FormFactor (FORM) Expected to Announce Earnings on Wednesday

FormFactor (NASDAQ:FORM) is expected to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect FormFactor to post earnings of $0.29 per share and revenue of $190.12 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $37.90 on Wednesday. FormFactor has a twelve month low of $37.25 and a twelve month high of $63.63. The stock’s 50 day moving average is $43.05 and its 200-day moving average is $45.03. The company has a quick ratio of 3.94, a current ratio of 4.76 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.78 and a beta of 1.08.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of FormFactor stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $44.44, for a total value of $177,760.00. Following the sale, the chief executive officer now owns 522,531 shares of the company’s stock, valued at approximately $23,221,277.64. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FORM shares. Needham & Company LLC lowered shares of FormFactor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. TD Cowen cut their price target on FormFactor from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, Citigroup raised FormFactor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $51.00 in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.