Q2 2018 EPS Estimates for FormFactor, Inc. Reduced by B. Riley (FORM)

FormFactor, Inc. (NASDAQ:FORM) – Equities researchers at B. Riley dropped their Q2 2018 earnings per share estimates for FormFactor in a research report issued to clients and investors on Thursday. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $0.22 per share for the quarter, down from their prior estimate of $0.25. B. Riley has a “Buy” rating and a $20.00 price target on the stock. B. Riley also issued estimates for FormFactor’s Q4 2018 earnings at $0.41 EPS.

Several other research analysts have also recently weighed in on the company. Citigroup lowered their target price on FormFactor from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. BidaskClub cut FormFactor from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut FormFactor from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Finally, Needham & Company LLC lowered their target price on FormFactor from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $18.00.

FormFactor (NASDAQ:FORM) opened at $12.45 on Monday. The firm has a market capitalization of $903.18, a P/E ratio of 22.64, a PEG ratio of 0.71 and a beta of 1.27. FormFactor has a twelve month low of $10.45 and a twelve month high of $18.65. The company has a current ratio of 3.16, a quick ratio of 2.45 and a debt-to-equity ratio of 0.20.

Institutional investors have recently modified their holdings of the company. Gotham Asset Management LLC acquired a new position in FormFactor in the second quarter valued at approximately $140,000. Advisor Group Inc. lifted its holdings in FormFactor by 105.4% in the third quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 4,909 shares during the last quarter. SG Americas Securities LLC acquired a new position in FormFactor in the third quarter valued at approximately $172,000. Thompson Davis & CO. Inc. acquired a new position in FormFactor in the fourth quarter valued at approximately $186,000. Finally, Csenge Advisory Group acquired a new position in FormFactor in the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 83.20% of the company’s stock.

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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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