Connor Clark & Lunn Investment Management Ltd. Purchases 60,388 Shares of FormFactor, Inc. $FORM

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 62.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,688 shares of the semiconductor company's stock after purchasing an additional 60,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.20% of FormFactor worth $4,461,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FORM. Public Employees Retirement System of Ohio acquired a new stake in FormFactor in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc raised its position in FormFactor by 256.3% in the 1st quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock valued at $34,000 after buying an additional 861 shares during the last quarter. Headlands Technologies LLC acquired a new stake in FormFactor in the 1st quarter valued at approximately $42,000. CWM LLC raised its position in FormFactor by 19.9% in the 1st quarter. CWM LLC now owns 2,303 shares of the semiconductor company's stock valued at $65,000 after buying an additional 382 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in FormFactor by 52.3% in the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the semiconductor company's stock valued at $149,000 after buying an additional 1,813 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

FormFactor Stock Performance

Shares of NASDAQ FORM traded up $0.23 during midday trading on Monday, hitting $28.93. 316,586 shares of the company's stock were exchanged, compared to its average volume of 829,553. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. FormFactor, Inc. has a 12 month low of $22.58 and a 12 month high of $51.68. The company's 50 day moving average price is $33.39 and its 200 day moving average price is $32.02. The firm has a market capitalization of $2.23 billion, a PE ratio of 51.74 and a beta of 1.16.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). FormFactor had a return on equity of 5.57% and a net margin of 5.75%. The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business's revenue was down .8% compared to the same quarter last year. As a group, analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $29.55, for a total value of $118,200.00. Following the sale, the director owned 13,126 shares of the company's stock, valued at $387,873.30. The trade was a 23.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $31.24, for a total transaction of $93,720.00. Following the transaction, the director owned 40,957 shares of the company's stock, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

FORM has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on FormFactor from $34.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, July 31st. Wall Street Zen downgraded FormFactor from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. DA Davidson decreased their target price on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Evercore ISI decreased their target price on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Finally, Needham & Company LLC reissued a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.14.

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.