Brokerages expect FormFactor, Inc. (NASDAQ:FORM) to announce sales of $140.67 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for FormFactor’s earnings. The highest sales estimate is $141.00 million and the lowest is $140.00 million. FormFactor reported sales of $134.99 million during the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The business is expected to issue its next quarterly earnings results on Wednesday, October 30th.
On average, analysts expect that FormFactor will report full year sales of $550.23 million for the current year, with estimates ranging from $545.20 million to $554.20 million. For the next year, analysts anticipate that the firm will report sales of $591.78 million, with estimates ranging from $575.00 million to $605.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for FormFactor.
FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. The business had revenue of $138.00 million for the quarter, compared to analyst estimates of $134.65 million. FormFactor had a net margin of 19.27% and a return on equity of 9.73%. FormFactor’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS.
A number of brokerages have recently weighed in on FORM. Stifel Nicolaus lifted their price target on shares of FormFactor from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of FormFactor from a “hold” rating to a “sell” rating and set a $19.00 price target for the company. in a report on Monday, August 5th. BidaskClub upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC started coverage on FormFactor in a research note on Monday, June 10th. They set a “buy” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.71.
NASDAQ:FORM traded up $0.73 during trading hours on Friday, hitting $18.80. The stock had a trading volume of 331,514 shares, compared to its average volume of 332,722. FormFactor has a one year low of $11.38 and a one year high of $19.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.57 and a current ratio of 3.38. The company has a market cap of $1.37 billion, a price-to-earnings 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.
In related news, Director Dennis Thomas St sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $17.26, for a total value of $51,780.00. Following the sale, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $880,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mike Slessor sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $17.03, for a total transaction of $425,750.00. Following the completion of the sale, the chief executive officer now directly owns 376,599 shares in the company, valued at $6,413,480.97. The disclosure for this sale can be found here. Insiders sold a total of 65,835 shares of company stock valued at $1,135,695 over the last quarter. 1.88% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in FORM. Dimensional Fund Advisors LP boosted its position in FormFactor by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,416,256 shares of the semiconductor company’s stock worth $76,315,000 after acquiring an additional 128,782 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in FormFactor by 296.7% in the first quarter. BNP Paribas Arbitrage SA now owns 17,072 shares of the semiconductor company’s stock valued at $275,000 after acquiring an additional 12,768 shares during the last quarter. Arizona State Retirement System grew its position 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 valued at $1,849,000 after acquiring an additional 776 shares during the period. SG Americas Securities LLC grew its position in shares of FormFactor by 157.8% in the 1st quarter. SG Americas Securities LLC now owns 29,367 shares of the semiconductor company’s stock valued at $473,000 after acquiring an additional 17,976 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of FormFactor by 44.4% in the 1st quarter. Janus Henderson Group PLC now owns 26,377 shares of the semiconductor company’s stock valued at $424,000 after acquiring an additional 8,114 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.
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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