B. Riley Has Negative Forecast for FormFactor Q3 Earnings

FormFactor, Inc. (NASDAQ:FORM - Free Report) - Investment analysts at B. Riley lowered their Q3 2025 earnings per share estimates for shares of FormFactor in a research report issued to clients and investors on Wednesday, April 30th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.26. B. Riley currently has a "Neutral" rating and a $32.00 price target on the stock. The consensus estimate for FormFactor's current full-year earnings is $0.90 per share. B. Riley also issued estimates for FormFactor's Q4 2025 earnings at $0.31 EPS and Q1 2026 earnings at $0.24 EPS.

FormFactor (NASDAQ:FORM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. FormFactor had a return on equity of 5.93% and a net margin of 9.12%. The company had revenue of $171.36 million during the quarter, compared to analysts' expectations of $170.03 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. Citigroup raised FormFactor from a "neutral" rating to a "buy" rating and boosted their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Evercore ISI lowered their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus cut their price objective on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Finally, DA Davidson decreased their price target on FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, FormFactor presently has a consensus rating of "Hold" and an average price target of $42.71.

FormFactor Stock Performance

FormFactor stock traded down $0.39 during trading hours on Monday, hitting $29.42. The stock had a trading volume of 523,113 shares, compared to its average volume of 771,402. The company has a market cap of $2.27 billion, a PE ratio of 33.06 and a beta of 1.14. The company has a 50-day moving average of $29.00 and a two-hundred day moving average of $37.01. FormFactor has a fifty-two week low of $22.58 and a fifty-two week high of $63.63. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On FormFactor

Institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers acquired a new position in shares of FormFactor in the 1st quarter valued at about $227,000. Avantax Advisory Services Inc. grew its holdings in shares of FormFactor by 9.2% during the first quarter. Avantax Advisory Services Inc. now owns 29,939 shares of the semiconductor company's stock valued at $847,000 after buying an additional 2,511 shares during the last quarter. Royce & Associates LP increased its holdings in FormFactor by 6.4% during the 1st quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company's stock worth $52,904,000 after purchasing an additional 112,970 shares in the last quarter. Madison Asset Management LLC raised its position in FormFactor by 41.1% in the 1st quarter. Madison Asset Management LLC now owns 148,979 shares of the semiconductor company's stock valued at $4,215,000 after buying an additional 43,373 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in FormFactor by 2.8% in the 1st quarter. Victory Capital Management Inc. now owns 21,643 shares of the semiconductor company's stock valued at $612,000 after buying an additional 599 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $28.24, for a total value of $112,960.00. Following the completion of the transaction, the chief executive officer now directly owns 514,650 shares in the company, valued at approximately $14,533,716. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by company insiders.

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.