Momentum Stock Watch: FormFactor, Inc. (FORM)

Company Profile:

FormFactor, Inc. (FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle –from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. The company was founded in 1993 and is headquartered in Livermore, California.

Recent News:

The company will report financial results for its 2018 fiscal fourth quarter on Wednesday, February 6, 2019, at 1:30 p.m.

On Oct. 31, 2018, the company announced its financial results for the third quarter of fiscal 2018 ended September 29, 2018. Quarterly revenues were $135.0 million, down 0.4% from $135.5 million reported in the second quarter of fiscal 2018, and down 6.1% from $143.7 million reported in the third quarter of fiscal 2017.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

FORM’s strengths can be seen in its better profitability and better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator and MACD. The RSI stands at 58.41 with positive bias. We rate FormFactor, Inc. (FORM) a STRONG BUY.