FormFactor, Inc. (NASDAQ:FORM) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in FormFactor, Inc. (NASDAQ:FORM) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.13% of FormFactor worth $4,281,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in shares of FormFactor by 99.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 620 shares of the semiconductor company’s stock worth $29,000 after buying an additional 309 shares during the period. Quarry LP raised its stake in shares of FormFactor by 131.7% during the 3rd quarter. Quarry LP now owns 920 shares of the semiconductor company’s stock worth $42,000 after buying an additional 523 shares during the period. Manchester Capital Management LLC raised its stake in shares of FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company’s stock worth $50,000 after buying an additional 440 shares during the period. IFP Advisors Inc raised its stake in shares of FormFactor by 4,732.4% during the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company’s stock worth $72,000 after buying an additional 1,609 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of 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. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on FORM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a research note on Thursday, February 6th. B. Riley cut FormFactor from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $64.00 to $34.00 in a research report on Thursday, February 6th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Evercore ISI dropped their price target on FormFactor from $50.00 to $43.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price target on FormFactor from $48.00 to $42.00 and set a “hold” rating for the company 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.50.

FormFactor Stock Up 4.6 %

Shares of NASDAQ:FORM opened at $32.00 on Monday. The company has a quick ratio of 3.83, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $38.00 and a two-hundred day moving average of $41.51. The stock has a market cap of $2.48 billion, a P/E ratio of 35.96 and a beta of 1.07. FormFactor, Inc. has a 52-week low of $30.22 and a 52-week high of $63.63.

FormFactor (NASDAQ:FORM) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share 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%. On average, research analysts expect that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.98, for a total transaction of $155,920.00. Following the completion of the transaction, the chief executive officer now directly owns 518,531 shares in the company, valued at approximately $20,212,338.38. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.96% of the company’s stock.

FormFactor Profile

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.