FormFactor (NASDAQ:FORM) posted its earnings results on Wednesday. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05, MarketWatch Earnings reports. FormFactor had a return on equity of 12.19% and a net margin of 19.64%. The company had revenue of $140.90 million for the quarter, compared to the consensus estimate of $135.93 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. FormFactor’s revenue was up 6.8% on a year-over-year basis. FormFactor updated its Q1 2019 guidance to $0.15-0.21 EPS and its Q1 guidance to $0.15-0.21 EPS.
FORM traded up $0.01 during midday trading on Friday, reaching $15.26. The company had a trading volume of 320,899 shares, compared to its average volume of 426,207. The company has a quick ratio of 2.35, a current ratio of 3.13 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.37 and a beta of 1.66. FormFactor has a 1 year low of $11.10 and a 1 year high of $16.83.
A number of institutional investors and hedge funds have recently modified their holdings of FORM. Csenge Advisory Group purchased a new stake in FormFactor in the third quarter worth about $25,000. Oregon Public Employees Retirement Fund purchased a new stake in FormFactor in the fourth quarter worth about $28,000. PNC Financial Services Group Inc. increased its position in FormFactor by 22.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,120 shares of the semiconductor company’s stock worth $72,000 after buying an additional 924 shares in the last quarter. First Quadrant L P CA purchased a new stake in FormFactor in the fourth quarter worth about $90,000. Finally, Pacer Advisors Inc. increased its position in FormFactor by 162.3% in the third quarter. Pacer Advisors Inc. now owns 9,680 shares of the semiconductor company’s stock worth $133,000 after buying an additional 5,990 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.
FormFactor Company Profile
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.
Further Reading: Liquidity
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