FormFactor (NASDAQ:FORM) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.23-0.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $132-140 million, compared to the consensus revenue estimate of $131.90 million.FormFactor also updated its Q4 2018 guidance to $0.23-0.29 EPS.
Several brokerages have issued reports on FORM. B. Riley dropped their target price on FormFactor from $19.00 to $18.00 and set a buy rating for the company in a research report on Monday, July 30th. BidaskClub upgraded FormFactor from a sell rating to a hold rating in a research report on Friday, October 19th. Zacks Investment Research upgraded FormFactor from a sell rating to a hold rating in a research report on Tuesday, July 3rd. ValuEngine upgraded FormFactor from a sell rating to a hold rating in a research report on Wednesday, October 17th. Finally, TheStreet upgraded FormFactor from a c+ rating to a b rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $17.38.
Shares of NASDAQ FORM traded up $0.19 during trading hours on Wednesday, reaching $12.24. The stock had a trading volume of 374,949 shares, compared to its average volume of 703,381. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.25 and a current ratio of 2.94. The firm has a market capitalization of $871.58 million, a price-to-earnings ratio of 12.24, a PEG ratio of 1.33 and a beta of 1.33. FormFactor has a 52-week low of $11.10 and a 52-week high of $18.65.
In related news, Director Michael W. Zellner sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $13.49, for a total value of $148,390.00. Following the completion of the sale, the director now owns 41,875 shares in the company, valued at $564,893.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Delateur sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $14.07, for a total value of $84,420.00. Following the completion of the sale, the director now owns 13,000 shares of the company’s stock, valued at approximately $182,910. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, and reliability test systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.
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