FormFactor (FORM) Projected to Post Earnings on Wednesday

FormFactor (NASDAQ:FORM) is projected to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect FormFactor to post earnings of $0.29 per share and revenue of $190.12 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

FormFactor Trading Down 0.9 %

Shares of FORM stock opened at $37.90 on Wednesday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.78 and a beta of 1.08. The company’s fifty day simple moving average is $43.05 and its two-hundred day simple moving average is $45.03. FormFactor has a 1 year low of $37.25 and a 1 year high of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.76 and a quick ratio of 3.94.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FORM shares. Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $51.00 in a report on Monday, January 6th. TD Cowen cut their price objective on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Needham & Company LLC lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, FormFactor currently has an average rating of “Hold” and a consensus target price of $56.00.

Insider Transactions at FormFactor

In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the completion of the transaction, the chief executive officer now directly owns 526,531 shares in the company, valued at approximately $21,371,893.29. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

FormFactor Company Profile

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 in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.