Equities analysts expect FormFactor, Inc. (NASDAQ:FORM) to announce sales of $134.28 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for FormFactor’s earnings, with the lowest sales estimate coming in at $134 million and the highest estimate coming in at $135.11 million. FormFactor reported sales of $83.08 million in the same quarter last year, which indicates a positive year-over-year growth rate of 61.6%. The business is scheduled to announce its next earnings report on Tuesday, August 1st.

According to Zacks, analysts expect that FormFactor will report full-year sales of $134.28 million for the current year, with estimates ranging from $517.8 million to $525 million. For the next year, analysts expect that the business will report sales of $543.44 million per share, with estimates ranging from $535 million to $550.8 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow FormFactor.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $128.80 million for the quarter, compared to the consensus estimate of $124.07 million. FormFactor had a positive return on equity of 6.00% and a negative net margin of 1.71%. The company’s quarterly revenue was up 140.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share.

FORM has been the topic of several research analyst reports. Sidoti initiated coverage on FormFactor in a research note on Friday, March 10th. They set a “buy” rating and a $15.00 target price on the stock. Stifel Nicolaus boosted their target price on FormFactor from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of FormFactor in a research note on Thursday, February 9th. Zacks Investment Research upgraded FormFactor from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Monday, May 8th. Finally, TheStreet downgraded FormFactor from a “b-” rating to a “c+” rating in a research note on Friday, February 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. FormFactor presently has a consensus rating of “Buy” and an average target price of $14.63.

In other FormFactor news, Director Richard Delateur sold 12,000 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $11.08, for a total transaction of $132,960.00. Following the sale, the director now owns 10,000 shares in the company, valued at approximately $110,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward Rogas, Jr. sold 6,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $13.90, for a total value of $83,400.00. Following the sale, the director now owns 56,000 shares in the company, valued at approximately $778,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,350 shares of company stock worth $2,812,601. 2.84% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of FORM. Hood River Capital Management LLC increased its stake in FormFactor by 38.7% in the third quarter. Hood River Capital Management LLC now owns 917,166 shares of the semiconductor company’s stock valued at $9,951,000 after buying an additional 255,817 shares during the last quarter. Norges Bank purchased a new stake in FormFactor during the fourth quarter valued at $8,524,000. State Street Corp increased its stake in FormFactor by 7.9% in the fourth quarter. State Street Corp now owns 1,263,833 shares of the semiconductor company’s stock valued at $14,155,000 after buying an additional 92,544 shares during the last quarter. Putnam Investments LLC increased its stake in FormFactor by 4.4% in the fourth quarter. Putnam Investments LLC now owns 798,261 shares of the semiconductor company’s stock valued at $8,941,000 after buying an additional 33,572 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in FormFactor by 16.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,888,461 shares of the semiconductor company’s stock valued at $32,351,000 after buying an additional 401,079 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

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FormFactor (NASDAQ:FORM) opened at 14.40 on Friday. FormFactor has a one year low of $7.13 and a one year high of $14.50. The stock’s 50 day moving average price is $12.48 and its 200-day moving average price is $11.67. The company has a market capitalization of $1.04 billion, a P/E ratio of 79.12 and a beta of 1.45.

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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