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

FormFactor, Inc. (NASDAQ:FORM) – Analysts at B. Riley upped their FY2024 earnings per share estimates for FormFactor in a note issued to investors on Monday, January 27th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings per share of $0.75 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 subject of a number of other reports. TD Cowen dropped their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Finally, Needham & Company LLC lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.00.

FormFactor Stock Performance

FORM opened at $38.97 on Tuesday. FormFactor has a 1-year low of $37.25 and a 1-year high of $63.63. The stock has a market cap of $3.02 billion, a P/E ratio of 22.40 and a beta of 1.08. The stock’s 50 day simple moving average is $43.04 and its 200 day simple moving average is $44.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FORM. New York State Common Retirement Fund lifted its holdings in shares of FormFactor by 876.0% during the third quarter. New York State Common Retirement Fund now owns 323,387 shares of the semiconductor company’s stock worth $14,876,000 after buying an additional 290,254 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in FormFactor by 29.6% in the 3rd quarter. TimesSquare Capital Management LLC now owns 586,700 shares of the semiconductor company’s stock worth $26,988,000 after purchasing an additional 134,170 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in FormFactor by 91.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company’s stock valued at $11,396,000 after purchasing an additional 123,333 shares during the period. Barclays PLC grew its position in shares of FormFactor by 351.9% during the 3rd quarter. Barclays PLC now owns 145,492 shares of the semiconductor company’s stock worth $6,692,000 after purchasing an additional 113,296 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of FormFactor by 59.3% during the third quarter. Eagle Asset Management Inc. now owns 302,363 shares of the semiconductor company’s stock worth $12,729,000 after purchasing an additional 112,537 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insider Transactions at FormFactor

In related 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 value of $162,360.00. Following the completion of the transaction, the chief executive officer now directly owns 526,531 shares of the company’s stock, valued at approximately $21,371,893.29. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

About FormFactor

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.