FormFactor (NASDAQ:FORM) released its earnings results on Thursday. The semiconductor company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05, MarketWatch Earnings reports. FormFactor had a net margin of 9.92% and a return on equity of 13.09%. The company had revenue of $157.82 million for the quarter, compared to analyst estimates 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.
Shares of NASDAQ:FORM traded down $2.01 on Friday, hitting $28.84. The company had a trading volume of 1,404,313 shares, compared to its average volume of 547,393. The firm’s 50-day simple moving average is $29.82 and its two-hundred day simple moving average is $25.14. FormFactor has a 1 year low of $16.25 and a 1 year high of $33.07. The company has a quick ratio of 2.96, a current ratio of 3.63 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 35.60 and a beta of 1.40.
In other news, CFO Shai Shahar sold 5,111 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $24.87, for a total value of $127,110.57. Following the completion of the sale, the chief financial officer now directly owns 17,216 shares of the company’s stock, valued at approximately $428,161.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sheri Rhodes sold 2,010 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $31.90, for a total transaction of $64,119.00. Following the completion of the sale, the director now directly owns 2,009 shares of the company’s stock, valued at $64,087.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,121 shares of company stock valued at $1,061,110. Corporate insiders own 1.22% of the company’s stock.
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.
Recommended Story: How much can an individual set aside as a catch-up contribution?
Receive News & Ratings for FormFactor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FormFactor and related companies with MarketBeat.com's FREE daily email newsletter.