B. Riley Upgrades Earnings Forecast for FormFactor

On January 27, 2025, analysts at B. Riley published a report upgrading their earnings per share (EPS) estimates for FormFactor, Inc. (NASDAQ: FORM). The updated forecast predicts that the semiconductor company will earn $0.32 per share in the third quarter of 2025, a slight increase from the previous estimate of $0.31 per share.

Additionally, B. Riley analysts provided specific predictions for the upcoming quarters. They estimate FormFactor's earnings for the fourth quarter of 2025 to be $0.35 per share, contributing to an expected total of $1.15 for the entire fiscal year.

The current consensus estimate for FormFactor's earnings for the full year stands at $0.75 per share.

Recent Analysts' Ratings

FormFactor has recently garnered attention from various research firms. Citigroup upgraded their rating from "neutral" to "buy," raising the stock's price target from $44.00 to $51.00 in a research report released on January 6, 2025. Conversely, TD Cowen lowered their price target from $60.00 to $44.00, maintaining a "hold" rating as of October 31, 2024. Another downgrade came from Needham & Company LLC, which shifted their stance from "buy" to "hold" on January 13, 2025. Overall, five investment analysts currently recommend holding the stock, while four have issued a buy rating, resulting in a consensus rating of "Hold" and an average target price of $56.00, according to data from MarketBeat.com.

Current Stock Performance

As of Wednesday, FormFactor's stock opened at $39.83. The company holds a market capitalization of $3.08 billion and has a price-to-earnings (P/E) ratio of 22.89. Performance indicators reveal a fifty-day simple moving average of $43.02 and a 200-day simple moving average of $44.95. FormFactor has shown a remarkable trading range over the past year, with a low of $37.25 and a high of $63.63.

Insider Transactions

On January 2, 2025, CEO Mike Slessor sold 4,000 shares of the company at an average price of $44.44, totaling approximately $177,760. This transaction decreased his stake in FormFactor to about 522,531 shares, valued at roughly $23.2 million. The recent sale and current ownership levels have been detailed in SEC filings, showing that corporate insiders own about 0.96% of the stock.

Institutional Investors' Activities

Institutional interest in FormFactor has been strong lately. Vanguard Personalized Indexing Management LLC established a new position worth around $204,000. Bank of Montreal Can dramatically expanded their holdings by 645.5%, now owning 68,989 shares valued at $4.21 million after acquiring an additional 59,735 shares. Other firms also increased their stakes, including Xponance Inc., Cubist Systematic Strategies, and Squarepoint Ops, all bolstering their investments in the semiconductor company. Currently, institutional investors control approximately 98.76% of FormFactor's shares.

About FormFactor, Inc.

FormFactor, Inc. specializes in designing, manufacturing, and selling various tools and systems for semiconductor companies and scientific institutions. Their offerings include probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems, catering to clients in multiple regions, including the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, and Singapore.

Concluding Notes

The positive outlook from B. Riley, along with the recent adjustments from various analysts, signals potential growth for FormFactor in the semiconductor market. Investors and analysts alike will be watching closely as the company's earnings approach.

FormFactor, earnings, analyst, semiconductor, investment