Q1 2018 Earnings Forecast for FormFactor, Inc. Issued By DA Davidson (FORM)

FormFactor, Inc. (NASDAQ:FORM) – Research analysts at DA Davidson dropped their Q1 2018 earnings per share estimates for FormFactor in a report issued on Tuesday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $0.13 for the quarter, down from their prior estimate of $0.24. DA Davidson also issued estimates for FormFactor’s FY2018 earnings at $1.07 EPS.

A number of other research analysts also recently weighed in on the stock. Needham & Company LLC raised shares of FormFactor from a “buy” rating to a “strong-buy” rating and increased their target price for the company from $20.00 to $22.00 in a research report on Thursday, December 14th. Zacks Investment Research downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. Citigroup increased their target price on shares of FormFactor from $16.00 to $17.40 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, B. Riley increased their target price on shares of FormFactor from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. FormFactor presently has a consensus rating of “Buy” and a consensus target price of $18.06.

FormFactor (FORM) opened at $13.20 on Thursday. FormFactor has a 52-week low of $10.45 and a 52-week high of $18.65. The firm has a market cap of $992.59, a P/E ratio of 50.77, a PEG ratio of 0.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.45 and a current ratio of 3.16.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its holdings in FormFactor by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 334,956 shares of the semiconductor company’s stock worth $4,154,000 after buying an additional 20,777 shares during the period. Algert Global LLC boosted its holdings in FormFactor by 26.7% in the 3rd quarter. Algert Global LLC now owns 199,305 shares of the semiconductor company’s stock worth $3,358,000 after buying an additional 42,022 shares during the period. State of Wisconsin Investment Board boosted its holdings in FormFactor by 4.3% in the 3rd quarter. State of Wisconsin Investment Board now owns 600,000 shares of the semiconductor company’s stock worth $10,110,000 after buying an additional 25,000 shares during the period. Vanguard Group Inc. boosted its holdings in FormFactor by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,971,401 shares of the semiconductor company’s stock worth $74,045,000 after buying an additional 253,323 shares during the period. Finally, 22NW LP bought a new position in FormFactor in the 3rd quarter worth approximately $337,000. 83.20% of the stock is owned by institutional investors.

In other news, CFO Michael M. Ludwig sold 16,845 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 241,132 shares of the company’s stock, valued at approximately $4,219,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

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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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