Wall Street analysts expect FormFactor, Inc. (NASDAQ:FORM) to report earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for FormFactor’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.22. FormFactor reported earnings of $0.26 per share in the same quarter last year, which suggests a negative year over year growth rate of 19.2%. The business is expected to issue its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that FormFactor will report full-year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.86. For the next financial year, analysts forecast that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.85 to $1.05. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for FormFactor.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.07. The company had revenue of $138.00 million during the quarter, compared to analyst estimates of $134.65 million. FormFactor had a return on equity of 9.73% and a net margin of 19.27%. FormFactor’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share.

A number of research firms recently issued reports on FORM. Zacks Investment Research downgraded shares of FormFactor from a “hold” rating to a “sell” rating and set a $19.00 price objective on the stock. in a report on Monday, August 5th. Stifel Nicolaus upped their target price on shares of FormFactor from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, August 1st. 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 assumed coverage on shares of FormFactor in a research note on Monday, June 10th. They set a “buy” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. FormFactor currently has a consensus rating of “Hold” and an average price target of $18.71.

In other FormFactor news, CEO Mike Slessor sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 376,599 shares in the company, valued at approximately $6,413,480.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dennis Thomas St sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $17.26, for a total transaction of $51,780.00. Following the sale, the director now owns 51,000 shares in the company, valued at $880,260. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,835 shares of company stock worth $1,135,695. Insiders own 1.88% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in FormFactor by 343.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,298 shares of the semiconductor company’s stock worth $51,000 after buying an additional 2,555 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of FormFactor in the second quarter worth $58,000. NumerixS Investment Technologies Inc lifted its stake in FormFactor by 9.1% in the 1st quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 600 shares in the last quarter. First Quadrant L P CA bought a new position in shares of FormFactor during the 2nd quarter valued at about $134,000. Finally, Flinton Capital Management LLC boosted its stake in FormFactor by 10.7% during the second quarter. Flinton Capital Management LLC now owns 9,568 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 928 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Shares of NASDAQ FORM traded up $0.73 during midday trading on Friday, hitting $18.80. 331,514 shares of the company’s stock traded hands, compared to its average volume of 332,722. The firm has a fifty day moving average of $17.06 and a 200 day moving average of $16.33. FormFactor has a 1 year low of $11.38 and a 1 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 stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 24.42 and a beta of 1.69.

About FormFactor

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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