What is B. Riley’s Forecast for FormFactor FY2024 Earnings?

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at B. Riley lifted their FY2024 earnings estimates for FormFactor in a research report issued to clients and 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.

FORM has been the topic of several other research reports. TD Cowen cut their target price on FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC cut FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $56.00.

FormFactor Stock Performance

Shares of FORM opened at $38.97 on Tuesday. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $43.04 and its two-hundred day simple moving average is $44.99. FormFactor has a 12 month low of $37.25 and a 12 month high of $63.63. The stock has a market capitalization of $3.02 billion, a P/E ratio of 22.40 and a beta of 1.08.

Institutional Investors Weigh In On FormFactor

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its stake in shares of FormFactor by 91.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company’s stock worth $11,396,000 after acquiring an additional 123,333 shares during the period. Jennison Associates LLC raised its position in shares of FormFactor by 41.9% in the fourth quarter. Jennison Associates LLC now owns 24,159 shares of the semiconductor company’s stock valued at $1,063,000 after purchasing an additional 7,134 shares during the period. KBC Group NV lifted its stake in shares of FormFactor by 90.0% during the 4th quarter. KBC Group NV now owns 3,625 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 1,717 shares in the last quarter. Blue Trust Inc. boosted its holdings in FormFactor by 10.2% in the 4th quarter. Blue Trust Inc. now owns 6,685 shares of the semiconductor company’s stock worth $307,000 after buying an additional 617 shares during the period. Finally, Mirador Capital Partners LP grew its stake in FormFactor by 0.7% in the 4th quarter. Mirador Capital Partners LP now owns 110,776 shares of the semiconductor company’s stock valued at $4,874,000 after buying an additional 739 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the transaction, the chief executive officer now directly owns 522,531 shares of the company’s stock, valued at $23,221,277.64. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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.