About FormFactor (NASDAQ:FORM)
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. Its products provide electrical information from a range of semiconductor and electro-optical devices and integrated circuits (devices) from development to production. Probe Cards segment consists of probe card products and analytical probes. Systems segment consists of wafer probing, thermal and reliability products to enable precision on-wafer measurement of integrated circuits. Systems products are used in the early phases of the development and characterization of semiconductor processes.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Semiconductor Equipment & Testing
- Sub-Industry: Semiconductor Equipment
- Symbol: NASDAQ:FORM
- CUSIP: 34637510
- Web: www.formfactor.com
- Market Cap: $1.28 billion
- Outstanding Shares: 72,544,000
- 50 Day Moving Avg: $16.41
- 200 Day Moving Avg: $13.97
- 52 Week Range: $8.55 - $17.90
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 13.11
- P/E Growth: 0.72
- Annual Revenue: $519.99 million
- Price / Sales: 2.47
- Book Value: $6.01 per share
- Price / Book: 2.95
- EBITDA: $61.41 million
- Net Margins: -1.32%
- Return on Equity: 15.62%
- Return on Assets: 10.19%
- Debt-to-Equity Ratio: 0.24%
- Current Ratio: 2.87%
- Quick Ratio: 2.25%
- Average Volume: 708,434 shs.
- Beta: 1.63
- Short Ratio: 2.46
Frequently Asked Questions for FormFactor (NASDAQ:FORM)
What is FormFactor's stock symbol?
FormFactor trades on the NASDAQ under the ticker symbol "FORM."
How will FormFactor's stock buyback program work?
FormFactor declared that its board has approved a stock repurchase plan on Monday, April 10th 2017, which permits the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.
How were FormFactor's earnings last quarter?
FormFactor, Inc. (NASDAQ:FORM) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.40 EPS for the quarter, beating the Zacks' consensus estimate of $0.28 by $0.12. The firm earned $144 million during the quarter, compared to the consensus estimate of $134.53 million. FormFactor had a positive return on equity of 15.62% and a negative net margin of 1.32%. The business's revenue was up 73.3% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. View FormFactor's Earnings History.
When will FormFactor make its next earnings announcement?
What guidance has FormFactor issued on next quarter's earnings?
FormFactor updated its third quarter earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $0.29-$0.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.27. The company issued revenue guidance of $136-$144 million, compared to the consensus revenue estimate of $133.64 million.
Where is FormFactor's stock going? Where will FormFactor's stock price be in 2017?
6 brokers have issued twelve-month price targets for FormFactor's shares. Their predictions range from $15.00 to $20.00. On average, they expect FormFactor's stock price to reach $17.67 in the next year. View Analyst Ratings for FormFactor.
What are analysts saying about FormFactor stock?
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 second quarter results surpassing the Zacks Consensus Estimates on both counts. Year to date, the stock has underperformed the industry it belongs to. 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." (8/9/2017)
- 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)
Who are some of FormFactor's key competitors?
Some companies that are related to FormFactor include Amkor Technology (AMKR), MACOM Technology Solutions Holdings (MTSI), Brooks Automation (BRKS), Kulicke and Soffa Industries (KLIC), Ultra Clean Holdings (UCTT), Axcelis Technologies (ACLS), Nanometrics Incorporated (NANO), Cohu (COHU), Photronics (PLAB), Xcerra Corporation (XCRA), PDF Solutions (PDFS), Camtek LTD. (CAMT), Mattson Technology (MTSN) and Ultratech (UTEK).
Who are FormFactor's key executives?
FormFactor's management team includes the folowing people:
- Thomas St. Dennis, Executive Chairman of the Board
- Michael D. Slessor, Chief Executive Officer, Director
- Michael M. Ludwig, Chief Financial Officer
- Richard DeLateur, Lead Independent Director
- Raymond A. Link CPA, Independent Director
- Lothar Maier, Independent Director
- Edward Rogas Jr., Independent Director
- Kelley Steven-Waiss, Independent Director
Who owns FormFactor stock?
FormFactor's stock is owned by a number of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.56%), Nationwide Fund Advisors (0.09%) and Fox Run Management L.L.C. (0.07%). Company insiders that own FormFactor stock include Dennis Thomas St, Edward Rogas Jr, Michael M Ludwig, Michael W Zellner, Mike Slessor, Raymond A Link and Richard Delateur. View Institutional Ownership Trends for FormFactor.
Who sold FormFactor stock? Who is selling FormFactor stock?
FormFactor's stock was sold by a variety of institutional investors in the last quarter, including Nationwide Fund Advisors. Company insiders that have sold FormFactor stock in the last year include Dennis Thomas St, Edward Rogas Jr, Michael M Ludwig, Michael W Zellner and Richard Delateur. View Insider Buying and Selling for FormFactor.
Who bought FormFactor stock? Who is buying FormFactor stock?
How do I buy FormFactor stock?
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.
What is FormFactor's stock price today?
MarketBeat Community Rating for FormFactor (NASDAQ FORM)MarketBeat's community ratings are surveys of what our community members think about FormFactor and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of FormFactor stock can currently be purchased for approximately $17.70.
Consensus Ratings for FormFactor (NASDAQ:FORM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.83)|
|Consensus Price Target: ||$17.67 (0.19% downside)|Consensus Price Target History for FormFactor (NASDAQ:FORM)
Analysts' Ratings History for FormFactor (NASDAQ:FORM)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/12/2017||Needham & Company LLC||Reiterated Rating||Buy||$18.00||Low|
|8/31/2017||DA Davidson||Reiterated Rating||Buy||$20.00||Medium|
|8/8/2017||B. Riley||Reiterated Rating||Buy||$20.00||Low|
|6/14/2017||Sidoti||Reiterated Rating||Buy||$15.00 -> $18.00||Medium|
|6/5/2017||Citigroup Inc.||Reiterated Rating||Neutral||$13.50 -> $15.00||Medium|
|2/9/2017||Stifel Nicolaus||Boost Price Target||Buy||$13.00 -> $15.00||N/A|
|9/22/2016||Craig Hallum||Initiated Coverage||Buy||$14.00||N/A|
Earnings History for FormFactor (NASDAQ:FORM)Earnings History by Quarter for FormFactor (NASDAQ FORM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.28||$0.40||$134.53 million||$144.00 million||View||Listen|
|5/3/2017||Q1 2017||$0.20||$0.24||$124.07 million||$128.80 million||View||Listen|
|2/8/2017||Q4 2016||$0.18||$0.20||$120.46 million||$123.90 million||View||Listen|
|10/27/2016||Q3||$0.15||$0.22||$122.70 million||$123.30 million||View||Listen|
|8/2/2016||Q216||$0.11||$0.13||$78.23 million||$83.10 million||View||N/A|
|4/27/2016||Q116||($0.15)||($0.11)||$56.38 million||$53.60 million||View||Listen|
|2/4/2016||Q415||$0.09||$0.10||$70.46 million||$71.78 million||View||N/A|
|10/28/2015||Q315||$0.03||$0.06||$65.37 million||$65.90 million||View||Listen|
|7/29/2015||Q215||$0.09||$0.11||$73.44 million||$73.90 million||View||Listen|
|4/29/2015||Q115||$0.02||$0.10||$68.12 million||$70.82 million||View||N/A|
|2/4/2015||Q414||$0.07||$0.11||$70.96 million||$71.30 million||View||N/A|
|10/29/2014||Q314||$0.07||$0.09||$72.55 million||$73.93 million||View||Listen|
|7/30/2014||Q214||$0.04||$0.02||$66.04 million||$67.40 million||View||Listen|
|4/30/2014||Q114||($0.16)||($0.09)||$54.44 million||$56.00 million||View||Listen|
|2/5/2014||Q413||$0.02||($0.20)||$48.03 million||$48.55 million||View||Listen|
|10/24/2013||Q313||$0.02||($0.06)||$66.94 million||$67.60 million||View||N/A|
|7/31/2013||Q2 2013||($0.03)||($0.01)||$60.78 million||$62.70 million||View||N/A|
|5/1/2013||Q1 2013||($0.18)||($0.13)||$51.68 million||$52.60 million||View||N/A|
|2/6/2013||Q4 2012||($0.28)||($0.25)||$48.84 million||$47.70 million||View||N/A|
|11/1/2012||Q312||($0.25)||($0.15)||$40.55 million||$41.30 million||View||N/A|
Earnings Estimates for FormFactor (NASDAQ:FORM)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for FormFactor (NASDAQ:FORM)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for FormFactor (NASDAQ:FORM)
Insider Ownership Percentage: 2.30%Insider Trades by Quarter for FormFactor (NASDAQ:FORM)
Institutional Ownership Percentage: 86.55%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/1/2017||Michael W Zellner||Director||Sell||3,725||$15.26||$56,843.50|| |
|8/23/2017||Michael M Ludwig||CFO||Sell||10,000||$14.07||$140,700.00|| |
|8/22/2017||Michael M Ludwig||CFO||Sell||30,000||$14.21||$426,300.00|| |
|6/14/2017||Dennis Thomas St||Director||Sell||400||$13.93||$5,572.00|| |
|6/5/2017||Dennis Thomas St||Director||Sell||285,333||$14.61||$4,168,715.13|| |
|5/16/2017||Richard Delateur||Director||Sell||45,262||$14.08||$637,288.96|| |
|5/15/2017||Edward Rogas Jr||Director||Sell||6,000||$13.90||$83,400.00|| |
|5/9/2017||Dennis Thomas St||Director||Sell||62,088||$13.77||$854,951.76|| |
|5/8/2017||Richard Delateur||Director||Sell||80,000||$13.80||$1,104,000.00|| |
|3/2/2017||Richard Delateur||Director||Sell||12,000||$11.08||$132,960.00|| |
|2/24/2017||Dennis Thomas St||Director||Sell||20,297||$11.68||$237,068.96|| |
|2/21/2017||Dennis Thomas St||Director||Sell||196,682||$11.83||$2,326,748.06|| |
|2/15/2017||Dennis Thomas St||Director||Sell||156,971||$12.07||$1,894,639.97|| |
|2/14/2017||Dennis Thomas St||Director||Sell||80,397||$12.01||$965,567.97|| |
|2/13/2017||Dennis Thomas St||Director||Sell||18,404||$12.15||$223,608.60|| |
|11/1/2016||Raymond A Link||Director||Buy||2,000||$8.95||$17,900.00|| |
|8/22/2016||Richard Delateur||Director||Sell||10,000||$10.74||$107,400.00|| |
|8/10/2016||Raymond A Link||Director||Buy||2,000||$10.02||$20,040.00|| |
|8/5/2016||Dennis Thomas St||Director||Sell||23,120||$10.51||$242,991.20|| |
|6/2/2016||Michael M Ludwig||CFO||Sell||3,692||$7.33||$27,062.36|| |
|5/9/2016||Michael M Ludwig||CFO||Sell||11,423||$6.81||$77,790.63|| |
|5/9/2016||Mike Slessor||CEO||Sell||12,697||$6.82||$86,593.54|| |
|5/3/2016||Michael M Ludwig||CFO||Sell||24,524||$7.14||$175,101.36|| |
|5/3/2016||Mike Slessor||CEO||Sell||32,857||$7.14||$234,598.98|| |
|11/6/2015||Mike Slessor||CEO||Sell||10,883||$8.52||$92,723.16|| |
|5/21/2015||Dennis Thomas St||Chairman||Sell||130,000||$8.91||$1,158,300.00|| |
|5/7/2015||Dennis Thomas St||Chairman||Sell||10,606||$8.28||$87,817.68|| |
|5/7/2015||Michael M Ludwig||CFO||Sell||7,954||$8.28||$65,859.12|| |
|5/7/2015||Mike Slessor||CEO||Sell||6,674||$8.28||$55,260.72|| |
|5/7/2015||Stuart L Merkadeau||SVP||Sell||3,183||$8.28||$26,355.24|| |
|5/6/2015||Dennis Thomas St||Chairman||Sell||10,607||$8.25||$87,507.75|| |
|5/6/2015||Michael M Ludwig||CFO||Sell||7,955||$8.25||$65,628.75|| |
|5/6/2015||Mike Slessor||CEO||Sell||7,002||$8.25||$57,766.50|| |
|5/6/2015||Stuart L Merkadeau||SVP||Sell||3,820||$8.25||$31,515.00|| |
|5/5/2015||Dennis Thomas St||Chairman||Sell||92,782||$8.42||$781,224.44|| |
|5/5/2015||Michael M Ludwig||CFO||Sell||32,116||$8.43||$270,737.88|| |
|5/5/2015||Mike Slessor||CEO||Sell||29,165||$8.42||$245,569.30|| |
|5/5/2015||Stuart L Merkadeau||SVP||Sell||9,262||$8.42||$77,986.04|| |
|3/9/2015||Dennis Thomas St||CEO||Sell||90,000||$9.16||$824,400.00|| |
|3/2/2015||Dennis Thomas St||CEO||Sell||13,548||$10.15||$137,512.20|| |
|3/2/2015||Michael M Ludwig||CFO||Sell||6,097||$10.15||$61,884.55|| |
|3/2/2015||Stuart L Merkadeau||SVP||Sell||9,731||$10.19||$99,158.89|| |
|2/12/2015||Richard Delateur||Director||Sell||12,982||$8.53||$110,736.46|| |
|2/11/2015||Michael M Ludwig||CFO||Sell||3,707||$8.52||$31,583.64|| |
|2/11/2015||Stuart L Merkadeau||SVP||Sell||2,966||$8.52||$25,270.32|| |
|11/7/2014||Mike Slessor||President||Sell||7,515||$8.71||$65,455.65|| |
|11/7/2014||Stuart L Merkadeau||SVP||Sell||7,501||$8.93||$66,983.93|| |
|5/9/2014||Stuart Merkadeau||SVP||Sell||11,162||$5.64||$62,953.68|| |
|5/7/2014||Dennis Thomas St||CEO||Sell||9,904||$5.77||$57,146.08|| |
|5/7/2014||Michael Ludwig||CFO||Sell||9,279||$5.77||$53,539.83|| |
|5/7/2014||Mike Slessor||President||Sell||5,852||$5.77||$33,766.04|| |
|5/7/2014||Stuart Merkadeau||SVP||Sell||6,702||$5.77||$38,670.54|| |
|2/28/2014||Dennis Thomas St||CEO||Sell||13,528||$7.11||$96,184.08|| |
|2/28/2014||Michael Ludwig||CFO||Sell||6,139||$7.11||$43,648.29|| |
|2/28/2014||Stuart Merkadeau||SVP||Sell||4,922||$7.11||$34,995.42|| |
|2/11/2014||Dennis Thomas St||CEO||Sell||6,990||$6.47||$45,225.30|| |
|2/11/2014||Michael Ludwig||CFO||Sell||3,720||$6.47||$24,068.40|| |
|2/11/2014||Stuart Merkadeau||SVP||Sell||2,977||$6.47||$19,261.19|| |
|11/7/2013||Mike Slessor||President||Sell||7,677||$5.09||$39,075.93|| |
|9/16/2013||Dennis Thomas St||CEO||Sell||5,689||$7.26||$41,302.14|| |
|8/12/2013||Stuart Merkadeau||SVP||Sell||9,234||$6.51||$60,113.34|| |
|5/29/2013||Richard Delateur||Director||Sell||13,936||$5.42||$75,533.12|| |
Headline Trends for FormFactor (NASDAQ:FORM)
Latest Headlines for FormFactor (NASDAQ:FORM)
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FormFactor (FORM) Chart for Monday, October, 23, 2017