At the time of writing, FormFactor Inc. [FORM] stock is trading at $41.32, down -3.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FORM shares have gain 4.03% over the last week, with a monthly amount glided 0.54%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, FormFactor Announces the Closing of its Divestiture of China Operations. In a post published today on Yahoo Finance, FormFactor, Inc. (Nasdaq: FORM) is pleased to announce the closing of its sale of FormFactor’s Suzhou and Shanghai companies to Grand Junction Semiconductor Pte. Ltd. (GJS), for $25M in cash, subject to taxes and customary purchase price adjustments. The transaction is part of a long-term partnership between the two companies, initially announced February 7th, 2024, which also includes an exclusive distribution and partnership agreement to continue sales and support of FormFactor’s products in China.
From an analyst’s perspective:
FormFactor Inc. [NASDAQ: FORM] stock has seen the most recent analyst activity on February 08, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $37 from $33. Previously, Northland Capital downgraded its rating to Market Perform on July 17, 2023, and kept the price target unchanged to $32. On April 03, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $33 on the stock. Jefferies started tracking the stock assigning a Hold rating. Northland Capital initiated its recommendation with a Outperform and recommended $33 as its price target on December 13, 2022. Stifel downgraded its rating to Hold for this stock on October 27, 2022, but kept the price target unchanged to $30. In a note dated October 17, 2022, Needham reiterated an Buy rating on this stock and revised its target price from $45 to $35.
For the past year, the stock price of FormFactor Inc. fluctuated between $24.88 and $45.15. Currently, Wall Street analysts expect the stock to reach $44.67 within the next 12 months. FormFactor Inc. [NASDAQ: FORM] shares were valued at $41.32 at the most recent close of the market. An investor can expect a potential return of 8.11% based on the average FORM price forecast.
Analyzing the FORM fundamentals
According to FormFactor Inc. [NASDAQ:FORM], the company’s sales were 663.10M for trailing twelve months, which represents an 1.31% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.53 points at the first support level, and at 39.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.68, and for the 2nd resistance point, it is at 44.04.
FormFactor Inc. [FORM] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of -$0.02 and a surprise factor of -9.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.22 per share as compared to estimates of $0.17 per share, a difference of $0.05 representing a surprise of 29.40%.
Ratios To Look Out For
It is important to note that FormFactor Inc. [NASDAQ:FORM] has a current ratio of 4.38. As well, the Quick Ratio is 3.52, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.85, the price to book ratio is 3.52 and price to earnings (TTM) ratio is 39.31.
Transactions by insiders
Recent insider trading involved Shahar Shai, CFO, SVP Global Finance, that happened on Feb 12 when 10000.0 shares were sold. Director, Obregon-Jimenez Rebeca completed a deal on Dec 01 to sell 8490.0 shares. Meanwhile, CFO, SVP Global Finance Shahar Shai sold 16618.0 shares on Nov 20.
