FormFactor Company Profile (NASDAQ:FORM)

FormFactor trades on the NASDAQ under the ticker symbol "FORM."

FormFactor announced that its board has authorized a share buyback program on Monday, April 10th 2017, which permits the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

FormFactor, Inc. (NASDAQ:FORM) posted its earnings results on Wednesday, May, 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.20 by $0.04. The firm had revenue of $128.80 million for the quarter, compared to analysts' expectations of $124.07 million. FormFactor had a negative net margin of 1.71% and a positive return on equity of 6.00%. The firm's revenue was up 140.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) EPS. View FormFactor's Earnings History.

FormFactor issued an update on its second quarter earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $0.24-$0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. The company issued revenue guidance of $130-$138 million, compared to the consensus revenue estimate of $125.47 million.

7 equities research analysts have issued 1-year price objectives for FormFactor's stock. Their forecasts range from $10.00 to $17.00. On average, they anticipate FormFactor's share price to reach $14.43 in the next year. View Analyst Ratings for FormFactor.

Here are some recent quotes from research analysts about FormFactor stock:

• 1. According to Zacks Investment Research, "FormFactor, is the largest probe card manufacturer in the semiconductor industry as well as the largest supplier of probe cards to the SOC probe card market. The company reported better-than-expected first quarter results. Over the last one year, the stock has outperformed te Zacks Electronics-Semiconductor industry. The company has proved agile in dealing with the secular decline in the PC market by increasing focus on the Mobile SoC and Mobile DRAM probe card segments where growth prospects remain very bright. However, nature of the business necessitates long lead times and customer concentration, which should be kept in mind when investing in the shares." (5/8/2017)
• 2. Stifel Nicolaus analysts commented, "On Wednesday after the market close, FormFactor reported 4Q16 (Dec) earnings results ahead of our and consensus expectations. The company also delivered guidance for 1Q17 (March) ahead of expectations and also provided an outlook for 2017 that was ahead of our prior estimate. The only aspect that came in below our expectations was on the gross margin line and outlook for 2017. Having said that, we believe that the long-term operating model remains intact and with higher revenues projected for 2017 (and our long-term forecasts), we believe the company is on track for a strong growth year with continued growth projected for future years. We are raising our target price to $15 (from $13) which reflects our new 10x pro-forma EPS of $1.47 on $530 million in annual revenues. We maintain our Buy rating on the shares." (2/9/2017)

FormFactor saw a decrease in short interest during the month of May. As of May 15th, there was short interest totalling 1,166,999 shares, a decrease of 16.8% from the April 28th total of 1,402,577 shares. Based on an average trading volume of 1,101,618 shares, the short-interest ratio is presently 1.1 days.

Some companies that are related to FormFactor include 2U (TWOU), MaxLinear (MXL), MicroStrategy Incorporated (MSTR), Changyou.Com Ltd (CYOU), WebMD Health Corp. (WBMD), Acxiom (ACXM), Diebold Nixdorf (DBD), Power Integrations (POWI), Inovalon Holdings (INOV), Celestica (CLS), Rogers (ROG), TiVo Corp (TIVO), DigitalGlobe (DGI), Mercury Systems (MRCY), West Corp (WSTC), Cabot Microelectronics (CCMP), Synaptics, Incorporated (SYNA) and Descartes Systems Group (DSGX).

FormFactor's stock is owned by a number of of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (9.67%), Vanguard Group Inc. (8.01%), Dimensional Fund Advisors LP (7.54%), Wellington Management Group LLP (5.66%), Frontier Capital Management Co. LLC (4.17%) and Victory Capital Management Inc. (2.80%). Company insiders that own FormFactor stock include Dennis Thomas St, Edward Rogas Jr, Michael M Ludwig, Mike Slessor, Raymond A Link and Richard Delateur. View Institutional Ownership Trends for FormFactor.

FormFactor's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Alliancebernstein L.P., Renaissance Technologies LLC, Neuberger Berman Group LLC, Investment Counselors of Maryland LLC, Cortina Asset Management LLC, Monarch Partners Asset Management LLC and Peregrine Capital Management LLC. Company insiders that have sold FormFactor stock in the last year include Dennis Thomas St, Edward Rogas Jr, Michael M Ludwig and Richard Delateur. View Insider Buying and Selling for FormFactor.

FormFactor's stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Pinnacle Associates Ltd., Kennedy Capital Management Inc., Vanguard Group Inc., RK Capital Management LLC, Columbus Circle Investors, Dimensional Fund Advisors LP and Fisher Asset Management LLC. View Insider Buying and Selling for FormFactor.

Shares of FormFactor can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of FormFactor stock can currently be purchased for approximately $14.40.