FormFactor (FORM) to Release Quarterly Earnings on Wednesday

FormFactor (NASDAQ:FORM) is expected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $190.12 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

FormFactor Price Performance

NASDAQ:FORM opened at $40.05 on Monday. FormFactor has a 12-month low of $37.25 and a 12-month high of $63.63. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 23.02 and a beta of 1.08. The company’s 50-day moving average is $43.00 and its two-hundred day moving average is $44.60. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

Insider Activity

In related news, CEO Mike Slessor sold 4,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $40.59, for a total transaction of $162,360.00. Following the transaction, the chief executive officer now directly owns 526,531 shares in the company, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FORM shares. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $51.00 in a report on Monday, January 6th. TD Cowen cut their price target on shares of FormFactor from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC downgraded FormFactor from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.00.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.