Posted by admin on Jul 30th, 2022

FormFactor, Inc. (NASDAQ:FORM – Get Rating) – Stock analysts at DA Davidson issued their Q2 2022 EPS estimates for FormFactor in a report released on Wednesday, July 27th. DA Davidson analyst H. Chung forecasts that the semiconductor company will post earnings per share of $0.36 for the quarter. DA Davidson has a “Buy” rating on the stock. The consensus estimate for FormFactor’s current full-year earnings is $1.56 per share. DA Davidson also issued estimates for FormFactor’s FY2022 earnings at $1.60 EPS and FY2023 earnings at $1.71 EPS.

FormFactor (NASDAQ:FORM – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $203.90 million during the quarter, compared to analysts’ expectations of $203.14 million. FormFactor had a net margin of 12.07% and a return on equity of 13.56%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share.

A number of other analysts have also recently issued reports on FORM. B. Riley reduced their price objective on shares of FormFactor from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, June 15th. CL King increased their price objective on shares of FormFactor from $43.00 to $45.00 in a research note on Tuesday, April 12th. Citigroup reissued a “maintains” rating on shares of FormFactor in a research note on Friday. Needham & Company LLC reaffirmed a “maintains” rating on shares of FormFactor in a research note on Thursday. Finally, Stifel Nicolaus cut their target price on shares of FormFactor from $51.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, April 25th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $46.00.

Shares of NASDAQ FORM opened at $35.56 on Friday. The firm has a fifty day moving average price of $38.07 and a 200-day moving average price of $39.51. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.60 and a quick ratio of 2.78. The stock has a market cap of $2.78 billion, a PE ratio of 29.63 and a beta of 1.32. FormFactor has a 1 year low of $32.55 and a 1 year high of $47.48.

In other FormFactor news, Director Raymond A. Link sold 1,600 shares of FormFactor stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $40.23, for a total value of $64,368.00. Following the completion of the transaction, the director now directly owns 61,392 shares of the company’s stock, valued at approximately $2,469,800.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC grew its position in shares of FormFactor by 62.4% in the 4th quarter. ProShare Advisors LLC now owns 19,444 shares of the semiconductor company’s stock worth $889,000 after buying an additional 7,472 shares during the last quarter. Bank of America Corp DE raised its position in FormFactor by 5.0% during the fourth quarter. Bank of America Corp DE now owns 2,409,589 shares of the semiconductor company’s stock worth $110,167,000 after acquiring an additional 114,375 shares during the period. Rhumbline Advisers raised its position in FormFactor by 2.7% during the fourth quarter. Rhumbline Advisers now owns 188,180 shares of the semiconductor company’s stock worth $8,604,000 after acquiring an additional 4,912 shares during the period. Baird Financial Group Inc. raised its position in FormFactor by 6.5% during the fourth quarter. Baird Financial Group Inc. now owns 19,913 shares of the semiconductor company’s stock worth $910,000 after acquiring an additional 1,214 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new position in FormFactor during the fourth quarter worth $210,000. Institutional investors own 92.86% of the company’s stock.

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems 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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