Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 18.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,300 shares of the semiconductor company's stock after acquiring an additional 14,835 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of FormFactor worth $4,281,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in FormFactor by 99.4% in the third quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 309 shares during the period. Quarry LP raised its position in shares of FormFactor by 131.7% during the third quarter. Quarry LP now owns 920 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 523 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of FormFactor by 63.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 440 shares during the period. IFP Advisors Inc boosted its holdings in FormFactor by 4,732.4% in the fourth quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 1,609 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in FormFactor by 146.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,986 shares of the semiconductor company's stock valued at $90,000 after purchasing an additional 1,181 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
FORM has been the topic of a number of recent analyst reports. Evercore ISI dropped their price target on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus cut their price target on shares of FormFactor from $48.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. B. Riley downgraded 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 report on Thursday, February 6th. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Finally, Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $51.00 in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $48.50.
View Our Latest Research Report on FORM
FormFactor Stock Up 2.0 %
Shares of NASDAQ:FORM traded up $0.65 during midday trading on Monday, hitting $32.65. 602,021 shares of the company's stock were exchanged, compared to its average volume of 684,790. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The stock has a 50 day moving average price of $37.73 and a 200-day moving average price of $41.39. The company has a market cap of $2.53 billion, a PE ratio of 36.69 and a beta of 1.07. FormFactor, Inc. has a 12 month low of $30.22 and a 12 month high of $63.63.
FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. On average, sell-side analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.
Insider Buying and Selling 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 completion of the sale, the chief executive officer now directly owns 518,531 shares of the company's stock, valued at $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 is available through this link. Company 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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