Connor Clark & Lunn Investment Management Ltd. Acquires 46,488 Shares of FormFactor, Inc. (NASDAQ:FORM)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 129.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,465 shares of the semiconductor company's stock after buying an additional 46,488 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of FormFactor worth $3,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of FormFactor in the 1st quarter valued at about $123,000. Vanguard Group Inc. increased its holdings in shares of FormFactor by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,622,484 shares of the semiconductor company's stock valued at $439,074,000 after acquiring an additional 154,361 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of FormFactor by 29.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,998 shares of the semiconductor company's stock valued at $365,000 after acquiring an additional 1,811 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of FormFactor by 4.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 86,555 shares of the semiconductor company's stock worth $3,948,000 after purchasing an additional 3,664 shares during the period. Finally, LRI Investments LLC bought a new position in shares of FormFactor in the 1st quarter worth $70,000. 98.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Needham & Company LLC lowered their price objective on shares of FormFactor from $60.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. DA Davidson upped their target price on shares of FormFactor from $55.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. StockNews.com downgraded FormFactor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. Finally, TD Cowen decreased their price objective on FormFactor from $60.00 to $44.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, FormFactor currently has a consensus rating of "Hold" and an average price target of $55.38.

Insider Buying and Selling

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.28, for a total transaction of $181,120.00. Following the completion of the transaction, the chief executive officer now owns 530,276 shares in the company, valued at approximately $24,010,897.28. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Stock Performance

Shares of FORM traded up $0.55 on Friday, reaching $41.33. 501,223 shares of the company's stock traded hands, compared to its average volume of 810,795. The stock's 50 day simple moving average is $43.21 and its two-hundred day simple moving average is $49.90. The stock has a market cap of $3.20 billion, a PE ratio of 23.75 and a beta of 1.12. FormFactor, Inc. has a 52-week low of $36.11 and a 52-week high of $63.63. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

About FormFactor

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.