FormFactor, Inc. (FORM) Report Analysis
Corporate Events
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell Small Cap Comp Value Index
2022-06-24 00:00:00
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell Small Cap Comp Value Index
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 2500 Value Index
2022-06-24 00:00:00
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 2500 Value Index
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 3000E Value Index
2022-06-24 00:00:00
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 3000E Value Index
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 2000 Value Index
2022-06-24 00:00:00
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 2000 Value Index
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 3000 Value Index
2022-06-24 00:00:00
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 3000 Value Index
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 2000 Value-Defensive Index
2022-06-24 00:00:00
FormFactor, Inc.(NasdaqGS:FORM) dropped from Russell 2000 Value-Defensive Index
FormFactor, Inc. (NasdaqGS : FORM) acquired DR Product Line from JanisULT.
2022-06-09 00:00:00
FormFactor, Inc. (NasdaqGS : FORM) acquired DR Product Line from JanisULT on June 9, 2022. FormFactor, Inc. (NasdaqGS : FORM) completed the acquisition of DR Product Line from JanisULT on June 9, 2022.
Formfactor, Inc. Approves to Amend the Company’s Amended and Restated Certificate of Incorporation
2022-06-03 10:08:00
FormFactor, Inc. in its Annual Meeting held on May 27, 2022 approved a proposal to amend the Company’s Amended and Restated Certificate of Incorporation, as amended (the “Charter”), to phase out the Company’s classified board structure and provide for the annual election of all directors commencing with the Company’s 2024 Annual Meeting of Stockholders (the “Declassification Amendment”). The Company’s Charter previously provided for the Board of Directors to be divided into three classes of approximately equal size, with each class serving a staggered three-year term. Pursuant to the Declassification Amendment, (a) directors who were elected at the 2022 Annual Meeting will serve a one-year term and they or their successors will stand for reelection at the 2023 Annual Meeting of Stockholders, (b) directors whose terms expire at the Company’s 2023 Annual Meeting of Stockholders, including those directors elected at the 2022 Annual Meeting and the Company’s 2023 Annual Meeting, or their successors, will stand for election to a one-year term at the Company’s 2024 Annual Meeting of Stockholders, and directors whose current terms expire at the 2024 Annual Meeting of Stockholders, including those directors who are elected at the 2022 Annual Meeting and the Company’s 2023 Annual Meeting of Stockholders, or their successors, will stand for election to a one-year term at the Company’s 2024 Annual Meeting of Stockholders. Beginning with the Company’s 2024 Annual Meeting of Stockholders, the declassification of the Board of Directors will be complete, and all directors will be subject to annual election for one-year terms. The Board previously approved the Declassification Amendment, subject to receipt of stockholder approval at the 2022 Annual Meeting, and also approved an Amended and Restated Certificate of Incorporation (the “Restated Certificate”) incorporating the Declassification Amendment, which was conditioned upon stockholder approval of the Declassification Amendment and the filing of a Certificate of Amendment to effect the Declassification Amendment (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware. The Company filed the Certificate of Amendment and the Restated Certificate with the Secretary of State of the State of Delaware following receipt of stockholder approval at the 2022 Annual Meeting and both became effective May 27, 2022. The Board of Directors also approved, conditioned and effective upon stockholder approval of the Declassification Amendment and the filing of the Certificate of Amendment, amendments to the Amended and Restated Bylaws of the Company (the “Bylaws”) to conform the provisions of Article II, Section 2.2 of the Bylaws to the Charter amendments effected by the Declassification Amendment and to adopt gender neutral language.
SEEQC Deploys FormFactor’s Qubit Pre-screening Solution to Speed Quantum Computing Development
2022-06-02 20:02:00
FormFactor, Inc. announced that SEEQC has deployed FormFactor’s recently announced integrated measurement solution to markedly expedite its quantum computing research and development program. The measurement solution, including the sub-50mK HPD Model 106 Adiabatic Demagnetization Refrigerator (ADR) and the PQ500 RF and DC probe socket, complements sub-10mK dilution refrigerators to accelerate cryogenic test cycles by more than two times. As the quantum computing industry matures and scales up the number of qubits for commercialization, accelerating test cycles becomes a priority. FormFactor’s innovative new PQ500 high-density probe socket, the first commercial product of its kind, allows scientists to directly probe quantum computing processor dies inside ultra-low temperature cryostats like ADRs. Key System Features: FormFactor’s quantum cryogenic measurement system incorporates: HPD Model 106 ADR Cryostat: Pulse tube cryocooler for cryogen free 4K temperatures; Two stage ADR provides solid state cooling down to 30mK; Sample stage mounting at both 1K and 50mK; and PQ500 High Density RF and DC Probe Socket. Comprehensive I/O connections: standard setup of up-to 24 RF lines (up to 18 GHz) and 48 DC lines, with extensions to higher I/O connections possible. Non-magnetic construction: capable of characterizing qubits below 50mK without magnetic interference when required. Sample size: proven with chips up to 10mm x 10mm in size. Pressure-based contact: provides test and measurement connection to DUTs (Devices Under Test) using pressure only -- no permanent connection required.
Keysight, FormFactor, DMPI and VDI Join Forces to Deliver a New 170 GHz / 220 GHz Broadband Vector Network Analysis Solution
2022-05-24 15:00:00
Keysight Technologies, Inc.; FormFactor, Inc.; DMPI Inc. and Virginia Diodes, Inc. (VDI), who designs and produces millimeter wave and terahertz devices, components and systems, have joined forces to deliver a new 170 GHz /220 GHz Broadband Vector Network Analysis (VNA) Solution that shortens design and verification cycles for 5G and emerging 6G applications. Keysight, FormFactor, DMPI and VDI have jointly developed this new VNA solution to provide on-wafer millimeter-wave component characterization under various conditions. It offers an advanced dynamic range, high output power and maximum stability. As a result, designers can efficiently characterize on-wafer devices and circuits, enabling the creation of highly accurate process design kits (PDKs) used to design integrated circuit models that shorten the design and verification cycle. Additionally, it enables rapid deployment of devices for the emerging 5G and 6G monolithic microwave integrated circuits (MMICs), a type of integrated circuit (IC) device that operates at microwave frequencies. The joint solution, Keysight’s new 220 GHz Broadband Network Analyzer, enables customers to address the needs of 5G and future 6G technologies that will have a significant impact on communications through the internet of things and ubiquitous wireless connections. The fully integrated solution is comprised of: Keysight’s N5291A 125 GHz broadband VNA – a single-sweep solution with compact frequency extenders, that delivers accurate leveled power. DMPI /FormFactor T-Wave GSG Dual band probes – which provide wafer-level electrical measurement on FormFactor wafer probing solutions of millimeter wave (mmW) devices and materials up to 1.1 terahertz (THz). VDI’s specially designed sub-THz frequency extenders – which allows for high accuracy measurement of on-wafer device under tests from 900 Hz to 170 GHz or 220 GHz in a single frequency sweep.
FormFactor, Inc. (NasdaqGS:FORM) announces an Equity Buyback for $75 million worth of its shares.
2022-05-24 10:16:00
FormFactor, Inc. (NasdaqGS:FORM) announces a share repurchase program. Under the program, the company will repurchase $75 million worth of its shares. The purpose of the program is to offset dilution from share issuances related to stock-based compensation. The program will expire on May 20, 2024.
FormFactor, Inc. authorizes a Buyback Plan.
2022-05-23 00:00:00
The Board of Directors of FormFactor, Inc. has authorized a buyback plan on May 23, 2022.
FormFactor, Inc. Presents at 19th Annual Craig-Hallum Institutional Investor Conference, Jun-01-2022
2022-05-19 20:00:00
FormFactor, Inc. Presents at 19th Annual Craig-Hallum Institutional Investor Conference, Jun-01-2022 .
FormFactor, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-02-2022
2022-05-19 20:00:00
FormFactor, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-02-2022 . Venue: New York City, New York, United States.
FormFactor, Inc. Presents at Baird 2022 Global Consumer, Technology & Services Conference, Jun-07-2022
2022-05-19 20:00:00
FormFactor, Inc. Presents at Baird 2022 Global Consumer, Technology & Services Conference, Jun-07-2022 . Venue: InterContinental New York Barclay, 111 East 48th Street, New York City, New York, United States.
FormFactor, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 10:55 AM
2022-05-19 20:00:00
FormFactor, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 10:55 AM. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.
Tranche Update on FormFactor, Inc. (NasdaqGS:FORM)'s Equity Buyback Plan announced on October 28, 2020.
2022-05-03 16:09:00
From December 26, 2021 to March 26, 2022, the company has repurchased 240,548 shares, representing 0.31% for $9.4 million. With this, the company has completed the repurchase of 862,948 shares, representing 1.11% for $33.43 million under the buyback announced on October 28, 2020.
FormFactor, Inc. Provides Consolidated Earnings Guidance for the Second Quarter Ending June 25, 2022
2022-04-27 20:01:00
FormFactor, Inc. provided consolidated earnings guidance for the second quarter ending June 25, 2022. For the period, the company expects revenue of $203 million +/- $6 million and net income per diluted share of $0.31 +/- $0.04.
FormFactor, Inc. Proposes Amendment to Certificate of Incorporation
2022-04-13 18:32:00
FormFactor, Inc. proposed amendment to company's certificate of incorporation to provide for the annual election of directors and eliminate the classified board structure at the to be held annual meeting on May 27, 2022.
Formfactor, Inc. Announces Resignation of Rogas
2022-04-13 18:29:00
FormFactor, Inc. announced that Mr. Rogas did not stand for re-election at the 2021 annual meeting.
FormFactor, Inc. - Shareholder/Analyst Call
2022-04-13 18:29:00
AGM
FormFactor, Inc., Annual General Meeting, May 27, 2022
2022-04-13 18:29:00
FormFactor, Inc., Annual General Meeting, May 27, 2022, at 15:00 Pacific Daylight. Agenda: To consider election of the three directors named in the proxy statement; to consider approval of an amendment to our certificate of incorporation to declassify our board of directors and provide for the annual election of all directors; to consider advisory approval of the company’s executive compensation; to consider advisory vote on the frequency of stockholder advisory votes on the company’s executive compensation; to consider approval of an amendment and restatement of the company’s 2012 equity incentive plan to increase the number of shares reserved for issuance under the 2012 equity incentive plan by 4,000,000 shares and to extend the term of the 2012 equity incentive plan to 2032; to consider ratification of the selection of kpmg llp as formfactor, inc.’s independent registered public accounting firm for fiscal year 2022; and to consider action upon such other matters as may properly come before the annual meeting or any adjournment or postponement thereof.
FormFactor, Inc., Q1 2022 Earnings Call, Apr 27, 2022
2022-04-06 20:05:00
FormFactor, Inc., Q1 2022 Earnings Call, Apr 27, 2022
FormFactor, Inc. to Report Q1, 2022 Results on Apr 27, 2022
2022-04-06 20:05:00
FormFactor, Inc. announced that they will report Q1, 2022 results at 1:25 PM, Pacific Standard Time on Apr 27, 2022
FormFactor, Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-25-2022 08:50 AM
2022-03-12 04:48:00
FormFactor, Inc. Presents at B. Riley 22nd Annual Institutional Investor Conference, May-25-2022 08:50 AM. Venue: The Beverly Hilton Hotel, Beverly Hills, California, United States. Speakers: Mike Slessor, Chief Executive Officer, Shai Shahar, Chief Financial Officer, Stan Finkelstein, Head of Investor Relations.
Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022
2022-03-02 19:15:00
Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.
Craig-Hallum Capital Group LLC, 19th Annual Craig-Hallum Institutional Investor Conference, Jun 01, 2022
2022-02-09 13:26:00
Craig-Hallum Capital Group LLC, 19th Annual Craig-Hallum Institutional Investor Conference, Jun 01, 2022.
Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022
2022-02-07 20:29:00
Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022. Venue: New York City, New York, United States.
FormFactor, Inc. Provides Earnings Guidance for the First Quarter Ending March 26, 2022
2022-02-02 21:01:00
FormFactor, Inc. provided GAAP earnings guidance for the first quarter ending March 26, 2022. For the quarter, the company expects revenue guidance in the range of $188 million to $200 million and net income per diluted share in the range of $0.23 to $0.31.
Robert W. Baird & Co. Incorporated, Baird 2022 Global Consumer, Technology & Services Conference, Jun 06, 2022 through Jun 08, 2022
2022-01-31 12:08:00
Robert W. Baird & Co. Incorporated, Baird 2022 Global Consumer, Technology & Services Conference, Jun 06, 2022 through Jun 08, 2022. Venue: InterContinental New York Barclay, 111 East 48th Street, New York City, New York, United States.
FormFactor, Inc. to Report Q4, 2021 Results on Feb 02, 2022
2022-01-13 21:05:00
FormFactor, Inc. announced that they will report Q4, 2021 results at 1:25 PM, Pacific Standard Time on Feb 02, 2022
FormFactor, Inc., Q4 2021 Earnings Call, Feb 02, 2022
2022-01-13 21:05:00
FormFactor, Inc., Q4 2021 Earnings Call, Feb 02, 2022
B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022
2022-01-12 16:21:00
B. Riley Financial, Inc., B. Riley 22nd Annual Institutional Investor Conference, May 25, 2022 through May 26, 2022. Venue: The Beverly Hilton Hotel, Beverly Hills, California, United States.
FormFactor, Inc. Opens New Manufacturing Facility
2021-12-15 21:05:00
FormFactor, Inc. announced the opening of a new manufacturing facility, expanding its Livermore, California campus. The 90,000 square foot facility provides the company with additional capacity to manufacture advanced wafer probe cards, essential equipment to test semiconductor chips and support the growing test demand of advanced packaging. The new building features a class 1000 clean room for the assembly and test of MEMS probe cards, as well as office and warehouse space. The new facility represents a significant part of the company’s plans to invest approximately $70-80 million in 2021 on manufacturing capacity expansion.
FormFactor, Inc. Presents at 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov-16-2021
2021-11-12 18:00:00
FormFactor, Inc. Presents at 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov-16-2021 .
FormFactor, Inc. Presents at 10th Annual December CEO Summit, Dec-08-2021
2021-11-12 18:00:00
FormFactor, Inc. Presents at 10th Annual December CEO Summit, Dec-08-2021 . Venue: St. Regis Hotel, San Francisco, California, United States.
FormFactor, Inc. Presents at DA Davidson Semicap, Laser and Optical Conference, Dec-15-2021
2021-11-12 18:00:00
FormFactor, Inc. Presents at DA Davidson Semicap, Laser and Optical Conference, Dec-15-2021 .
Conference Direct LLC, 10th Annual December CEO Summit, Dec 08, 2021
2021-11-04 20:05:00
Conference Direct LLC, 10th Annual December CEO Summit, Dec 08, 2021. Venue: St. Regis Hotel, San Francisco, California, United States.
Tranche Update on FormFactor, Inc. (NasdaqGS:FORM)'s Equity Buyback Plan announced on October 28, 2020.
2021-11-02 16:02:00
From June 27, 2021 to September 25, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 620,200 shares, representing 0.8% for $23.95 million under the buyback announced on October 28, 2020.
FormFactor, Inc. Presents at Inside Quantum Technology Fall, Nov-03-2021 12:50 PM
2021-11-01 17:08:00
FormFactor, Inc. Presents at Inside Quantum Technology Fall, Nov-03-2021 12:50 PM. Venue: New York City, New York, United States. Speakers: Jack DeGrave, Business Development Scientist.
D.A. Davidson & Co., DA Davidson Semicap, Laser and Optical Conference, Dec 15, 2021
2021-10-30 14:04:00
D.A. Davidson & Co., DA Davidson Semicap, Laser and Optical Conference, Dec 15, 2021.
3DR Holdings Pty Ltd, Inside Quantum Technology Fall, Nov 01, 2021 through Nov 05, 2021
2021-10-29 10:00:00
3DR Holdings Pty Ltd, Inside Quantum Technology Fall, Nov 01, 2021 through Nov 05, 2021. Venue: New York City, New York, United States.
FormFactor, Inc. Provides GAAP Earnings Guidance for the Fourth Quarter Ending December 25, 2021
2021-10-27 20:04:00
FormFactor, Inc. provided GAAP earnings guidance for the fourth quarter ending December 25, 2021. For the quarter, the company expects revenue guidance on the range of $192 million to $204 million and net income per diluted share in the range of $0.25 to $0.33.
FormFactor, Inc. to Report Q3, 2021 Results on Oct 27, 2021
2021-10-08 16:00:00
FormFactor, Inc. announced that they will report Q3, 2021 results at 1:25 PM, Pacific Standard Time on Oct 27, 2021
FormFactor, Inc., Q3 2021 Earnings Call, Oct 27, 2021
2021-10-08 16:00:00
FormFactor, Inc., Q3 2021 Earnings Call, Oct 27, 2021
Craig-Hallum Capital Group LLC, 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov 16, 2021
2021-09-08 08:33:00
Craig-Hallum Capital Group LLC, 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov 16, 2021.
FormFactor, Inc. Presents at 30th annual SWTest conference and expo, Aug-30-2021 through Sep-01-2021
2021-08-23 12:44:00
FormFactor, Inc. Presents at 30th annual SWTest conference and expo, Aug-30-2021 through Sep-01-2021. Venue: San Diego, California, United States. Presentation Date & Speakers: Aug-30-2021, Daniel Bock, David Raschko. Aug-31-2021, Amy Leong, Chief Marketing Officer and Senior VP of Mergers & Acquisitions. Sep-01-2021, Cameron Harker, Joe Ceremuga, Pouya Dastmalchi, Yohannes Desta.
Technoprobe S.p.A., 30th annual SWTest conference and expo, Aug 30, 2021 through Sep 01, 2021
2021-08-23 12:15:00
Technoprobe S.p.A., 30th annual SWTest conference and expo, Aug 30, 2021 through Sep 01, 2021. Venue: San Diego, California, United States.
Technoprobe S.p.A., 30th annual SWTest conference and expo, Aug 30, 2021 through Sep 01, 2021
2021-08-23 12:15:00
Technoprobe S.p.A., 30th annual SWTest conference and expo, Aug 30, 2021 through Sep 01, 2021. Venue: San Diego, California, United States.
FormFactor, Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021
2021-08-19 20:01:00
FormFactor, Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021 .
FormFactor, Inc. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Aug-31-2021
2021-08-19 20:01:00
FormFactor, Inc. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Aug-31-2021 .
FormFactor, Inc. Presents at CL King's 19th Annual Best Ideas Conference, Sep-14-2021
2021-08-19 20:01:00
FormFactor, Inc. Presents at CL King's 19th Annual Best Ideas Conference, Sep-14-2021 .
FormFactor, Inc. Presents at Citi 2021 Global Technology Virtual Conference, Sep-15-2021 01:50 PM
2021-08-19 20:01:00
FormFactor, Inc. Presents at Citi 2021 Global Technology Virtual Conference, Sep-15-2021 01:50 PM.
Tranche Update on FormFactor, Inc. (NasdaqGS:FORM)'s Equity Buyback Plan announced on October 28, 2020.
2021-07-30 16:12:00
From March 28, 2021 to June 26, 2021, the company has repurchased 483,798 shares, representing 0.62% for $18.21 million. With this, the company has completed the repurchase of 620,200 shares, representing 0.8% for $23.95 million under the buyback announced on October 28, 2020.
CL King & Associates, Inc., CL King's 19th Annual Best Ideas Conference, Sep 14, 2021
2021-07-14 20:22:00
CL King & Associates, Inc., CL King's 19th Annual Best Ideas Conference, Sep 14, 2021.
FormFactor, Inc., Q2 2021 Earnings Call, Jul 28, 2021
2021-07-14 16:29:00
FormFactor, Inc., Q2 2021 Earnings Call, Jul 28, 2021
FormFactor, Inc. to Report Q2, 2021 Results on Jul 28, 2021
2021-07-14 16:29:00
FormFactor, Inc. announced that they will report Q2, 2021 results on Jul 28, 2021
Fundamental Summary
FormFactor released impressive Q1 results on 2022-05-03. Their positive growth and value factors indicate that the company is likely to continue to produce impressive results for the foreseeable future, as well. This relative strength should allow FormFactor to continue to perform well even in a tough market. We gave FormFactor a 87 rating and a STRONG BUY recommendation.
FormFactor reported earnings results for the first quarter ended March 26, 2022. For the first quarter, the company reported sales was USD 197.17 million compared to USD 186.64 million a year ago. Net income was USD 29.87 million compared to USD 19.63 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.25 a year ago.
Business Description
FormFactor 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. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; surface metrology systems for the development, production, and quality control of semiconductor products; thermal subsystems, such as thermal chucks and other test systems used in probe stations and other applications; and precision cryogenic instruments, semiconductor tests, and measurement systems. In addition, the company offers on-site probe card maintenance and service training, seminars, and telephone support services. The company markets and sells its products through direct sales force, manufacturers’ representatives, and distributors in the United States, Taiwan, South Korea, China, Japan, Europe, rest of Asia-Pacific, and internationally. FormFactor was incorporated in 1993 and is headquartered in Livermore, California.
Sector Overview
FormFactor is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. FormFactor's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 11.7 | 8.5% | 83 | |
| Net Cashflow | -7.0 | 80.3% | 78 | |
| Capital Expenditure | -68.6 | -3.2% | 66 | |
| Asset Turnover | 0.8 | -1.3% | 58 | |
| Free Cashflow | 1.1 | 13.0% | 81 |
* All values are TTM
The below chart reflects FormFactor's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While FormFactor's peer average final assessment score stands on 70.0, FormFactor's score is 87.
- FORM
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. FormFactor's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), FormFactor's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.
5D MA
38.11
50D MA
38.59
200D MA
40.3
MACD
-0.37
RSI
3.51
STOCH
92.97
Balance Sheet Analysis
FormFactor appears likely to maintain its strong balance sheet metrics and momentum going forward. FormFactor did a great job related to equity this period, which stood at 846.7, representing a 3.8% change. This parameter often affects companies in the same industry and market capitalization by up to 4.3%. This performance is significantly more impressive than its peers and competitors. Consequently, their equity movement received a grade of 84. Also, FormFactor reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 167.2, representing 10.7% change from the last report. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 82. That said, one metric, Assets, stood out as particularly concerning. Mediocre performance in terms of assets could drop the bar on expectations for FormFactor's future attractiveness, as they changed to 1056.9 in the latest filing. This works out to a 3.6% change from the last period. This unimpressive metric is weaker than its peers and competitors. Consequently, their asset movement received a grade of 70. Their balance sheet received an overall score of 83.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 1,056.9 | 3.6% | 70 |
| Liabilities | 210.2 | 2.7% | 72 |
| Price to Book | 3.9 | -12.1% | 80 |
| Cash & Equivalents | 167.2 | 10.7% | 82 |
| Equity | 846.7 | 3.8% | 84 |
The below chart describes FormFactor's performance as reflected on its balance sheet with respect to its peers. While FormFactor received a balance sheet score of 83, the average of its peers stands on 67.0.
- FORM
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 78 | 70 | 65 | 97 | 54 | 71 | 0 | 1 |
| Intel Corporation | 157.9B | 65 | 69 | 76 | 90 | 81 | 77 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 63 | 70 | 87 | 46 | 84 | 76 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 57 | 71 | 96 | 80 | 81 | 82 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 94 | 61 | 78 | 96 | 81 | 88 | 4 | 1 |
| Broadcom Inc. | 102.5B | 67 | 79 | 59 | 56 | 54 | 62 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 71 | 72 | 64 | 41 | 55 | 60 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 62 | 80 | 66 | 65 | 66 | 69 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 73 | 69 | 85 | 76 | 74 | 81 | 8 | 1 |
| Lam Research Corporation | 62.4B | 73 | 77 | 59 | 51 | 45 | 59 | 9 | 1 |
| KLA Corporation | 50.5B | 75 | 62 | 73 | 53 | 66 | 66 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 72 | 68 | 56 | 62 | 76 | 64 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 71 | 84 | 50 | 46 | 51 | 60 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 65 | 84 | 76 | 72 | 65 | 78 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 81 | 66 | 73 | 82 | 74 | 78 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 74 | 69 | 77 | 88 | 82 | 81 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 85 | 65 | 75 | 92 | 80 | 84 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 77 | 62 | 77 | 96 | 86 | 82 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 77 | 64 | 46 | 52 | 62 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 48 | 81 | 63 | 45 | 47 | 51 | 19 | 1 |
| Entegris, Inc. | 14.2B | 62 | 71 | 75 | 55 | 79 | 70 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 64 | 83 | 64 | 67 | 55 | 67 | 21 | 1 |
| First Solar, Inc. | 7.5B | 77 | 70 | 50 | 58 | 57 | 58 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 53 | 79 | 79 | 60 | 64 | 68 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 59 | 74 | 72 | 76 | 72 | 70 | 24 | 1 |
| Universal Display Corporation | 5.4B | 57 | 76 | 83 | 85 | 70 | 75 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 89 | 81 | 60 | 45 | 47 | 71 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 65 | 79 | 73 | 87 | 82 | 80 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 57 | 65 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 71 | 71 | 78 | 92 | 76 | 81 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 55 | 82 | 59 | 79 | 56 | 61 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 70 | 68 | 75 | 74 | 77 | 74 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 74 | 86 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 69 | 74 | 80 | 76 | 74 | 33 | 1 |
| Semtech Corporation | 3.6B | 58 | 79 | 68 | 67 | 64 | 67 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 64 | 75 | 74 | 38 | 75 | 69 | 35 | 1 |
| SunPower Corporation | 3.2B | 72 | 81 | 42 | 83 | 53 | 61 | 36 | 1 |
| Diodes Incorporated | 3.1B | 46 | 78 | 71 | 51 | 72 | 61 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 40 | 85 | 60 | 40 | 47 | 54 | 38 | 1 |
| Nova Ltd. | 2.8B | 86 | 45 | 76 | 48 | 82 | 61 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 75 | 76 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 45 | 75 | 74 | 86 | 65 | 63 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 45 | 83 | 61 | 76 | 56 | 57 | 42 | 1 |
| Rambus Inc. | 2.4B | 43 | 82 | 41 | 95 | 54 | 48 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 91 | 54 | 59 | 62 | 62 | 58 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 85 | 71 | 74 | 81 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 77 | 79 | 86 | 88 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 47 | 1 |
| Impinj, Inc. | 1.4B | 62 | 68 | 78 | 39 | 92 | 72 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 55 | 78 | 68 | 48 | 68 | 63 | 49 | 1 |
| Cohu, Inc. | 1.4B | 52 | 82 | 57 | 59 | 59 | 57 | 50 | 1 |
| Photronics, Inc. | 1.3B | 53 | 85 | 66 | 76 | 66 | 68 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 90 | 63 | 75 | 95 | 82 | 86 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 84 | 72 | 41 | 78 | 47 | 58 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 89 | 64 | 67 | 87 | 67 | 77 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 54 | 81 | 64 | 90 | 51 | 62 | 55 | 1 |
| CEVA, Inc. | 804.5M | 82 | 74 | 60 | 87 | 60 | 73 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 59 | 76 | 65 | 38 | 63 | 59 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 68 | 40 | 78 | 38 | 53 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 61 | 39 | 97 | 55 | 58 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 96 | 63 | 58 | 97 | 56 | 73 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 92 | 62 | 81 | 95 | 93 | 93 | 61 | 1 |
| SiTime Corporation | 3.8B | 57 | 67 | 65 | 73 | 64 | 58 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 84 | 71 | 67 | 72 | 73 | 77 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 87 | 62 | 77 | 94 | 94 | 89 | 64 | 1 |
| Camtek Ltd. | 1.1B | 63 | 61 | 82 | 37 | 90 | 66 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 87 | 57 | 51 | 43 | 50 | 52 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 89 | 66 | 49 | 72 | 64 | 66 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 49 | 54 | 72 | 56 | 56 | 44 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 56 | 78 | 79 | 72 | 72 | 74 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 37 | 80 | 80 | 62 | 80 | 67 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 94 | 62 | 85 | 99 | 98 | 98 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 51 | 78 | 42 | 41 | 51 | 41 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 66 | 77 | 79 | 85 | 52 | 65 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 92 | 70 | 66 | 45 | 73 | 75 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 48 | 82 | 40 | 37 | 52 | 41 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 71 | 66 | 72 | 64 | 86 | 74 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 41 | 87 | 39 | 47 | 55 | 45 | 80 | 1 |
Income Statement Analysis
Overall, FormFactor's critical income statement metrics appear to signal strong support and a high likelihood of positive growth going forward. In this filing, FormFactor reported a return on equity (ROE) ratio of 11.7, which represents a change of 8.5%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 83. Also, FormFactor's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 18.5%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. As a result, its revenue efficiency earned a score of 79. On the other hand, EBITDA, jumped out as looking problematic. FormFactor's EBIDTA now sits at 166.1 and represents 5.2% change from the last reporting period. This parameter coud affect companies in the same industry and market capitalization by up to 13.2%. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 76. Consequently, their income statement earned a rank of 80.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 166.1 | 5.2% | 76 |
| Total Revenues | 780.2 | 1.4% | 79 |
| Return on Equity | 11.7 | 8.5% | 83 |
The below chart describes FormFactor's performance as reflected on its income statement with respect to its peers. While FormFactor received a income statement score of 80 , the average of its peers stands on 70.0.
- FORM
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 46 | 83 | 68 | 63 | 0 | 1 |
| Intel Corporation | 157.9B | 90 | 55 | 73 | 76 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 69 | 78 | 71 | 74 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 48 | 87 | 79 | 66 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 40 | 89 | 38 | 59 | 4 | 1 |
| Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 72 | 68 | 73 | 72 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 40 | 91 | 93 | 65 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 59 | 88 | 90 | 74 | 8 | 1 |
| Lam Research Corporation | 62.4B | 80 | 63 | 75 | 74 | 9 | 1 |
| KLA Corporation | 50.5B | 56 | 77 | 77 | 67 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 79 | 90 | 71 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 41 | 89 | 88 | 64 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 57 | 83 | 92 | 71 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 50 | 93 | 85 | 70 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 53 | 92 | 94 | 73 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 45 | 90 | 83 | 66 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 41 | 70 | 48 | 53 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 70 | 63 | 70 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 88 | 57 | 62 | 75 | 19 | 1 |
| Entegris, Inc. | 14.2B | 56 | 80 | 80 | 69 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 76 | 65 | 63 | 71 | 21 | 1 |
| First Solar, Inc. | 7.5B | 98 | 43 | 40 | 73 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 54 | 88 | 89 | 71 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 78 | 66 | 65 | 74 | 24 | 1 |
| Universal Display Corporation | 5.4B | 71 | 63 | 61 | 68 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 76 | 93 | 76 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 45 | 91 | 90 | 68 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 80 | 76 | 83 | 80 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 63 | 76 | 77 | 70 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 48 | 67 | 61 | 33 | 1 |
| Semtech Corporation | 3.6B | 64 | 84 | 87 | 75 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 74 | 77 | 73 | 76 | 35 | 1 |
| SunPower Corporation | 3.2B | 49 | 43 | 72 | 49 | 36 | 1 |
| Diodes Incorporated | 3.1B | 66 | 84 | 86 | 76 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 54 | 83 | 78 | 72 | 38 | 1 |
| Nova Ltd. | 2.8B | 41 | 89 | 78 | 70 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 56 | 89 | 79 | 71 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 73 | 82 | 85 | 79 | 42 | 1 |
| Rambus Inc. | 2.4B | 48 | 85 | 62 | 64 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 73 | 76 | 53 | 72 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 63 | 60 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 47 | 1 |
| Impinj, Inc. | 1.4B | 64 | 53 | 52 | 59 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 49 | 1 |
| Cohu, Inc. | 1.4B | 92 | 53 | 49 | 75 | 50 | 1 |
| Photronics, Inc. | 1.3B | 55 | 86 | 92 | 71 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 48 | 86 | 68 | 65 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 62 | 75 | 76 | 69 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 49 | 95 | 89 | 71 | 55 | 1 |
| CEVA, Inc. | 804.5M | 51 | 90 | 97 | 71 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 72 | 60 | 55 | 67 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 50 | 49 | 60 | 49 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 45 | 74 | 55 | 57 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 49 | 90 | 86 | 69 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 37 | 96 | 94 | 65 | 61 | 1 |
| SiTime Corporation | 3.8B | 39 | 93 | 78 | 64 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 47 | 87 | 89 | 67 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 38 | 89 | 81 | 62 | 64 | 1 |
| Camtek Ltd. | 1.1B | 50 | 81 | 71 | 68 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 88 | 42 | 42 | 67 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 45 | 95 | 90 | 69 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 37 | 47 | 69 | 43 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 94 | 80 | 88 | 90 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 56 | 45 | 72 | 53 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 92 | 44 | 69 | 73 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 37 | 45 | 70 | 43 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 89 | 47 | 51 | 74 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 41 | 86 | 65 | 65 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 97 | 50 | 83 | 79 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 54 | 87 | 87 | 71 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 37 | 81 | 97 | 68 | 80 | 1 |
Cash Flow Analysis
Overall, FormFactor's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. FormFactor's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. FormFactor recorded free cash flow of 1.1, which represents a 13.0% change from the previous report. This parameter coud affect companies in the same industry and market capitalization by up to 7.4%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. Consequently, their free cash flow movement received a grade of 81. Also, FormFactor's management was effective in improving their net cash flow, which now sits at -7.0 and represents a 80.3% change from the previous report. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. The company's net cash flow, therefore, received a grade of 78. That said, one metric, Asset Turnover, stood out as particularly concerning. FormFactor's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.8, representing a -1.3% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 10.7%. The company's asset turnover metrics seem especially problematic relative to their peers. Therefore, their asset turnover movement earned a score of 58. Their cash flow received an overall score of 68.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | -7.0 | 80.3% | 78 |
| Capital Expenditure | -68.6 | -3.2% | 66 |
| Asset Turnover | 0.8 | -1.3% | 58 |
| Free Cashflow | 1.1 | 13.0% | 81 |
The below chart describes FormFactor's performance as reflected on its cash flow with respect to its peers. While FormFactor received a cash flow score of 68, the average of its peers stands on 71.0.
- FORM
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 93 | 65 | 61 | 86 | 82 | 0 | 1 |
| Intel Corporation | 157.9B | 57 | 72 | 68 | 53 | 58 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 74 | 74 | 63 | 69 | 70 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 65 | 65 | 70 | 87 | 77 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 93 | 66 | 69 | 37 | 57 | 4 | 1 |
| Broadcom Inc. | 102.5B | 74 | 76 | 87 | 89 | 85 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 75 | 59 | 69 | 72 | 69 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 78 | 76 | 51 | 94 | 84 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 81 | 85 | 81 | 74 | 80 | 8 | 1 |
| Lam Research Corporation | 62.4B | 72 | 60 | 56 | 75 | 68 | 9 | 1 |
| KLA Corporation | 50.5B | 70 | 76 | 52 | 79 | 74 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 72 | 51 | 85 | 73 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 94 | 84 | 58 | 46 | 65 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 80 | 79 | 48 | 84 | 79 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 54 | 86 | 45 | 64 | 64 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 60 | 79 | 55 | 74 | 70 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 84 | 78 | 59 | 75 | 77 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 46 | 38 | 55 | 52 | 43 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 78 | 57 | 79 | 73 | 71 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 75 | 65 | 66 | 68 | 68 | 19 | 1 |
| Entegris, Inc. | 14.2B | 60 | 57 | 50 | 77 | 65 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 78 | 65 | 87 | 71 | 73 | 21 | 1 |
| First Solar, Inc. | 7.5B | 46 | 84 | 56 | 46 | 53 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 79 | 77 | 43 | 82 | 77 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 58 | 58 | 92 | 56 | 59 | 24 | 1 |
| Universal Display Corporation | 5.4B | 74 | 81 | 68 | 65 | 71 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 70 | 89 | 81 | 88 | 86 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 66 | 68 | 80 | 75 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 58 | 68 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 85 | 62 | 98 | 55 | 67 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 88 | 77 | 64 | 82 | 82 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 46 | 57 | 61 | 71 | 60 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 91 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 56 | 56 | 77 | 56 | 56 | 33 | 1 |
| Semtech Corporation | 3.6B | 79 | 78 | 58 | 79 | 78 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 46 | 78 | 54 | 78 | 69 | 35 | 1 |
| SunPower Corporation | 3.2B | 84 | 41 | 39 | 93 | 74 | 36 | 1 |
| Diodes Incorporated | 3.1B | 77 | 61 | 52 | 80 | 72 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 63 | 53 | 46 | 85 | 61 | 38 | 1 |
| Nova Ltd. | 2.8B | 58 | 53 | 39 | 56 | 54 | 39 | 1 |
| MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 40 | 1 |
| Ambarella, Inc. | 2.7B | 84 | 95 | 45 | 75 | 80 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 93 | 81 | 83 | 74 | 83 | 42 | 1 |
| Rambus Inc. | 2.4B | 96 | 73 | 89 | 89 | 90 | 43 | 1 |
| Canadian Solar Inc. | 2.2B | 69 | 70 | 74 | 68 | 71 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 85 | 82 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 79 | 67 | 47 | 1 |
| Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 62 | 49 | 1 |
| Cohu, Inc. | 1.4B | 92 | 62 | 71 | 44 | 59 | 50 | 1 |
| Photronics, Inc. | 1.3B | 65 | 92 | 96 | 79 | 83 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 47 | 85 | 95 | 54 | 62 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 73 | 82 | 48 | 69 | 71 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 49 | 64 | 45 | 59 | 54 | 54 | 1 |
| PDF Solutions, Inc. | 813.0M | 81 | 98 | 45 | 92 | 89 | 55 | 1 |
| CEVA, Inc. | 804.5M | 57 | 54 | 84 | 83 | 71 | 56 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 51 | 37 | 87 | 71 | 59 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 603.6M | 87 | 90 | 59 | 88 | 84 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 77 | 64 | 40 | 60 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 57 | 74 | 76 | 46 | 55 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 78 | 86 | 63 | 96 | 89 | 61 | 1 |
| SiTime Corporation | 3.8B | 83 | 87 | 56 | 44 | 62 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 95 | 65 | 88 | 85 | 85 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 67 | 69 | 73 | 78 | 74 | 64 | 1 |
| Camtek Ltd. | 1.1B | 69 | 70 | 74 | 72 | 71 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 62 | 43 | 50 | 54 | 50 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 50 | 63 | 67 | 87 | 72 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 69 | 80 | 52 | 98 | 85 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 65 | 56 | 76 | 54 | 57 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 70 | 87 | 94 | 93 | 90 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 48 | 76 | 51 | 60 | 58 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 85 | 56 | 68 | 97 | 84 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 53 | 89 | 90 | 46 | 66 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 80 | 72 | 66 | 46 | 59 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 49 | 74 | 89 | 78 | 72 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 81 | 87 | 96 | 94 | 88 | 80 | 1 |
This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.