FormFactor (FORM) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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.

Further Reading: What are the most popular ETFs

Earnings History for FormFactor (NASDAQ:FORM)

Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply