FormFactor (FORM) to Release Quarterly Earnings on Wednesday

FormFactor (NASDAQ:FORM - Get Free Report) is expected to post its quarterly earnings results 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 wish to listen to the company's conference call can do so using this link.

FormFactor Stock Up 0.6 %

FormFactor stock traded up $0.22 during mid-day trading on Friday, hitting $40.05. 808,408 shares of the company's stock were exchanged, compared to its average volume of 685,546. FormFactor has a 1-year low of $37.25 and a 1-year high of $63.63. The stock has a 50 day moving average of $43.00 and a two-hundred day moving average of $44.69. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.10 billion, a P/E ratio of 23.02 and a beta of 1.08.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FORM. TD Cowen lowered their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their price target for the company from $44.00 to $51.00 in a report on Monday, January 6th. Finally, Needham & Company LLC cut shares of FormFactor from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, FormFactor presently has a consensus rating of "Hold" and an average price target of $56.00.

Insider Activity

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $44.44, for a total value of $177,760.00. Following the completion of the transaction, the chief executive officer now owns 522,531 shares of the company's stock, valued at $23,221,277.64. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is owned by company insiders.

FormFactor Company Profile

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.