FormFactor, Inc. (NASDAQ:FORM) – Research analysts at B. Riley raised their Q2 2020 EPS estimates for shares of FormFactor in a research note issued to investors on Wednesday, July 8th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings per share of $0.25 for the quarter, up from their prior estimate of $0.18. B. Riley also issued estimates for FormFactor’s Q3 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.27 EPS, FY2020 earnings at $1.03 EPS and Q3 2021 earnings at $0.30 EPS.

FORM has been the topic of a number of other research reports. Craig Hallum downgraded FormFactor from a “buy” rating to a “hold” rating and increased their price target for the company from $25.00 to $29.00 in a research note on Thursday, July 2nd. Needham & Company LLC started coverage on shares of FormFactor in a research report on Thursday, July 2nd. They issued a “hold” rating for the company. BidaskClub upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Stifel Nicolaus upgraded shares of FormFactor to a “positive” rating in a research report on Thursday, July 2nd. Finally, Sidoti upped their price objective on shares of FormFactor from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $29.11.

FORM stock opened at $31.14 on Monday. The business’s fifty day moving average is $28.15 and its 200-day moving average is $24.75. The company has a quick ratio of 2.96, a current ratio of 3.63 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.50 billion, a P/E ratio of 48.66 and a beta of 1.40. FormFactor has a twelve month low of $15.13 and a twelve month high of $33.07.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. The company had revenue of $160.75 million for the quarter, compared to the consensus estimate of $139.93 million. FormFactor had a return on equity of 11.68% and a net margin of 8.05%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 EPS.

Hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of FormFactor by 61.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,723 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 657 shares in the last quarter. Cognios Capital LLC bought a new position in shares of FormFactor in the 1st quarter valued at about $51,000. Meeder Asset Management Inc. bought a new position in shares of FormFactor in the 4th quarter valued at about $55,000. Mutual of America Capital Management LLC grew its holdings in shares of FormFactor by 21.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 3,257 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 573 shares in the last quarter. Finally, First Bank & Trust grew its holdings in shares of FormFactor by 50.8% in the 1st quarter. First Bank & Trust now owns 4,656 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 1,568 shares in the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.

In other FormFactor news, Director Kelley Steven-Waiss sold 4,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.55, for a total transaction of $106,200.00. Following the completion of the transaction, the director now owns 17,900 shares in the company, valued at approximately $475,245. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sheri Rhodes sold 2,010 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $31.90, for a total value of $64,119.00. Following the transaction, the director now owns 2,009 shares of the company’s stock, valued at approximately $64,087.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,121 shares of company stock valued at $1,061,110. Corporate insiders own 1.22% 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.

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Earnings History and Estimates for FormFactor (NASDAQ:FORM)

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