FY2017 EPS Estimates for FormFactor, Inc. Raised by Analyst (NASDAQ:FORM)

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at DA Davidson upped their FY2017 EPS estimates for shares of FormFactor in a research note issued on Wednesday, Zacks Investment Research reports. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings of $1.05 per share for the year, up from their previous forecast of $1.04. DA Davidson has a “Buy” rating and a $20.00 price objective on the stock. DA Davidson also issued estimates for FormFactor’s Q4 2017 earnings at $0.23 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $1.17 EPS.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC restated a “buy” rating and set a $18.00 target price (up from $16.00) on shares of FormFactor in a report on Thursday, August 3rd. B. Riley lifted their price target on shares of FormFactor from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. lifted their price target on shares of FormFactor from $16.00 to $17.40 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of FormFactor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $18.06.

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FormFactor (NASDAQ:FORM) traded up $0.25 during mid-day trading on Monday, hitting $17.20. 733,426 shares of the stock traded hands, compared to its average volume of 682,520. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.45. FormFactor has a one year low of $10.15 and a one year high of $18.65. The firm has a market cap of $1,250.00, a PE ratio of 16.99, a PEG ratio of 1.00 and a beta of 1.53.

FormFactor (NASDAQ:FORM) last released its earnings results on Tuesday, October 31st. The semiconductor company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. FormFactor had a net margin of 3.68% and a return on equity of 16.80%. The company had revenue of $143.74 million during the quarter, compared to analysts’ expectations of $140.83 million. During the same quarter last year, the business earned $0.22 EPS. The business’s revenue was up 16.6% on a year-over-year basis.

In other FormFactor news, CFO Michael M. Ludwig sold 16,845 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $17.50, for a total transaction of $294,787.50. Following the completion of the sale, the chief financial officer now owns 241,132 shares in the company, valued at $4,219,810. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Delateur sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $17.69, for a total transaction of $265,350.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $442,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,570 shares of company stock worth $757,681. Corporate insiders own 2.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in FormFactor by 2.8% in the second quarter. Legal & General Group Plc now owns 17,068 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 469 shares during the period. Virtu KCG Holdings LLC lifted its holdings in FormFactor by 5.9% in the second quarter. Virtu KCG Holdings LLC now owns 17,472 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 972 shares during the period. KCG Holdings Inc. lifted its holdings in FormFactor by 14.7% in the first quarter. KCG Holdings Inc. now owns 16,500 shares of the semiconductor company’s stock worth $196,000 after purchasing an additional 2,120 shares during the period. Voya Investment Management LLC lifted its holdings in FormFactor by 7.1% in the second quarter. Voya Investment Management LLC now owns 34,013 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 2,252 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in FormFactor by 5.1% in the second quarter. The Manufacturers Life Insurance Company now owns 56,360 shares of the semiconductor company’s stock worth $699,000 after purchasing an additional 2,731 shares during the period. 82.05% of the stock is owned by institutional investors and hedge funds.

About FormFactor

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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