B. Riley Has Positive Outlook of FormFactor FY2024 Earnings

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at B. Riley raised their FY2024 earnings per share (EPS) estimates for FormFactor in a research note issued to investors on Monday, January 27th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $0.75 per share for the year, up from their previous forecast of $0.74. The consensus estimate for FormFactor’s current full-year earnings is $0.75 per share. B. Riley also issued estimates for FormFactor’s Q2 2025 earnings at $0.27 EPS.

Several other brokerages have also recently issued reports on FORM. TD Cowen lowered their target price on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Needham & Company LLC downgraded shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.00.

FormFactor Stock Performance

Shares of FORM opened at $37.90 on Tuesday. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. FormFactor has a 52-week low of $37.25 and a 52-week high of $63.63. The stock has a 50 day moving average price of $43.05 and a 200 day moving average price of $45.03. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.78 and a beta of 1.08.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Xponance Inc. increased its position in FormFactor by 5.1% during the 2nd quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 241 shares during the period. Advisors Asset Management Inc. lifted its holdings in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 309 shares during the period. Glenmede Trust Co. NA grew its stake in shares of FormFactor by 7.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,995 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 415 shares during the period. Quarry LP lifted its stake in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 523 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in FormFactor by 9.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,898 shares of the semiconductor company’s stock worth $317,000 after buying an additional 573 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total transaction of $162,360.00. Following the completion of the transaction, the chief executive officer now owns 526,531 shares in the company, valued at approximately $21,371,893.29. This represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.96% of the company’s stock.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.