..$FormFactor(FORM.US)$up 14% on earnings. I wrote a small-caps piece at TheStreet PRO (where I'm published) suggesting a purchase ahead of earnings and a sale at this level. While that article looks sharp now, should the stock test the rising upper trendline and survive, this could turn the $50 level from resistance into a pivot and add fuel for a further breakout.
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Edgardo Roman :
Sounds to me like I'm gonna have to "Invest with Sarge" for real.
Steven J :
Sold mine around 46 a month ago I was hoping for a bad print and that didn’t happen. I will wait for the next earnings to see if the opportunity presents itself again. I think you should pay attention on Rambus $Rambus (RMBS.US)$ , especially with thier new DDR5 businesswire.co... and also Lattice $莱迪思半导体 (LSCC.US)$
Tom St. Dennis, Chairperson of the Board, welcomes Brewer's appointment, highlighting his strong finance and operations background as valuable for FormFactor's financial goals.
The recent sales by the CFO, even below the current price, could indicate that insiders believe the shares are fully valued. The absence of insider purchases over the last year and low insider ownership make the company a cautious investment choice.
Despite the strong earnings report, there are concerns that FormFactor's underlying earnings power may be lower than its statutory profit due to the significant contribution from unusual items. The company's future profitability is also a point of interest for analysts.
Analysts are more bearish after recent results, with a significant cut to EPS estimates. However, the unchanged consensus price target implies lower forecast earnings won't lead to a lower stock price. FormFactor's revenue growth is expected to lag behind the industry.
Despite mixed Q3 results, semiconductor manufacturing stocks have outperformed other growth stocks, with an average share price increase of 20.7% since the last earnings report. The industry's growth is driven by demand for advanced electronics and technologies like AI, 5G, and smart cars.
FormFactor trades at an industry-comparable P/S ratio despite declining revenues and a subdued outlook, suggesting investor optimism. Yet, predicted future revenues might not sustain the current P/S ratio, raising risks for shareholders and investors.
Extensive insider selling without offsetting purchases in the past three months leads to caution. Insider ownership isn't particularly high, suggesting moderate alignment between management and small shareholders. The stock isn't deemed an immediate buy priority.
Though a dip in EPS may be worrying, continued revenue growth paints an optimistic image, indicating focus perhaps being more on revenue growth than EPS. The uptick in shareholder return hints at positivity around the company and possible business momentum.
Edgardo Roman : Sounds to me like I'm gonna have to "Invest with Sarge" for real.
Steven J : Sold mine around 46 a month ago I was hoping for a bad print and that didn’t happen. I will wait for the next earnings to see if the opportunity presents itself again. I think you should pay attention on Rambus $Rambus (RMBS.US)$ , especially with thier new DDR5 businesswire.co... and also Lattice $莱迪思半导体 (LSCC.US)$