Brokerages predict that FormFactor, Inc. (NASDAQ:FORM) will announce sales of $129.98 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for FormFactor’s earnings, with the lowest sales estimate coming in at $129.50 million and the highest estimate coming in at $130.40 million. FormFactor reported sales of $123.89 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 7th.

On average, analysts expect that FormFactor will report full-year sales of $129.98 million for the current fiscal year, with estimates ranging from $546.00 million to $546.94 million. For the next fiscal year, analysts anticipate that the business will report sales of $568.47 million per share, with estimates ranging from $562.60 million to $575.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow FormFactor.

Several research firms have recently commented on FORM. B. Riley reissued a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of FormFactor in a report on Thursday, November 2nd. Citigroup raised their price target on FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of FormFactor in a report on Friday, October 27th. Finally, Zacks Investment Research cut FormFactor from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.06.

Shares of FormFactor (NASDAQ:FORM) opened at $13.85 on Monday. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1,010.83, a P/E ratio of 14.13, a PEG ratio of 0.77 and a beta of 1.27. FormFactor has a 1-year low of $10.45 and a 1-year high of $18.65.

In related news, CFO Michael M. Ludwig sold 16,845 shares of FormFactor stock in a transaction on Monday, November 13th. The stock was sold at an average price of $17.50, for a total transaction of $294,787.50. Following the completion of the transaction, the chief financial officer now directly owns 241,132 shares of the company’s stock, valued at $4,219,810. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard Delateur sold 15,000 shares of FormFactor stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total value of $265,350.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $442,250. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in FormFactor by 61.3% during the fourth quarter. American Century Companies Inc. now owns 450,415 shares of the semiconductor company’s stock worth $7,049,000 after purchasing an additional 171,104 shares during the last quarter. Opus Capital Group LLC acquired a new position in FormFactor during the fourth quarter worth $2,595,000. Redmond Asset Management LLC acquired a new position in FormFactor during the fourth quarter worth $466,000. Monarch Partners Asset Management LLC raised its holdings in FormFactor by 36.2% during the fourth quarter. Monarch Partners Asset Management LLC now owns 340,450 shares of the semiconductor company’s stock worth $5,328,000 after purchasing an additional 90,569 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in FormFactor during the fourth quarter worth $252,000. 83.20% of the stock is owned by hedge funds and other institutional investors.

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About FormFactor

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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