B. Riley Analysts Increase Earnings Estimates for FormFactor

FormFactor, Inc. (NASDAQ:FORM - Free Report) - B. Riley boosted their FY2024 earnings estimates for shares of FormFactor in a report released 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.

Several other equities analysts also recently issued reports on FORM. Needham & Company LLC downgraded shares of FormFactor from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Finally, TD Cowen decreased their price target on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $56.00.

FormFactor Price Performance

Shares of NASDAQ FORM traded down $0.36 during midday trading on Tuesday, reaching $37.90. 690,746 shares of the company traded hands, compared to its average volume of 763,103. The stock's 50-day simple moving average is $43.05 and its 200-day simple moving average is $45.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.76. FormFactor has a 12 month low of $37.25 and a 12 month high of $63.63. The firm has a market cap of $2.94 billion, a PE ratio of 21.78 and a beta of 1.08.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 309 shares during the last quarter. Quarry LP boosted its holdings in FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 523 shares during the last quarter. CWM LLC grew its position in FormFactor by 57.3% in the third quarter. CWM LLC now owns 2,867 shares of the semiconductor company's stock valued at $132,000 after purchasing an additional 1,044 shares in the last quarter. GAMMA Investing LLC grew its position in FormFactor by 49.6% in the third quarter. GAMMA Investing LLC now owns 3,389 shares of the semiconductor company's stock valued at $156,000 after purchasing an additional 1,123 shares in the last quarter. Finally, US Bancorp DE increased its stake in FormFactor by 55.9% in the 3rd quarter. US Bancorp DE now owns 3,401 shares of the semiconductor company's stock valued at $156,000 after buying an additional 1,219 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 transaction of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares of the company's stock, valued at $23,221,277.64. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by insiders.

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.