Q2 2018 EPS Estimates for FormFactor, Inc. Lowered by Analyst (FORM)

FormFactor, Inc. (NASDAQ:FORM) – Research analysts at DA Davidson lowered their Q2 2018 earnings per share (EPS) estimates for FormFactor in a note issued to investors on Thursday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of $0.23 per share for the quarter, down from their previous forecast of $0.32. DA Davidson also issued estimates for FormFactor’s Q4 2018 earnings at $0.37 EPS.

Several other brokerages also recently commented on FORM. Needham & Company LLC upgraded FormFactor from a “buy” rating to a “strong-buy” rating and raised their target price for the stock from $20.00 to $22.00 in a research note on Thursday, December 14th. BidaskClub cut FormFactor from a “strong-buy” rating to a “buy” rating in a report on Friday. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target (up previously from $20.00) on shares of FormFactor in a report on Thursday, November 2nd. Citigroup lowered their price target on FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Zacks Investment Research cut FormFactor from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. FormFactor has an average rating of “Buy” and a consensus price target of $18.00.

FormFactor (NASDAQ FORM) opened at $12.45 on Monday. FormFactor has a 12 month low of $10.45 and a 12 month high of $18.65. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $903.18, a PE ratio of 22.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.27.

Several large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership purchased a new stake in shares of FormFactor in the 4th quarter valued at about $3,763,000. Systematic Financial Management LP raised its holdings in shares of FormFactor by 194.8% in the 4th quarter. Systematic Financial Management LP now owns 126,720 shares of the semiconductor company’s stock valued at $1,983,000 after acquiring an additional 83,730 shares in the last quarter. BlackRock Inc. raised its holdings in shares of FormFactor by 1.2% in the 4th quarter. BlackRock Inc. now owns 4,682,016 shares of the semiconductor company’s stock valued at $73,273,000 after acquiring an additional 54,625 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of FormFactor during the 4th quarter valued at about $415,000. Finally, Wells Fargo & Company MN raised its holdings in shares of FormFactor by 34.3% during the 4th quarter. Wells Fargo & Company MN now owns 316,044 shares of the semiconductor company’s stock valued at $4,946,000 after buying an additional 80,740 shares in the last quarter. 83.20% of the stock is currently owned by hedge funds and other institutional investors.

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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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