FormFactor, Inc. (NASDAQ:FORM) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.24 to $0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $126 million to $134 million, compared to the consensus revenue estimate of $132.33 million.

FORM has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a buy rating and set a $18.00 target price on shares of FormFactor in a research report on Friday. DA Davidson reiterated a buy rating and set a $20.00 target price on shares of FormFactor in a research report on Thursday, August 31st. B. Riley reiterated a buy rating and set a $20.00 target price on shares of FormFactor in a research report on Tuesday, August 8th. Zacks Investment Research upgraded FormFactor from a hold rating to a strong-buy rating and set a $16.00 target price on the stock in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded FormFactor from a sell rating to a hold rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $17.43.

FormFactor, Inc. (NASDAQ FORM) traded up 1.11% during mid-day trading on Tuesday, reaching $18.20. The company’s stock had a trading volume of 902,382 shares. The firm’s 50 day moving average price is $16.80 and its 200 day moving average price is $14.29. The firm’s market capitalization is $1.32 billion. FormFactor, Inc. has a 52 week low of $8.60 and a 52 week high of $18.42.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.12. The business had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $134.53 million. FormFactor had a positive return on equity of 15.62% and a negative net margin of 1.32%. The company’s quarterly revenue was up 73.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. On average, analysts anticipate that FormFactor, Inc. will post $1.22 EPS for the current fiscal year.

In related news, Director Michael W. Zellner sold 3,725 shares of FormFactor stock in a transaction on Friday, September 1st. The stock was sold at an average price of $15.26, for a total value of $56,843.50. Following the transaction, the director now directly owns 63,000 shares in the company, valued at approximately $961,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael M. Ludwig sold 10,000 shares of FormFactor stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $14.07, for a total value of $140,700.00. Following the completion of the transaction, the chief financial officer now owns 267,977 shares in the company, valued at $3,770,436.39. The disclosure for this sale can be found here. Insiders sold a total of 43,725 shares of company stock worth $623,844 over the last 90 days. Insiders own 2.30% 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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