Latest news with #FormFactor
Globe and Mail
5 days ago
- Business
- Globe and Mail
FormFactor, Inc. Announces Purchase of New Manufacturing Facility
LIVERMORE, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading provider of test and measurement technologies for the semiconductor industry, today announced that it has purchased a manufacturing site in Farmers Branch, Texas. The site, which comprises four structures and includes 50,000 square feet of clean room space, was purchased for $55 million dollars. Commenting on the purchase, Mike Slessor, CEO of FormFactor, Inc., said, 'FormFactor's purchase of the Farmers Branch, Texas manufacturing facility enables us to acquire a scarce, fit-for-purpose asset that aligns with our strategic roadmap and provides significant operational flexibility. Located in a lower-operating cost region, it is one of a handful of existing facilities in the U.S. that has a clean room and comes equipped with the infrastructure to meet our future manufacturing needs.' Slessor added, 'As we've said for some time, we are seeing increased test intensity driven by the adoption of advanced packaging technologies, which is in turn driving increased demand for FormFactor's probe-card products. This is evident in the recent rapid growth of our High Bandwidth Memory, or HBM, probe-card revenue, and we expect this advanced-packaging driven growth to continue.'. 'The purchase of this facility, for a competitive price, creates optionality for us in cost-effectively meeting this anticipated increasing long-term demand, and it will be an important step forward as we refine our operational strategy.' About FormFactor: FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor's products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company's website at Forward-looking Statements: This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the federal securities laws, including with respect to the Company's future financial and operating results, and the Company's plans, strategies and objectives for future operations. These statements are based on management's current expectations and beliefs as of the date of this release, and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding future financial and operating results, including under the heading 'Outlook' above, market trends, conditions in and the growth of the semiconductor industry and the Company's performance, and other statements regarding the Company's business. Forward-looking statements may contain words such as 'may,' 'might,' 'will,' 'expect,' 'plan,' 'anticipate,' 'forecast,' 'continue,' and "prospect," and the negative or plural of these words and similar expressions, and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in and impacts from export control, tariffs and other trade barriers; changes in demand for the Company's products; customer-specific demand; market opportunity; anticipated industry trends; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; manufacturing, processing, and design capacity, goals, expansion, volumes, and progress; difficulties or delays in research and development; industry seasonality; risks to the Company's realization of benefits from acquisitions; reliance on customers or third parties (including suppliers); changes in macro-economic environments; events affecting global and regional economic and market conditions and stability such as tariffs, military conflicts, political volatility, infectious diseases and pandemics, and similar factors, operating separately or in combination; and other factors, including those set forth in the Company's most current annual report on Form 10-K, quarterly reports on Form 10-Q and other filings by the Company with the U.S. Securities and Exchange Commission. In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national security developments or tensions, that may substantially restrict or condition our sales to or in certain countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company is under no obligation (and expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a result of new information, future events, or otherwise.
Yahoo
28-05-2025
- Business
- Yahoo
What To Expect From Marvell Technology's (MRVL) Q1 Earnings
Networking chips designer Marvell Technology (NASDAQ: MRVL) will be reporting results tomorrow afternoon. Here's what to look for. Marvell Technology beat analysts' revenue expectations by 1.2% last quarter, reporting revenues of $1.82 billion, up 27.4% year on year. It was a mixed quarter for the company, with a decent beat of analysts' adjusted operating income estimates but an increase in its inventory levels. Is Marvell Technology a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Marvell Technology's revenue to grow 61.7% year on year to $1.88 billion, a reversal from the 12.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Marvell Technology has missed Wall Street's revenue estimates twice over the last two years. Looking at Marvell Technology's peers in the semiconductor manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FormFactor delivered year-on-year revenue growth of 1.6%, beating analysts' expectations by 0.9%, and Amkor reported a revenue decline of 3.2%, topping estimates by 3%. FormFactor traded up 3.1% following the results while Amkor was down 2.7%. Read our full analysis of FormFactor's results here and Amkor's results here. There has been positive sentiment among investors in the semiconductor manufacturing segment, with share prices up 15.6% on average over the last month. Marvell Technology is up 9.6% during the same time and is heading into earnings with an average analyst price target of $96.26 (compared to the current share price of $64.33). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Nova, FormFactor, Entegris, fuboTV, and GameStop Shares Are Soaring, What You Need To Know
A number of stocks jumped in the morning session after the major indices rebounded (Nasdaq +2.0%, S&P 500 +1.5%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Semiconductor Manufacturing company Nova (NASDAQ:NVMI) jumped 7%. Is now the time to buy Nova? Access our full analysis report here, it's free. Semiconductor Manufacturing company FormFactor (NASDAQ:FORM) jumped 5.3%. Is now the time to buy FormFactor? Access our full analysis report here, it's free. Semiconductor Manufacturing company Entegris (NASDAQ:ENTG) jumped 6.5%. Is now the time to buy Entegris? Access our full analysis report here, it's free. Media company fuboTV (NYSE:FUBO) jumped 10.9%. Is now the time to buy fuboTV? Access our full analysis report here, it's free. Electronics & Gaming Retailer company GameStop (NYSE:GME) jumped 5.7%. Is now the time to buy GameStop? Access our full analysis report here, it's free. fuboTV's shares are extremely volatile and have had 66 moves greater than 5% over the last year. But moves this big are rare even for fuboTV and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 25 days ago when the stock dropped 14.9% on the news that the company reported underwhelming first quarter 2025 results with revenue missing analysts' estimates significantly. What stood out was the weak revenue growth of just 3.5%, a sharp slowdown from the double-digit gains Fubo posted in previous quarters. This drop-off was driven by subscriber losses in both North America and international markets. Sales were lifted modestly by a slight increase in average revenue per user, but advertising revenue in North America dropped over 17%, weighed down by the loss of certain ad-insertable content. Looking ahead, the company expected revenue in Q2 to decline by 10% in North America and 15% in international markets, largely due to a subscriber dip. Overall, this was a weaker quarter. fuboTV is up 156% since the beginning of the year, but at $3.61 per share, it is still trading 33.8% below its 52-week high of $5.46 from January 2025. Investors who bought $1,000 worth of fuboTV's shares 5 years ago would now be looking at an investment worth $278.84. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
3 Profitable Stocks Playing with Fire
A company with profits isn't always a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential. A business making money today isn't necessarily a winner, which is why we analyze companies across multiple dimensions at StockStory. Keeping that in mind, here are three profitable companies to steer clear of and a few better alternatives. Trailing 12-Month GAAP Operating Margin: 6.1% With customers across the foundry and fabless markets, FormFactor (NASDAQ:FORM) is a US-based provider of test and measurement technologies for semiconductors. Why Are We Out on FORM? 4.4% annual revenue growth over the last five years was slower than its semiconductor peers Demand will likely be soft over the next 12 months as Wall Street's estimates imply tepid growth of 2.4% Expenses have increased as a percentage of revenue over the last five years as its operating margin fell by 6.1 percentage points FormFactor's stock price of $30.35 implies a valuation ratio of 20.5x forward P/E. Check out our free in-depth research report to learn more about why FORM doesn't pass our bar. Trailing 12-Month GAAP Operating Margin: 1.5% Established in 1994, Orion (NYSE:ORN) provides construction services for marine infrastructure and industrial projects. Why Do We Avoid ORN? Sales trends were unexciting over the last five years as its 2.4% annual growth was below the typical industrials company Earnings per share fell by 10.1% annually over the last five years while its revenue grew, showing its incremental sales were much less profitable Low free cash flow margin of -0.2% for the last five years gives it little breathing room, constraining its ability to self-fund growth or return capital to shareholders At $8.10 per share, Orion trades at 49.9x forward P/E. To fully understand why you should be careful with ORN, check out our full research report (it's free). Trailing 12-Month GAAP Operating Margin: 8.7% Involved in manufacturing hard tips of anti-tank projectiles in World War II, Kennametal (NYSE:KMT) is a provider of industrial materials and tools for various sectors. Why Do We Steer Clear of KMT? Organic sales performance over the past two years indicates the company may need to make strategic adjustments or rely on M&A to catalyze faster growth Estimated sales for the next 12 months are flat and imply a softer demand environment Earnings per share have dipped by 1.8% annually over the past five years, which is concerning because stock prices follow EPS over the long term Kennametal is trading at $21 per share, or 17.5x forward P/E. Check out our free in-depth research report to learn more about why KMT doesn't pass our bar. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
Semtech (SMTC) Q1 Earnings: What To Expect
Semiconductor company Semtech (NASDAQ:SMTC) will be reporting earnings tomorrow afternoon. Here's what to look for. Semtech met analysts' revenue expectations last quarter, reporting revenues of $251 million, up 30.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. Is Semtech a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Semtech's revenue to grow 21.8% year on year to $251 million, a reversal from the 12.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Semtech has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1% on average. Looking at Semtech's peers in the semiconductor manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FormFactor delivered year-on-year revenue growth of 1.6%, beating analysts' expectations by 0.9%, and Amkor reported a revenue decline of 3.2%, topping estimates by 3%. FormFactor traded up 3.1% following the results while Amkor was down 2.7%. Read our full analysis of FormFactor's results here and Amkor's results here. There has been positive sentiment among investors in the semiconductor manufacturing segment, with share prices up 10% on average over the last month. Semtech is up 24.5% during the same time and is heading into earnings with an average analyst price target of $54.17 (compared to the current share price of $37.27). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
