Connor Clark & Lunn Investment Management Ltd. increased its position in FormFactor, Inc. (NASDAQ:FORM – Get Rating) by 628.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,947 shares of the semiconductor company’s stock after buying an additional 72,421 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of FormFactor worth $1,866,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Lord Abbett & CO. LLC lifted its position in FormFactor by 447.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,006,365 shares of the semiconductor company’s stock valued at $22,372,000 after acquiring an additional 822,642 shares in the last quarter. Reinhart Partners Inc. bought a new position in shares of FormFactor during the 4th quarter worth approximately $12,101,000. Victory Capital Management Inc. lifted its position in shares of FormFactor by 48.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,331,861 shares of the semiconductor company’s stock worth $29,607,000 after buying an additional 435,063 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of FormFactor during the 4th quarter worth approximately $6,899,000. Finally, Two Sigma Investments LP lifted its position in shares of FormFactor by 3,355.0% during the 3rd quarter. Two Sigma Investments LP now owns 259,261 shares of the semiconductor company’s stock worth $6,494,000 after buying an additional 251,757 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
FORM has been the topic of several recent analyst reports. Citigroup cut shares of FormFactor from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $25.00 to $33.00 in a research report on Monday, April 3rd. Cowen lifted their target price on shares of FormFactor from $25.00 to $32.00 and gave the stock a “market perform” rating in a research report on Thursday, February 9th. DA Davidson dropped their target price on shares of FormFactor from $36.00 to $32.00 in a research report on Thursday, May 4th. Northland Securities dropped their target price on shares of FormFactor from $35.00 to $32.00 in a research report on Thursday, May 4th. Finally, Needham & Company LLC lifted their price target on shares of FormFactor from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.22.
FormFactor Stock Up 5.7 %
Insider Activity at FormFactor
In related news, CFO Shai Shahar sold 4,759 shares of FormFactor stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $29.68, for a total value of $141,247.12. Following the completion of the transaction, the chief financial officer now directly owns 72,900 shares in the company, valued at approximately $2,163,672. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.03% of the stock is owned by company insiders.
FormFactor Company Profile
FormFactor, Inc engages in the provision of test and measurement solutions. It operates through the following business segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment consists of analytical probe solutions for on-wafer probing, board tests, and package tests.
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