FormFactor, Inc. (NASDAQ:FORM) – Investment analysts at B. Riley increased their Q4 2018 earnings estimates for shares of FormFactor in a research report issued to clients and investors on Thursday, November 1st. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings of $0.21 per share for the quarter, up from their previous estimate 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 earnings results on Wednesday, October 31st. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $133.13 million. During the same period in the prior year, the firm posted $0.34 EPS. FormFactor’s quarterly revenue was down 6.1% compared to the same quarter last year.
A number of other equities analysts have also recently issued reports on FORM. BidaskClub raised FormFactor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 11th. TheStreet raised FormFactor from a “c+” rating to a “b” rating in a report on Thursday, August 2nd. Zacks Investment Research raised FormFactor from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, ValuEngine cut FormFactor from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. FormFactor presently has a consensus rating of “Hold” and a consensus price target of $17.38.
Shares of FORM opened at $14.95 on Monday. FormFactor has a 1 year low of $11.10 and a 1 year 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 P/E/G ratio of 1.91 and a beta of 1.59.
In related news, Director Richard Delateur sold 6,000 shares of the firm’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 sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $182,910. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael W. Zellner sold 11,000 shares of the firm’s stock in a transaction 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 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.
A number of hedge funds have recently added to or reduced their stakes in FORM. JPMorgan Chase & Co. increased its holdings in FormFactor by 602.1% during the 1st quarter. JPMorgan Chase & Co. now owns 167,091 shares of the semiconductor company’s stock valued at $2,281,000 after purchasing an additional 143,291 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in FormFactor during the 1st quarter valued at $2,776,000. Legal & General Group Plc increased its holdings in FormFactor by 637.0% during the 1st quarter. Legal & General Group Plc now owns 135,072 shares of the semiconductor company’s stock valued at $1,834,000 after purchasing an additional 116,745 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in FormFactor during the 1st quarter valued at $171,000. Finally, Principal Financial Group Inc. increased its holdings in FormFactor by 1,172.4% during the 1st quarter. Principal Financial Group Inc. now owns 600,047 shares of the semiconductor company’s stock valued at $8,191,000 after purchasing an additional 552,888 shares in the last quarter. 93.37% 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, 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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