FormFactor (NASDAQ:FORM) Stock, Quote.Headers.trade-ideas

FormFactor

FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.

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FormFactor Inc

FORMOSA PROSONIC INDSTS by Formosa Prosonic Industries Bhd

FORMATION MINERALS INC by Formation Minerals, Inc.

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Shares of semiconductor companies are trading higher. The Biden administration plans on limiting China's access to advanced chips, chipmaking tools and memory technology due to alleged national security concerns and AI's military potential.

FormFactor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) and Advantest Corporation (TSE: 6857) announced today a strategic partnership to develop a novel test cell and measurement system designed for high-volume production of silicon photonics (SiPh) and co-packaged optics (CPO) devices. This collaboration is driven by the revolution in AI data center architectures, which require ever-increasing bandwidth while reducing power consumption. Silicon photonics is rapidly gaining traction in data centers for its ability to enable fast data transmission through optical signals, surpassing traditional electrical methods. This new test cell integrates the latest innovations from both companies, equipping photonics device developers with the tools they need to scale up volume production.

FormFactor And Advantest Partner On Silicon Photonics Wafer-Level Test Cell To Enable High-Volume Manufacturing

On November 6, a recent SEC filing unveiled that Thomas St. Dennis, Director at FormFactor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) made an insider sell.
What Happened: Dennis's decision to sell 3,100 shares of FormFactor was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001039399/000103939924000037//Archives/edgar/data/1039399/000103939924000037/0001039399-24-000037-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $121,233.
As of Thursday morning, FormFactor shares are up by 1.01%, currently priced at $42.02.
<h3>All You Need to Know About FormFactor</h3>
FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.
<h3>Financial Milestones: FormFactor's Journey</h3>
Revenue Growth: FormFactor's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 21.18%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 40.74%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): FormFactor's EPS is below the industry average. The company faced challenges with a current EPS of 0.24. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.04, FormFactor adopts a prudent financial strategy, indicating a balanced approach to debt management.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: FormFactor's P/E ratio of 24.05 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 4.41, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 18.51, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001039399">Check Out The Full List Of FormFactor's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Transaction: Thomas St. Dennis Sells $121K Worth Of FormFactor Shares

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

TD Cowen analyst Krish Sankar maintains FormFactor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) with a Hold and lowers the price target from $60 to $44.

Price Target

Analyst Ratings

TD Cowen Maintains Hold on FormFactor, Lowers Price Target to $44

FormFactor shares are trading lower after Needham cut its price target on the stock from $60 to $52.

Needham analyst Charles Shi maintains FormFactor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) with a Buy and lowers the price target from $60 to $52.

Needham Maintains Buy on FormFactor, Lowers Price Target to $52

FormFactor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) is looking for Q4 GAAP EPS of $0.12-0.20 vs $0.19 analyst estimate. seessales of $185.000 million-195.000 million vs $199.60 million estimate.

Guidance

FormFactor Sees Q4 GAAP EPS $0.12-0.20 vs $0.19 Est; Sees Sales $185.000M-195.000M vs $199.60M Est

FormFactor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) is looking for Q4 Adj EPS of $0.25-0.33 vs $0.34 analyst estimate. seessales of $185.000 million-195.000 million.

FormFactor Sees Q4 Adj EPS $0.25-0.33 vs $0.34 Est; Sees Sales $185.000M-195.000M

FormFactor shares are trading lower. The company reported Q3 financial results.

<h3>Gainers</h3>
<ul>
<li>CPS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSH#NASDAQ">CPSH</a>) stock increased by 42.1% to $2.06 during Wednesday's after-market session. The company's market cap stands at $29.9 million. As per the news, the Q3 earnings report came out today. </li>
<li>Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) stock increased by 18.11% to $27.25. The company's market cap stands at $8.7 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Alkami Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKT#NASDAQ">ALKT</a>) stock moved upwards by 7.38% to $41.0. The market value of their outstanding shares is at $4.0 billion. The company's, Q3 earnings came out today. </li>
<li>Twilio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) stock rose 6.27% to $75.0. The company's market cap stands at $12.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) stock increased by 5.02% to $0.73. The market value of their outstanding shares is at $29.5 million. </li>
<li>Kopin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>) shares rose 4.99% to $0.79. The company's market cap stands at $125.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock decreased by 20.9% to $0.34 during Wednesday's after-market session. The market value of their outstanding shares is at $5.0 million. </li>
<li>MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock fell 7.69% to $228.3. The market value of their outstanding shares is at $46.2 billion. As per the press release, Q3 earnings came out today. </li>
<li>Everspin Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAM#NASDAQ">MRAM</a>) shares declined by 7.18% to $6.33. The company's market cap stands at $137.6 million. As per the press release, Q3 earnings came out today. </li>
<li>FormFactor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) shares decreased by 6.76% to $40.85. The company's market cap stands at $3.1 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Aurora Innovation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares fell 5.88% to $6.25. The company's market cap stands at $10.6 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) shares fell 5.42% to $870.0. The company's market cap stands at $42.3 billion. As per the press release, Q3 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's After-Market Session

FormFactor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.31 by 12.9 percent. This is a 59.09 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $207.917 million which beat the analyst consensus estimate of $200.286 million by 3.81 percent. This is a 21.18 percent increase over sales of $171.575 million the same period last year.

Earnings

Earnings Beats

FormFactor Q3 2024 Adj. EPS $0.35 Beats $0.31 Estimate, Sales $207.917M Beat $200.286M Estimate

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Shares of companies within the broader tech sector are trading higher amid overall market strength following strong US economic data that could help ease recession concerns. The sector may be experiencing momentum in sympathy with Cisco Systems after the company reported better-than-expected Q4 financial results.

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