Analysts Anticipate FormFactor, Inc. (FORM) Will Post Quarterly Sales of $134.50 Million

Equities analysts expect that FormFactor, Inc. (NASDAQ:FORM) will announce $134.50 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for FormFactor’s earnings. The highest sales estimate is $136.00 million and the lowest is $134.00 million. FormFactor reported sales of $143.74 million in the same quarter last year, which indicates a negative year-over-year growth rate of 6.4%. The company is expected to announce its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that FormFactor will report full-year sales of $521.20 million for the current financial year, with estimates ranging from $511.00 million to $530.80 million. For the next year, analysts anticipate that the business will post sales of $574.65 million per share, with estimates ranging from $565.00 million to $588.60 million. Zacks’ sales averages are an average based on a survey of analysts that follow FormFactor.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, August 1st. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $135.51 million during the quarter, compared to analyst estimates of $134.87 million. FormFactor had a net margin of 5.55% and a return on equity of 12.77%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share.

A number of equities analysts have weighed in on FORM shares. ValuEngine upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. Needham & Company LLC lowered shares of FormFactor from a “strong-buy” rating to a “buy” rating and cut their target price for the stock from $20.00 to $17.00 in a research report on Friday, April 27th. Zacks Investment Research upgraded shares of FormFactor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. B. Riley cut their target price on shares of FormFactor from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 30th. Finally, BidaskClub upgraded shares of FormFactor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 11th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $17.90.

In other news, Director Raymond A. Link sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $13.35, for a total value of $60,075.00. Following the completion of the transaction, the director now directly owns 45,102 shares in the company, valued at $602,111.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in FORM. SG Americas Securities LLC bought a new position in shares of FormFactor in the first quarter valued at approximately $113,000. Meadow Creek Investment Management LLC bought a new position in shares of FormFactor in the first quarter valued at approximately $117,000. NumerixS Investment Technologies Inc boosted its position in shares of FormFactor by 405.6% in the second quarter. NumerixS Investment Technologies Inc now owns 9,100 shares of the semiconductor company’s stock valued at $119,000 after acquiring an additional 7,300 shares during the period. Aperio Group LLC bought a new position in shares of FormFactor in the first quarter valued at approximately $140,000. Finally, Amalgamated Bank bought a new position in shares of FormFactor in the first quarter valued at approximately $141,000. Institutional investors own 88.91% of the company’s stock.

Shares of FormFactor opened at $14.05 on Monday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.25. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.20 and a beta of 1.40. FormFactor has a twelve month low of $11.10 and a twelve month high of $18.65.

About FormFactor

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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