FY2018 EPS Estimates for FormFactor, Inc. Cut by Analyst (FORM)

FormFactor, Inc. (NASDAQ:FORM) – Investment analysts at DA Davidson decreased their FY2018 earnings per share estimates for shares of FormFactor in a research note issued to investors on Tuesday, October 30th. DA Davidson analyst T. Diffely now expects that the semiconductor company will earn $0.73 per share for the year, down from their prior estimate of $0.79. DA Davidson also issued estimates for FormFactor’s FY2019 earnings at $0.99 EPS.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Wednesday, October 31st. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $135.00 million for the quarter, compared to the consensus estimate of $133.13 million. FormFactor had a net margin of 5.55% and a return on equity of 12.77%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS.

FORM has been the topic of several other reports. B. Riley dropped their price objective on shares of FormFactor from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, July 30th. BidaskClub raised shares of FormFactor from a “sell” rating to a “hold” rating in a report on Friday, October 19th. ValuEngine raised shares of FormFactor from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Zacks Investment Research raised shares of FormFactor from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, TheStreet raised shares of FormFactor from a “c+” rating to a “b” rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.38.

FORM stock opened at $12.24 on Thursday. The firm has a market capitalization of $890.04 million, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. The company has a current ratio of 2.94, a quick ratio of 2.25 and a debt-to-equity ratio of 0.11. FormFactor has a 12 month low of $11.10 and a 12 month high of $18.65.

In related news, Director Michael W. Zellner sold 11,000 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $13.49, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Delateur sold 6,000 shares of the 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 sale, the director now directly owns 13,000 shares in the company, valued at $182,910. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in FormFactor by 602.1% during the first quarter. JPMorgan Chase & Co. now owns 167,091 shares of the semiconductor company’s stock worth $2,281,000 after acquiring an additional 143,291 shares during the period. Principal Financial Group Inc. raised its position in FormFactor by 1,172.4% during the first quarter. Principal Financial Group Inc. now owns 600,047 shares of the semiconductor company’s stock worth $8,191,000 after acquiring an additional 552,888 shares during the period. Guggenheim Capital LLC acquired a new position in FormFactor during the first quarter worth $2,776,000. Legal & General Group Plc raised its position in FormFactor by 637.0% during the first quarter. Legal & General Group Plc now owns 135,072 shares of the semiconductor company’s stock worth $1,834,000 after acquiring an additional 116,745 shares during the period. Finally, Xact Kapitalforvaltning AB acquired a new position in FormFactor during the first quarter worth $171,000. 93.42% of the stock is currently 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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Earnings History and Estimates for FormFactor (NASDAQ:FORM)

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