B. Riley Has Bullish Estimate for FormFactor FY2024 Earnings

FormFactor, Inc. (NASDAQ:FORM) – B. Riley lifted their FY2024 earnings estimates for FormFactor in a research note issued on Monday, January 27th. B. Riley analyst C. Ellis now expects 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.

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

FormFactor Price Performance

Shares of FORM stock opened at $38.26 on Tuesday. The business has a fifty day simple moving average of $43.05 and a 200 day simple moving average of $45.19. FormFactor has a twelve month low of $37.25 and a twelve month high of $63.63. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.96 billion, a P/E ratio of 21.99 and a beta of 1.08.

Institutional Investors Weigh In On FormFactor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its stake 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 buying an additional 309 shares during the period. Quarry LP increased its stake in shares of FormFactor by 131.7% in the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 523 shares in the last quarter. CWM LLC lifted its position in shares of FormFactor by 57.3% during the 3rd quarter. CWM LLC now owns 2,867 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 1,044 shares during the period. GAMMA Investing LLC boosted its stake in FormFactor by 49.6% during the third quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 1,123 shares in the last quarter. Finally, US Bancorp DE grew its holdings in FormFactor by 55.9% in the third quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 1,219 shares during the period. Institutional investors own 98.76% of the company’s stock.

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 Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total transaction of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares of the company’s stock, valued at approximately $23,221,277.64. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.