FormFactor (FORM) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.10. The company posted revenue of $83.10 million in the period, compared to analysts expectations of $77.99 million. The company’s revenue was up 55.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Many Wall Street Analysts have commented on FormFactor. Stifel Upgraded FormFactor on Aug 2, 2016 to ” Buy”, Price Target of the shares are set at $13.
FormFactor closed down -0.33 points or -3.41% at $9.35 with 5,49,780 shares getting traded on Friday. Post opening the session at $9.74, the shares hit an intraday low of $9.32 and an intraday high of $9.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 2, 2016, Mike Slessor (CEO) sold 3,401 shares at $7.33 per share price. According to the SEC, on Jun 2, 2016, Michael M Ludwig (SR VP, CFO) sold 3,692 shares at $7.33 per share price. On Nov 25, 2015, Richard Delateur (director) sold 16,000 shares at $8.60 per share price, according to the Form-4 filing with the securities and exchange commission.
FormFactor Inc. designs develops manufactures sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM Flash and SoCs products across the world. Semiconductor manufacturers use its probe cards to perform wafer test (also known as wafer sort) which is the testing of the semiconductor die or chips. Its products are based on its technologies including its micro-electromechanical systems (MEMS) technologies its automation systems its various product architectures and its design tools. The applications of these products include customer collaboration consumer integrated circuits (ICs) mobile ICs automative ICs computing ICs and publications. The Company operates under the brands FormFactor the FormFactor logo Apollo ATRE DC-Boost Matrix MicroProbe the MicroProbe logo MicroSpring Mx-FinePitch OneTouch QiLin RapidSoak SmartMatrix SMART Matrix 100 TouchMatrix Takumi and TrueScale Lite among others.