B. Riley's Earnings Estimate for FormFactor in FY2024

On January 27, 2025, analysts at B. Riley adjusted their earnings estimates for FormFactor, Inc. (NASDAQ:FORM). They now anticipate that the semiconductor company will achieve earnings per share (EPS) of $0.75 for the fiscal year 2024, a slight increase from their previous estimate of $0.74. This revised figure aligns with the consensus estimate for FormFactor's full-year earnings, which is also set at $0.75 per share. In addition, B. Riley has projected an EPS of $0.27 for FormFactor in the second quarter of 2025.

FormFactor has attracted attention from several financial analysts recently. TD Cowen lowered their price target for FormFactor shares from $60.00 to $44.00, while maintaining a "hold" rating. Conversely, Citigroup upgraded their stance on the stock from "neutral" to "buy" and raised their price target from $44.00 to $51.00. However, Needham & Company LLC changed their rating from "buy" to "hold." Presently, five research analysts have rated FormFactor with a hold rating, and four have assigned a buy rating. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $56.00.

FormFactor Stock Overview

As of the latest data, FormFactor’s stock opened at $38.97. The company has seen its share prices fluctuate between a low of $37.25 and a high of $63.63 over the past year. FormFactor has a market capitalization of $3.02 billion, a price-to-earnings (P/E) ratio of 22.40, and a beta of 1.08. The stock is currently trading below its 50-day simple moving average of $43.04 and its 200-day simple moving average of $44.99. Financial ratios reveal a debt-to-equity ratio of 0.01, along with a current ratio of 4.76 and a quick ratio of 3.94.

Recent Institutional Activity

Recent changes in investment positions by institutional investors have been noteworthy. For instance, the New York State Common Retirement Fund increased its stake in FormFactor by an impressive 876.0% during the third quarter, acquiring 323,387 shares valued at approximately $14.88 million. Additionally, TimesSquare Capital Management LLC raised its holdings by 29.6%, ending the third quarter with 586,700 shares. Allspring Global Investments also boosted their holdings by 91.8% in the fourth quarter. Barclays PLC saw a substantial increase of 351.9% in their shares, and Eagle Asset Management Inc. expanded their stake by 59.3%. Collectively, institutional investors hold approximately 98.76% of FormFactor's stock.

Insider Transactions

In an insider transaction, CEO Mike Slessor sold 4,000 shares of FormFactor on December 2nd at an average price of $40.59, totaling $162,360. Following this sale, Slessor owns 526,531 shares valued at about $21.37 million, reflecting a decrease of 0.75% in their holdings. This transaction was officially documented and can be found through the relevant regulatory filings.

About FormFactor

FormFactor, Inc. specializes in designing, manufacturing, and selling various products such as probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems. Their clientele includes semiconductor companies and scientific institutions, with operations spanning across locations in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and other regions.

Earnings, FormFactor, Estimates