Equities analysts predict that FormFactor, Inc. (NASDAQ:FORM) will announce sales of $134.75 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for FormFactor’s earnings, with estimates ranging from $134.00 million to $135.00 million. FormFactor reported sales of $135.51 million in the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The business is expected to report its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that FormFactor will report full year sales of $546.28 million for the current fiscal year, with estimates ranging from $540.20 million to $554.20 million. For the next fiscal year, analysts expect that the firm will report sales of $594.90 million, with estimates ranging from $575.00 million to $612.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow FormFactor.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. FormFactor had a return on equity of 11.06% and a net margin of 19.76%. The business had revenue of $132.21 million for the quarter, compared to analyst estimates of $130.37 million. During the same quarter last year, the company earned $0.17 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis.

Several equities research analysts have recently weighed in on the company. Northland Securities lowered FormFactor from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $16.50 to $18.00 in a research report on Thursday, May 2nd. DA Davidson lifted their price target on FormFactor to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. BidaskClub raised FormFactor from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Finally, Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.17.

In other FormFactor news, Director Raymond A. Link sold 4,000 shares of FormFactor stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $15.58, for a total transaction of $62,320.00. Following the transaction, the director now owns 49,602 shares of the company’s stock, valued at $772,799.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.88% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of FormFactor by 261,685.1% in the first quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock worth $16,427,000 after acquiring an additional 1,020,572 shares during the last quarter. GYL Financial Synergies LLC acquired a new position in shares of FormFactor in the first quarter worth $848,000. Qtron Investments LLC acquired a new position in shares of FormFactor in the first quarter worth $278,000. NumerixS Investment Technologies Inc raised its holdings in shares of FormFactor by 9.1% in the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 600 shares during the last quarter. Finally, Globeflex Capital L P raised its holdings in shares of FormFactor by 18.4% in the first quarter. Globeflex Capital L P now owns 40,026 shares of the semiconductor company’s stock worth $644,000 after acquiring an additional 6,226 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Shares of NASDAQ FORM traded down $0.66 during midday trading on Friday, hitting $14.51. 388,435 shares of the company’s stock were exchanged, compared to its average volume of 262,014. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.54 and a current ratio of 3.36. FormFactor has a twelve month low of $11.38 and a twelve month high of $19.27. The firm has a market capitalization of $1.08 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.86 and a beta of 1.79.

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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