FY2024 Earnings Forecast for FormFactor Issued By B. Riley

FormFactor, Inc. (NASDAQ:FORM) – Equities research analysts at B. Riley boosted their FY2024 EPS estimates for FormFactor in a research note issued on Monday, January 27th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $0.75 for the year, up from their prior estimate 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 equities research analysts have also commented on the company. Needham & Company LLC lowered FormFactor from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. TD Cowen decreased 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. Finally, Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $51.00 in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.00.

FormFactor Price Performance

Shares of NASDAQ FORM opened at $38.26 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. The firm’s 50-day simple moving average is $43.05 and its 200 day simple moving average is $45.19. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 21.99 and a beta of 1.08. FormFactor has a fifty-two week low of $37.25 and a fifty-two week high of $63.63.

Insider Buying and Selling

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction dated 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 owns 522,531 shares in the company, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by insiders.

Institutional Trading of FormFactor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC purchased a new position in FormFactor during the second quarter worth about $204,000. Bank of Montreal Can boosted its stake in FormFactor by 645.5% in the second quarter. Bank of Montreal Can now owns 68,989 shares of the semiconductor company’s stock worth $4,210,000 after buying an additional 59,735 shares in the last quarter. Xponance Inc. boosted its stake in FormFactor by 5.1% in the second quarter. Xponance Inc. now owns 4,925 shares of the semiconductor company’s stock worth $298,000 after buying an additional 241 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of FormFactor by 1,338.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 36,606 shares of the semiconductor company’s stock valued at $2,216,000 after purchasing an additional 34,061 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of FormFactor by 1,385.4% during the 2nd quarter. Squarepoint Ops LLC now owns 82,395 shares of the semiconductor company’s stock valued at $4,987,000 after purchasing an additional 76,848 shares during the last quarter. Institutional investors own 98.76% 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.