FormFactor Inc. (FORM): Detailed Summary on Technology Stock

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FormFactor Inc. (NASDAQ:FORM) changes shares on Monday trading session, with a change of 6.47% or $1.63 shares. The trading starts at $25.85 and closed at $25.18 throughout the day. The trading session low price was $25.43 and day high was $27.34 on Monday, June 15. After the session, the Technology sector daily volume shifted to 1.09 million while its average volume is 580.83K. In other hand, the FORM market cap reached to $2.02B. While, its current target price is $26.81 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.58% and up 11.99% for month. Its quarterly performance was 59.20% above, while its half year performance is up 7.37%. FORM yearly performance stood at positive 84.77% and rise 3.23% for year-to-date. Current recommendation for FormFactor Inc. is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. FORM EPS (TTM) for 12-month is 0.64. EPS for this year is -63.20%, while for the next year its value is 1.22. Sales growth for the current quarter is 2.10 while its EPS Q/Q reached 180.60%. It has an EPS of 28.40% up for past five years and for the next five years will be up 20.00%.

Let’s take a look on the analyst recommendations on FORM for the current month and previous month. For the current month, 5 of 8 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 8 analysts participate in stock recommendation. Out of 8, 0 rated it sell, 4 rated it as Buy and 4 as Hold Ratings. On the other hand, target price ranges from $24.00-$33.00. Average target price for FORM was reached at $28.71.

Blackrock Inc., Vanguard Group, Inc. (The) and Wellington Management Company, LLP are the top three holders in FormFactor Inc. (FORM) stock. On Mar 30, 2020, Blackrock Inc. has 11.88 million shares which valued 238.68 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 8.17 million shares which valued at 164.05 million. On Mar 30, 2020, Wellington Management Company, LLP has a total of 5.32 million shares which valued at 106.84 million. In the end, Wellington Management Company, LLP have 6.98% shares outstanding of FormFactor Inc. (FORM) on Mar 30, 2020. The insider ownership moved to 0.70% and institutional holding shifted to 96.00%.

The company posted an EPS (TTM) of 0.64. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 0.23, while 0.21 EPS posted a year ago period. Analyst Estimated EPS for FORM published in the report was 0.18-0.27 during the same period. Comparing with last year, the average estimated EPS was 0.21 which is lower than 0.33 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for FORM rise 17.81% for period of 200 days. SMA for 50 days was 13.04% which is showing green signal, while SMA-20 was 5.21%. The moving average value for FormFactor Inc. (FORM) is 23.93 and 24.83 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in FORM stock. On Jun 02, SLESSOR MIKE, CEO, sold 16,000 trading shares at the cost of $25.12, which valued at 0.4 million. On May 19, LINK RAYMOND A, Director, sold 4,000 shares at the cost of $24.33, with total shares of 56,602. On May 12, Shahar Shai, CFO, SVP Global Finance, sold 17,216 shares at the cost of 24.63. After this transaction, Shahar Shai total shares reached to 0 which valued at 0.42 million.