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Brokerages expect FormFactor, Inc. (NASDAQ: FORM) to post earnings per share of $ 0.36 for the current fiscal quarter, Zack reports. Three analysts provided earnings estimates for FormFactor, with the highest EPS estimate being $ 0.38 and the lowest estimate being $ 0.35. FormFactor reported earnings of $ 0.39 per share in the same quarter last year, suggesting a negative growth rate of 7.7% year-over-year. The company is expected to report its next results on Wednesday, October 27.
According to Zacks, analysts expect FormFactor to report annual earnings of $ 1.50 per share for the current year, with EPS estimates ranging from $ 1.45 to $ 1.52. For the next fiscal year, analysts expect the company to report earnings of $ 1.74 per share, with EPS estimates ranging from $ 1.70 to $ 1.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research companies that cover FormFactor.
FormFactor (NASDAQ: FORM) last released its quarterly results on Wednesday July 28. The semiconductor company reported EPS of $ 0.36 for the quarter, beating the consensus estimate of $ 0.28 by $ 0.08. FormFactor had a net margin of 10.63% and a return on equity of 13.98%. The company posted revenue of $ 188.08 million for the quarter, against analysts’ expectations of $ 185.33 million.
FORM has been the subject of several analyst reports. Needham & Company LLC launched coverage on FormFactor shares in a research note on Monday, July 26. They issued a “buy†note and a target price of $ 57.00 on the stock. CL King launched coverage on FormFactor stocks in a research note on Friday, June 25. They issued a “buy†note and a target price of $ 42.00 on the stock. Finally, DA Davidson raised FormFactor’s shares from a “neutral†rating to a “buy†rating in a research note on Friday, July 30. Two equity research analysts rated the stock with a conservation rating and five gave the company’s stock a buy rating. According to MarketBeat.com, FormFactor currently has a consensus rating of “Buy” and an average price target of $ 49.
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A number of large investors have recently changed their holdings of stocks. BlackRock Inc. increased its stake in FormFactor shares by 4.1% during the 1st quarter. BlackRock Inc. now owns 12,160,682 shares of the semiconductor company valued at $ 548,567,000 after purchasing an additional 480,369 shares during the period. Vanguard Group Inc. increased its stake in FormFactor by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,624,628 shares of the semiconductor company valued at $ 314,454,000 after acquiring an additional 27,584 shares during the period. Earnest Partners LLC increased its equity stake in FormFactor by 11.9% during the 1st quarter. Earnest Partners LLC now owns 6,742,111 shares of the semiconductor company valued at $ 304,137,000 after purchasing an additional 718,104 shares during the period. State Street Corp increased its stake in FormFactor shares by 2.9% during the 2nd quarter. State Street Corp now owns 2,392,975 shares of the semiconductor company valued at $ 87,248,000 after purchasing an additional 67,300 shares during the period. Finally, Bank of America Corp DE increased its stake in FormFactor shares by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 2,061,678 shares of the semiconductor company valued at $ 75,168,000 after purchasing an additional 44,929 shares during the period. Hedge funds and other institutional investors hold 88.90% of the company’s shares.
NASDAQ FORM shares opened at $ 40.36 on Friday. The company has a quick ratio of 2.51, a current ratio of 3.23, and a debt ratio of 0.03. The company’s 50-day mobile average price is $ 37.60, and its two-hundred-day mobile average price is $ 39.06. FormFactor has a 52 week low of $ 23.51 and a 52 week high of $ 52.39. The stock has a market cap of $ 3.13 billion, a P / E ratio of 39.96 and a beta of 1.43.
FormFactor Company Profile
FormFactor, Inc is committed to providing test and measurement solutions. It operates through the following segments: Probe Cards and Systems. The probe boards segment comprises technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment includes analytical probe solutions for wafer probing, card testing, and packaging testing.
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