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. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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