Equities research analysts expect FormFactor, Inc. (NASDAQ:FORM) to report earnings of $0.21 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for FormFactor’s earnings, with estimates ranging from $0.21 to $0.22. FormFactor posted earnings of $0.26 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 19.2%. The firm is expected to issue its next quarterly earnings report on Wednesday, October 30th.
On average, analysts expect that FormFactor will report full year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.86. For the next financial year, analysts anticipate that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.85 to $1.05. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow FormFactor.
FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $134.65 million. FormFactor had a return on equity of 9.73% and a net margin of 19.27%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS.
Several research firms recently weighed in on FORM. Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating and set a $19.00 target price for the company. in a report on Monday, August 5th. Needham & Company LLC assumed coverage on FormFactor in a research report on Monday, June 10th. They issued a “buy” rating and a $19.00 price objective for the company. Stifel Nicolaus lifted their target price on FormFactor from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, BidaskClub upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. FormFactor presently has an average rating of “Hold” and a consensus price target of $18.71.
NASDAQ:FORM traded up $0.73 during mid-day trading on Friday, reaching $18.80. The stock had a trading volume of 331,514 shares, compared to its average volume of 332,722. The stock has a market cap of $1.37 billion, a P/E ratio of 24.42 and a beta of 1.69. The business’s 50 day moving average is $17.06 and its 200 day moving average is $16.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 2.57. FormFactor has a fifty-two week low of $11.38 and a fifty-two week high of $19.90.
In other news, Director Dennis Thomas St sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $17.26, for a total value of $51,780.00. Following the completion of the transaction, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $880,260. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raymond A. Link sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $15.39, for a total value of $76,950.00. Following the completion of the transaction, the director now directly owns 56,602 shares of the company’s stock, valued at $871,104.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,835 shares of company stock worth $1,135,695. 1.88% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc grew its stake in FormFactor by 9.1% during the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the semiconductor company’s stock worth $112,000 after buying an additional 600 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of FormFactor by 0.7% in the 1st quarter. Arizona State Retirement System now owns 114,892 shares of the semiconductor company’s stock worth $1,849,000 after acquiring an additional 776 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of FormFactor by 3.9% in the 1st quarter. Mason Street Advisors LLC now owns 23,919 shares of the semiconductor company’s stock worth $385,000 after acquiring an additional 907 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in shares of FormFactor by 10.7% in the 2nd quarter. Flinton Capital Management LLC now owns 9,568 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 928 shares in the last quarter. Finally, Redmond Asset Management LLC grew its position in FormFactor by 3.3% during the 2nd quarter. Redmond Asset Management LLC now owns 31,478 shares of the semiconductor company’s stock worth $493,000 after acquiring an additional 1,000 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.
FormFactor Company Profile
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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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