Equities analysts expect FormFactor, Inc. (NASDAQ:FORM) to report $0.24 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for FormFactor’s earnings. FormFactor reported earnings of $0.40 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 40%. The firm is expected to issue its next earnings results on Wednesday, August 1st.
On average, analysts expect that FormFactor will report full-year earnings of $1.07 per share for the current year, with EPS estimates ranging from $0.96 to $1.19. For the next fiscal year, analysts anticipate that the company will report earnings of $1.36 per share, with EPS estimates ranging from $1.15 to $1.61. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow FormFactor.
FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $118.29 million for the quarter, compared to the consensus estimate of $116.08 million. FormFactor had a return on equity of 15.19% and a net margin of 7.04%. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS.
FORM has been the topic of several analyst reports. BidaskClub downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Needham & Company LLC lowered FormFactor from a “strong-buy” rating to a “buy” rating and cut their price objective for the stock from $20.00 to $17.00 in a report on Friday, April 27th. TheStreet lowered FormFactor from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th. Zacks Investment Research upgraded FormFactor from a “strong sell” rating to a “hold” rating in a report on Monday, April 2nd. Finally, ValuEngine upgraded FormFactor from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.92.
In other FormFactor news, Director Michael W. Zellner sold 15,400 shares of the stock in a transaction on Friday, May 11th. The shares were sold at an average price of $13.09, for a total transaction of $201,586.00. Following the transaction, the director now directly owns 43,875 shares of the company’s stock, valued at $574,323.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Raymond A. Link sold 4,500 shares of the stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $13.35, for a total transaction of $60,075.00. Following the transaction, the director now directly owns 45,102 shares in the company, valued at $602,111.70. The disclosure for this sale can be found here. Insiders have sold 27,900 shares of company stock worth $367,421 over the last three months. Company insiders own 1.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Swiss National Bank grew its position in FormFactor by 4.7% during the 4th quarter. Swiss National Bank now owns 123,500 shares of the semiconductor company’s stock valued at $1,933,000 after purchasing an additional 5,600 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of FormFactor by 3.8% in the 4th quarter. Macquarie Group Ltd. now owns 190,393 shares of the semiconductor company’s stock worth $2,980,000 after purchasing an additional 6,919 shares during the period. Northern Trust Corp lifted its stake in shares of FormFactor by 0.7% in the 1st quarter. Northern Trust Corp now owns 1,101,564 shares of the semiconductor company’s stock worth $15,037,000 after purchasing an additional 7,144 shares during the period. SG Americas Securities LLC bought a new position in shares of FormFactor in the 1st quarter worth approximately $113,000. Finally, Meadow Creek Investment Management LLC bought a new position in shares of FormFactor in the 1st quarter worth approximately $117,000. 91.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FormFactor traded down $0.55, hitting $13.30, during midday trading on Wednesday, Marketbeat.com reports. The company had a trading volume of 418,250 shares, compared to its average volume of 871,824. FormFactor has a 52-week low of $11.10 and a 52-week high of $18.65. The company has a market capitalization of $982.28 million, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. The company has a current ratio of 3.23, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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