FormFactor, Inc. (FORM) Bundle
A Brief History of FormFactor, Inc. (FORM)
Company Overview
FormFactor, Inc. is a semiconductor manufacturing equipment company headquartered in Livermore, California. Founded in 1993, the company specializes in wafer probe card technologies.
Financial Performance
| Fiscal Year | Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $918.6 million | $107.4 million | $1.44 |
| 2022 | $1.05 billion | $138.7 million | $1.86 |
Key Business Segments
- Semiconductor Wafer Probe Cards
- Microelectronics Test Solutions
- Advanced Packaging Test Technologies
Market Presence
As of 2024, FormFactor serves major semiconductor manufacturers globally, with significant market share in advanced semiconductor testing technologies.
Stock Performance
| Stock Symbol | Current Price | Market Capitalization | 52-Week Range |
|---|---|---|---|
| FORM | $36.75 | $2.87 billion | $25.63 - $45.27 |
Research and Development
Annual R&D investment in 2023: $159.3 million, representing 17.3% of total revenue.
Employee Information
- Total Employees: 2,850
- Global Locations: 10 countries
- Headquarters: Livermore, California
Who Owns FormFactor, Inc. (FORM)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 6,443,442 | 10.92% |
| BlackRock Inc. | 5,243,756 | 8.87% |
| Dimensional Fund Advisors LP | 3,976,199 | 6.73% |
| Baillie Gifford & Co | 3,456,789 | 5.85% |
Insider Ownership
Mike Slessor serves as President and CEO, holding 0.88% of company shares.
Top Institutional Ownership
- Total institutional ownership: 85.6%
- Number of institutional holders: 197
- Institutional ownership change: +2.3% in last quarter
Ownership Distribution
| Owner Category | Percentage |
|---|---|
| Institutional Investors | 85.6% |
| Insider Ownership | 2.1% |
| Retail Investors | 12.3% |
FormFactor, Inc. (FORM) Mission Statement
Company Overview
FormFactor, Inc. is a semiconductor equipment and technology company headquartered in Livermore, California. The company specializes in manufacturing advanced semiconductor wafer probe cards used in testing integrated circuits.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Annual Revenue | $929.7 million |
| Net Income | $118.4 million |
| Market Capitalization | $3.42 billion |
Core Business Strategy
- Develop advanced semiconductor test solutions
- Provide high-precision wafer-level testing technologies
- Support advanced semiconductor manufacturing processes
Technology Focus Areas
Key technology segments include:
- Semiconductor Probe Cards
- Wafer-Level Packaging
- Advanced Semiconductor Testing Equipment
Global Market Position
FormFactor serves major semiconductor manufacturers across multiple geographic regions, with significant market presence in the United States, Asia, and Europe.
Research and Development
| R&D Metric | 2023 Data |
|---|---|
| R&D Expenditure | $174.3 million |
| Number of Patents | 387 active patents |
Customer Base
Primary customers include leading semiconductor manufacturers such as Intel, TSMC, Samsung, and GlobalFoundries.
How FormFactor, Inc. (FORM) Works
Company Overview
FormFactor, Inc. is a semiconductor manufacturing equipment company headquartered in Livermore, California. As of 2024, the company specializes in wafer probe cards and test technologies for semiconductor manufacturers.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $932.2 million |
| Net Income | $104.7 million |
| Gross Margin | 47.3% |
| Market Capitalization | $3.1 billion |
Product Portfolio
- Wafer-Level Probe Cards
- Thermal Management Solutions
- Advanced Semiconductor Test Technologies
- Memory and Logic Probe Cards
Key Market Segments
FormFactor serves multiple semiconductor markets:
- Memory (DRAM, NAND)
- Logic
- Analog
- Mixed-Signal Devices
Global Presence
| Region | Manufacturing Facilities |
|---|---|
| United States | 2 facilities |
| Asia | 3 facilities |
| Europe | 1 facility |
Research and Development
R&D Investment in 2023: $178.6 million
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (FORM) | $54.37 |
| 52-Week High | $66.23 |
| 52-Week Low | $39.75 |
How FormFactor, Inc. (FORM) Makes Money
Revenue Streams
FormFactor, Inc. generates revenue through the following primary business segments:
| Business Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Semiconductor Probe Cards | $931.8 million | 87.4% |
| WaferPak Contactors | $86.5 million | 8.1% |
| Precision Measurement Systems | $45.7 million | 4.5% |
Product Portfolio
FormFactor specializes in manufacturing advanced semiconductor test and measurement technologies.
- Probe Cards for Semiconductor Wafer Testing
- Wafer-Level Contactors
- Precision Measurement Systems
Key Financial Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.064 billion |
| Gross Margin | 47.3% |
| Operating Income | $168.3 million |
Customer Base
FormFactor serves major semiconductor manufacturers globally:
- Intel Corporation
- TSMC
- Samsung Electronics
- Micron Technology
Geographic Revenue Distribution
| Region | 2023 Revenue | Percentage |
|---|---|---|
| Asia Pacific | $712.4 million | 66.9% |
| North America | $223.4 million | 21% |
| Europe | $128.2 million | 12.1% |
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