Analysts forecast that FormFactor, Inc. (NASDAQ:FORM) will report $0.27 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for FormFactor’s earnings. FormFactor posted earnings per share of $0.20 in the same quarter last year, which indicates a positive year over year growth rate of 35%. The firm is expected to report its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that FormFactor will report full-year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.24 to $1.25. For the next fiscal year, analysts anticipate that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.32 to $1.42. Zacks’ earnings per share averages are an average based on a survey of research firms that follow FormFactor.
FormFactor (NASDAQ:FORM) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. The business had revenue of $143.74 million for the quarter, compared to analyst estimates of $140.83 million. FormFactor had a return on equity of 16.80% and a net margin of 3.68%. FormFactor’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS.
Several research analysts have weighed in on the company. B. Riley boosted their price target on FormFactor from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Citigroup boosted their price target on FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of FormFactor in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.63.
In other news, Director Richard Delateur sold 15,000 shares of FormFactor stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $442,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael M. Ludwig sold 16,845 shares of FormFactor stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $17.50, for a total value of $294,787.50. Following the transaction, the chief financial officer now owns 241,132 shares of the company’s stock, valued at $4,219,810. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of FORM. Paradigm Capital Management Inc. NY bought a new position in shares of FormFactor during the 3rd quarter worth approximately $11,148,000. Teachers Advisors LLC boosted its stake in shares of FormFactor by 449.9% during the 2nd quarter. Teachers Advisors LLC now owns 645,559 shares of the semiconductor company’s stock worth $8,005,000 after acquiring an additional 528,164 shares during the period. EAM Investors LLC bought a new position in shares of FormFactor during the 2nd quarter worth approximately $3,750,000. American Century Companies Inc. bought a new position in shares of FormFactor during the 3rd quarter worth approximately $4,706,000. Finally, Vanguard Group Inc. boosted its stake in shares of FormFactor by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after acquiring an additional 253,323 shares during the period. Institutional investors own 84.56% of the company’s stock.
FormFactor (NASDAQ FORM) opened at $16.65 on Wednesday. The firm has a market capitalization of $1,210.00, a P/E ratio of 64.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. FormFactor has a 1 year low of $10.45 and a 1 year high of $18.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16.
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FormFactor Company Profile
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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