Channing Capital Management LLC raised its stake in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,527,851 shares of the semiconductor company's stock after purchasing an additional 142,776 shares during the quarter. FormFactor comprises about 1.8% of Channing Capital Management LLC's investment portfolio, making the stock its 28th biggest position. Channing Capital Management LLC owned 1.97% of FormFactor worth $67,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in FormFactor by 99.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 309 shares during the period. Quarry LP boosted its stake in shares of FormFactor by 131.7% in the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 523 shares during the period. Manchester Capital Management LLC grew its holdings in FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 440 shares in the last quarter. IFP Advisors Inc grew its holdings in FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after purchasing an additional 1,609 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in FormFactor by 146.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock worth $90,000 after buying an additional 1,181 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and raised their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Stifel Nicolaus reduced their price target on FormFactor from $48.00 to $42.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Evercore ISI dropped their price objective on FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research note on Thursday, February 6th. Finally, B. Riley downgraded shares of FormFactor from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $48.50.
Get Our Latest Analysis on FORM
FormFactor Stock Performance
Shares of FormFactor stock traded up $1.42 during trading hours on Friday, reaching $32.00. The company's stock had a trading volume of 611,746 shares, compared to its average volume of 890,288. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. FormFactor, Inc. has a one year low of $30.22 and a one year high of $63.63. The company's 50 day simple moving average is $38.52 and its 200 day simple moving average is $41.82. The stock has a market cap of $2.48 billion, a P/E ratio of 35.96 and a beta of 1.07.
FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). FormFactor had a return on equity of 5.93% and a net margin of 9.12%. As a group, analysts expect that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.
Insider Activity at FormFactor
In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total value of $155,920.00. Following the sale, the chief executive officer now directly owns 518,531 shares in the company, valued at approximately $20,212,338.38. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.96% of the company's stock.
About FormFactor
(
Free Report)
FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.
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