FormFactor (NASDAQ:FORM) released its earnings results on Thursday. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05, MarketWatch Earnings reports. FormFactor had a return on equity of 13.09% and a net margin of 9.92%. The business had revenue of $157.82 million during the quarter, compared to the consensus estimate of $159.00 million. FormFactor updated its Q3 2020
After-Hours guidance to 0.30-0.38 EPS and its Q3 guidance to $0.30 to $0.38 EPS.
NASDAQ:FORM opened at $28.84 on Friday. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 35.60 and a beta of 1.40. FormFactor has a 52-week low of $16.25 and a 52-week high of $33.07. The stock has a fifty day moving average of $29.82 and a 200 day moving average of $25.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.96 and a current ratio of 3.63.
In other FormFactor news, Director Dennis Thomas St sold 6,000 shares of FormFactor stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $24.78, for a total transaction of $148,680.00. Following the completion of the sale, the director now owns 30,000 shares of the company’s stock, valued at $743,400. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mike Slessor sold 25,000 shares of FormFactor stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $24.60, for a total value of $615,000.00. Following the sale, the chief executive officer now directly owns 345,767 shares of the company’s stock, valued at approximately $8,505,868.20. The disclosure for this sale can be found here. Insiders have sold 42,121 shares of company stock valued at $1,061,110 in the last three months. 1.22% of the stock is owned by corporate insiders.
FormFactor Company Profile
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and 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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