FormFactor, Inc. (NASDAQ:FORM) – Analysts at DA Davidson lowered their Q2 2018 earnings estimates for FormFactor in a research report issued to clients and investors on Tuesday. DA Davidson analyst T. Diffely now expects that the semiconductor company will earn $0.32 per share for the quarter, down from their previous forecast of $0.33. DA Davidson also issued estimates for FormFactor’s Q3 2018 earnings at $0.35 EPS.
Other research analysts also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $22.00 target price (up from $20.00) on shares of FormFactor in a research note on Thursday, November 2nd. Citigroup lifted their target price on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Needham & Company LLC decreased their target price on shares of FormFactor from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 18th. Finally, Zacks Investment Research downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $18.06.
FormFactor (NASDAQ FORM) opened at $13.60 on Wednesday. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. FormFactor has a one year low of $10.45 and a one year high of $18.65. The company has a market cap of $974.34, a price-to-earnings ratio of 52.31, a P/E/G ratio of 0.74 and a beta of 1.27.
Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. grew its position in shares of FormFactor by 105.4% in the 3rd quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock worth $160,000 after buying an additional 4,909 shares during the period. SG Americas Securities LLC purchased a new stake in shares of FormFactor in the 3rd quarter worth about $172,000. Gotham Asset Management LLC purchased a new stake in shares of FormFactor in the 2nd quarter worth about $140,000. Thompson Davis & CO. Inc. purchased a new stake in shares of FormFactor in the 4th quarter worth about $186,000. Finally, Csenge Advisory Group purchased a new stake in shares of FormFactor in the 3rd quarter worth about $206,000. 83.20% of the stock is currently owned by hedge funds and other institutional investors.
In other FormFactor news, CFO Michael M. Ludwig sold 16,845 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the transaction, the chief financial officer now directly owns 241,132 shares of the company’s stock, valued at approximately $4,219,810. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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