FormFactor Company Profile (NASDAQ:FORM)

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

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.

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.

FormFactor is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for FormFactor.

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.

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.

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)

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).

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

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.

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.

FormFactor's stock was bought by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C. 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 $17.70.