FormFactor (NASDAQ:FORM) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03, Briefing.com reports. FormFactor had a return on equity of 12.77% and a net margin of 5.55%. The firm had revenue of $135.00 million during the quarter, compared to analysts’ expectations of $133.13 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. FormFactor updated its Q4 2018 guidance to $0.23-0.29 EPS and its Q4 guidance to $0.23-0.29 EPS.
Shares of FORM traded up $0.51 during mid-day trading on Friday, reaching $16.55. The company’s stock had a trading volume of 17,733 shares, compared to its average volume of 364,306. FormFactor has a 1-year low of $11.10 and a 1-year high of $18.65. The stock has a market cap of $890.04 million, a price-to-earnings ratio of 16.82, a PEG ratio of 1.38 and a beta of 1.33. The company has a quick ratio of 2.25, a current ratio of 2.94 and a debt-to-equity ratio of 0.11.
Several research analysts recently commented on FORM shares. TheStreet raised FormFactor from a “c+” rating to a “b” rating in a research report on Thursday, August 2nd. ValuEngine raised FormFactor from a “hold” rating to a “buy” rating in a research report on Thursday. B. Riley reduced their price target on FormFactor from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 30th. BidaskClub cut FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 6th. Finally, Zacks Investment Research raised FormFactor from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. FormFactor currently has an average rating of “Buy” and an average price target of $17.38.
In other news, Director Richard Delateur sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $14.07, for a total value of $84,420.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at $182,910. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael W. Zellner sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $13.49, for a total value of $148,390.00. Following the completion of the sale, the director now directly owns 41,875 shares of the company’s stock, valued at $564,893.75. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
FormFactor Company Profile
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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