FormFactor, Inc. (NASDAQ:FORM) – Investment analysts at B. Riley raised their Q4 2018 earnings per share estimates for shares of FormFactor in a research report issued to clients and investors on Thursday, November 1st. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings per share of $0.21 for the quarter, up from their previous forecast of $0.18. B. Riley currently has a “Buy” rating and a $18.00 target price on the stock. B. Riley also issued estimates for FormFactor’s Q1 2019 earnings at $0.22 EPS.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings results on Wednesday, October 31st. The semiconductor company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. FormFactor had a return on equity of 11.42% and a net margin of 4.71%. The business had revenue of $135.00 million during the quarter, compared to the consensus estimate of $133.13 million. During the same period in the previous year, the business earned $0.34 EPS. The business’s quarterly revenue was down 6.1% on a year-over-year basis.
A number of other research analysts also recently commented on the company. BidaskClub upgraded FormFactor from a “sell” rating to a “hold” rating in a research note on Friday, October 19th. ValuEngine upgraded FormFactor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Zacks Investment Research upgraded FormFactor from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, TheStreet upgraded FormFactor from a “c+” rating to a “b” rating in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.38.
Shares of NASDAQ FORM opened at $14.95 on Monday. FormFactor has a twelve month low of $11.10 and a twelve month high of $17.95. The company has a quick ratio of 2.35, a current ratio of 3.13 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.21 billion, a PE ratio of 14.95, a PEG ratio of 1.91 and a beta of 1.59.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in FormFactor by 9.3% during the 2nd quarter. BlackRock Inc. now owns 10,191,123 shares of the semiconductor company’s stock worth $135,540,000 after buying an additional 868,212 shares during the last quarter. United Services Automobile Association boosted its position in FormFactor by 2,683.8% during the 2nd quarter. United Services Automobile Association now owns 378,122 shares of the semiconductor company’s stock worth $5,029,000 after acquiring an additional 364,539 shares during the period. Royce & Associates LP boosted its position in FormFactor by 25.5% during the 2nd quarter. Royce & Associates LP now owns 1,351,918 shares of the semiconductor company’s stock worth $17,981,000 after acquiring an additional 274,688 shares during the period. IndexIQ Advisors LLC boosted its position in FormFactor by 11.5% during the 2nd quarter. IndexIQ Advisors LLC now owns 160,249 shares of the semiconductor company’s stock worth $2,131,000 after acquiring an additional 16,534 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in FormFactor by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,096,551 shares of the semiconductor company’s stock worth $14,583,000 after acquiring an additional 35,829 shares during the period. Hedge funds and other institutional investors own 93.37% of the company’s stock.
In related news, Director Richard Delateur sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $14.07, for a total transaction of $84,420.00. Following the completion of the transaction, the director now directly owns 13,000 shares in the company, valued at approximately $182,910. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael W. Zellner sold 11,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $13.49, for a total value of $148,390.00. Following the transaction, the director now owns 41,875 shares of the company’s stock, valued at $564,893.75. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
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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