Core Viewpoint - FormFactor (FORM) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in a company's earnings picture, which is crucial for near-term stock price movements [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that affect stock prices [4]. Company Performance Indicators - For the fiscal year ending December 2024, FormFactor is expected to earn $1.16 per share, reflecting a 58.9% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for FormFactor has risen by 3%, indicating positive sentiment among analysts [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating [9][10]. - FormFactor's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

FormFactor (FORM) has been on a downward spiral lately with significant selling pressure. After declining 31.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

FormFactor (FORM) delivered second-quarter 2024 adjusted earnings of 35 cents per share, beating the Zacks Consensus Estimate by 12.90%. The company reported earnings of 14 cents per share in the year-ago quarter. Revenues of $197 million beat the Zacks Consensus Estimate by 1.26% and increased 26.7% on a year-overyear basis. The top-line growth can primarily be attributed to robust demand for probe cards. Segments in Detail Probe card revenues were $166.8 million, up 44.7% year over year. Foundry & Logic ( ...

Q2 Revenue and Profitability Exceed the Midpoint of the Outlook Range; Sees Steady Overall Demand in the Third Quarter LIVERMORE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2024 ended June 29, 2024. Quarterly revenues were $197.5 million, an increase of 17.0% compared to $168.7 million in the first quarter of fiscal 2024, and an increase of 26.7% from $155.9 million in the second quarter of fiscal 2023. Pro ...

FormFactor is one of 617 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Over the past three months, the Zacks Consensus Estimate for FORM's full-year earnings has moved 15% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improvi ...

LIVERMORE, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2024 fiscal second quarter on Wednesday, July 31st, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor's conference call on the Investors section of the company's web site at www.formfactor.com. To Listen via Telephone: Preregistration is required. Please preregister by clicking here. Upon registering, you will be emailed a dial-in number, d ...

The presentation material utilized during the CEO Investor Summit will be made accessible on the events page of the Company's website at www.formfactor.com. Attendance at the CEO Investor Summit is by invitation only and is available solely to accredited investors and publishing research analysts. As space is limited, please RSVP early. Hosts reserve the right to limit attendance as necessary. Last day for registration is June 28, 2024. Claire E. McAdams Phone: (530) 265-9899 Email: claire@headgatepartners. ...

Source: FormFactor, Inc. LIVERMORE, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), today announced management's participation in the 16th Annual CEO Investor Summit 2024, being held Wednesday, July 10th at the St. Regis Hotel, San Francisco, CA. About the 16th Annual CEO Investor Summit 2024 The CEO Investor Summit is collectively hosted and funded by participating companies and features a "roundrobin" format consisting of small group meetings with company management teams. Durin ...

Core Viewpoint - FormFactor, Inc. is actively participating in several upcoming investor conferences, showcasing its commitment to engaging with investors and stakeholders in the semiconductor industry [1]. Conference Participation - FormFactor will attend the B. Riley 24th Annual Institutional Investor Conference on May 22, 2024, at The Beverly Hilton, with a format of one-on-one meetings only [1]. - The company will also participate in the Craig-Hallum 21st Annual Institutional Investor Conference on May 29, 2024, at Depot Renaissance Hotel Minneapolis, again in a one-on-one format [1]. - On May 30, 2024, FormFactor will be present at the TD Securities 52nd Annual Technology, Media & Telecom Conference at InterContinental New York Barclay, with one-on-one meetings [1]. - The Stifel 2024 Cross Sector Insight Conference will take place on June 5, 2024, at The InterContinental Boston Hotel, where FormFactor will present from 10:55 am to 11:25 am ET, followed by one-on-one meetings [1]. - Lastly, the company will attend the Baird 2024 Global Consumer, Technology & Services Conference on June 6, 2024, at InterContinental New York Barclay, also in a one-on-one format [1]. Company Overview - FormFactor, Inc. is a leading provider of essential test and measurement technologies throughout the entire integrated circuit (IC) life cycle, including characterization, modeling, reliability, design debugging, qualification, and production testing [2]. - The company supports semiconductor firms in enhancing profitability by optimizing device performance and improving yield knowledge [2]. - FormFactor serves its customers through a network of facilities located in Asia, Europe, and North America [2].

Group 1 - FormFactor, Inc. will participate in several upcoming investor conferences, including the B. Riley 24th Annual Institutional Investor Conference on May 22, 2024, and the Craig-Hallum 21st Annual Institutional Investor Conference on May 29, 2024 [1][2] - The company will also present at the TD Securities 52nd Annual Technology, Media & Telecom Conference on May 30, 2024, and the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, where a live webcast will be available [1][2] - FormFactor is recognized as a leading provider of essential test and measurement technologies throughout the entire integrated circuit (IC) life cycle, serving semiconductor companies to enhance profitability and optimize device performance [3] Group 2 - The company operates a network of facilities across Asia, Europe, and North America, providing services that advance yield knowledge and support production testing [3] - Investors can access the live webcast of FormFactor's presentation at the Stifel conference through the company's website, with a replay also available [2] - The investor relations contact for FormFactor is Stan Finkelstein, who can be reached at (925) 290-4273 [4]