FormFactor (NASDAQ:FORM) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect FormFactor to post earnings of $0.14 per share for the quarter. FormFactor has set its Q2 guidance at $0.15-0.21 EPS.
FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. FormFactor had a return on equity of 11.06% and a net margin of 19.76%. The business had revenue of $132.21 million during the quarter, compared to analysts’ expectations of $130.37 million. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts expect FormFactor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
FormFactor stock opened at $16.50 on Tuesday. The firm has a 50-day simple moving average of $15.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.36 and a quick ratio of 2.54. FormFactor has a 12-month low of $11.38 and a 12-month high of $19.27. The company has a market capitalization of $1.23 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.74.
A number of research analysts recently issued reports on the company. BidaskClub cut Zai Lab from a “strong-buy” rating to a “buy” rating in a report on Friday. Needham & Company LLC started coverage on FormFactor in a report on Monday, June 10th. They set a “buy” rating and a $19.00 price objective for the company. Northland Securities reissued a “buy” rating and set a $280.00 price objective on shares of ServiceNow in a report on Thursday, May 2nd. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, DA Davidson boosted their price objective on FormFactor to $21.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. FormFactor currently has a consensus rating of “Hold” and an average target price of $18.17.
In other news, Director Raymond A. Link sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $15.39, for a total transaction of $76,950.00. Following the completion of the transaction, the director now directly owns 56,602 shares in the company, valued at approximately $871,104.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raymond A. Link sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $15.58, for a total value of $62,320.00. Following the transaction, the director now owns 49,602 shares of the company’s stock, valued at $772,799.16. The disclosure for this sale can be found here. Insiders have sold a total of 10,200 shares of company stock valued at $158,074 over the last three months. Company insiders own 1.88% of the company’s stock.
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.
Further Reading: Rule of 72
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