Professional
Added to YB: 2024-12-30
Pitch date: 2024-11-19
FORM [bullish]
FormFactor, Inc.
+11.14%
current return
Author Info
No bio for this author
Company Info
FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States and internationally.
Market Cap
$2.9B
Pitch Price
$37.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
31.64
P/E
67.19
EV/Sales
3.57
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Royce Investment Partners - FormFactor (FORM)
FORM: #1 player (33% share) in probe card market. High switching costs, recurring revenue. AI chips (HBM) driving growth. Expects HBM rebound Q4'24 & 2025. New HBM design wins. Lagged in H2'24 due to slow PC/smartphone chip demand & inventory issues. Long-term growth intact.
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