Connor Clark & Lunn Investment Management Ltd. grew its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 about 0.13% of FormFactor worth $4,281,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its holdings in shares of FormFactor by 27.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 27,428 shares of the semiconductor company's stock valued at $1,207,000 after acquiring an additional 5,988 shares during the period. Channing Capital Management LLC boosted its holdings in shares of FormFactor by 10.3% during the fourth quarter. Channing Capital Management LLC now owns 1,527,851 shares of the semiconductor company's stock valued at $67,225,000 after acquiring an additional 142,776 shares during the period. Moran Wealth Management LLC boosted its holdings in shares of FormFactor by 13.7% during the fourth quarter. Moran Wealth Management LLC now owns 11,317 shares of the semiconductor company's stock valued at $498,000 after acquiring an additional 1,362 shares during the period. Amundi boosted its holdings in shares of FormFactor by 186.7% during the fourth quarter. Amundi now owns 39,058 shares of the semiconductor company's stock valued at $1,723,000 after acquiring an additional 25,434 shares during the period. Finally, Inceptionr LLC boosted its holdings in shares of FormFactor by 118.9% during the fourth quarter. Inceptionr LLC now owns 11,468 shares of the semiconductor company's stock valued at $505,000 after acquiring an additional 6,229 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
Insider Activity at FormFactor
In related news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction that occurred 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 owns 518,531 shares of the company's stock, valued at approximately $20,212,338.38. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages recently weighed in on FORM. Evercore ISI cut their price objective on shares of FormFactor from $50.00 to $43.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. B. Riley cut shares of FormFactor from a "buy" rating to a "neutral" rating and cut their price objective for the company from $64.00 to $34.00 in a research note on Thursday, February 6th. Citigroup upgraded shares of FormFactor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $51.00 in a research note on Monday, January 6th. Stifel Nicolaus dropped 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of FormFactor in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, FormFactor presently has an average rating of "Hold" and an average price target of $48.50.
Check Out Our Latest Report on FormFactor
FormFactor Stock Up 0.2 %
NASDAQ:FORM traded up $0.05 on Tuesday, hitting $32.70. 236,262 shares of the company's stock traded hands, compared to its average volume of 685,346. The company has a current ratio of 4.61, a quick ratio of 3.83 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 1 year low of $30.22 and a 1 year high of $63.63. The firm 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 $2.54 billion, a PE ratio of 36.66 and a beta of 1.07.
FormFactor (NASDAQ:FORM - Get Free Report) last released its earnings results 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%. Equities analysts anticipate that FormFactor, Inc. will post 0.9 EPS for the current fiscal year.
FormFactor Profile
(
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.
See Also
Before you consider FormFactor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FormFactor wasn't on the list.
While FormFactor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
