FormFactor - FORM Stock Forecast, Price & News

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. It also provides probing systems for semiconductor design engineers to capture and analyze accurate data; surface metrology systems for the development, production, and quality control of semiconductor products; thermal subsystems, such as thermal chucks and other test systems used in probe stations and other applications; and precision cryogenic instruments, semiconductor tests, and measurement systems. In addition, the company offers on-site probe card maintenance and service training, seminars, and telephone support services. The company markets and sells its products through direct sales force, manufacturers' representatives, and distributors in the United States, Taiwan, South Korea, China, Japan, Europe, rest of Asia-Pacific, and internationally. FormFactor, Inc. was incorporated in 1993 and is headquartered in Livermore, California.

FormFactor Stock Down 2.1 %

NASDAQ:FORM opened at $35.72 on Monday. FormFactor has a 52 week low of $32.55 and a 52 week high of $47.48. The company has a quick ratio of 2.47, a current ratio of 3.37 and a debt-to-equity ratio of 0.02. The business's fifty day simple moving average is $37.53 and its 200-day simple moving average is $39.13. The firm has a market cap of $2.76 billion, a PE ratio of 26.46 and a beta of 1.20.

FormFactor (NASDAQ:FORM - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. FormFactor had a return on equity of 14.43% and a net margin of 13.38%. The business had revenue of $203.90 million for the quarter, compared to analyst estimates of $203.14 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The company's quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that FormFactor will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FORM. Craig Hallum dropped their price target on shares of FormFactor from $50.00 to $40.00 in a research note on Thursday, July 28th. DA Davidson restated a "buy" rating on shares of FormFactor in a report on Wednesday, July 27th. Stifel Nicolaus decreased their price objective on FormFactor from $51.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, April 25th. B. Riley decreased their price objective on FormFactor from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, June 15th. Finally, CL King raised their price objective on FormFactor from $43.00 to $45.00 in a report on Tuesday, April 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $46.00.

Insider Activity at FormFactor

In related news, Director Raymond A. Link sold 1,600 shares of the business's stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $40.23, for a total value of $64,368.00. Following the sale, the director now directly owns 61,392 shares in the company, valued at approximately $2,469,800.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by insiders.