Q1 2018 Earnings Forecast for FormFactor, Inc. Issued By DA Davidson (FORM)

FormFactor, Inc. (NASDAQ:FORM) – Stock analysts at DA Davidson decreased their Q1 2018 EPS estimates for shares of FormFactor in a research report issued to clients and investors on Tuesday. DA Davidson analyst T. Diffely now expects that the semiconductor company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.24. DA Davidson also issued estimates for FormFactor’s FY2018 earnings at $1.07 EPS.

A number of other equities research analysts also recently weighed in on FORM. B. Riley reiterated a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of FormFactor in a report on Monday, January 29th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of FormFactor in a report on Friday, October 27th. Citigroup boosted their price target on FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $18.06.

Shares of FormFactor (FORM) opened at $13.20 on Thursday. FormFactor has a twelve month low of $10.45 and a twelve month high of $18.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45. The firm has a market capitalization of $992.59, a P/E ratio of 50.77, a PEG ratio of 0.75 and a beta of 1.27.

In related news, CFO Michael M. Ludwig sold 16,845 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $17.50, for a total transaction of $294,787.50. Following the completion of the transaction, the chief financial officer now owns 241,132 shares in the company, valued at approximately $4,219,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in FormFactor by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock valued at $74,045,000 after purchasing an additional 253,323 shares during the period. Peregrine Capital Management LLC boosted its position in FormFactor by 32.8% during the 4th quarter. Peregrine Capital Management LLC now owns 2,504,269 shares of the semiconductor company’s stock valued at $39,192,000 after purchasing an additional 618,775 shares during the period. Victory Capital Management Inc. boosted its position in FormFactor by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,000,917 shares of the semiconductor company’s stock worth $33,715,000 after acquiring an additional 25,550 shares during the period. Renaissance Technologies LLC boosted its position in FormFactor by 5.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,671,322 shares of the semiconductor company’s stock worth $20,724,000 after acquiring an additional 78,868 shares during the period. Finally, Hood River Capital Management LLC boosted its position in FormFactor by 23.9% during the 4th quarter. Hood River Capital Management LLC now owns 1,556,232 shares of the semiconductor company’s stock worth $24,355,000 after acquiring an additional 299,880 shares during the period. Institutional investors and hedge funds own 83.20% of the company’s stock.

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FormFactor Company Profile

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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