Channing Capital Management LLC Buys 142,776 Shares of FormFactor, Inc. (NASDAQ:FORM)

Channing Capital Management LLC lifted its stake in FormFactor, Inc. (NASDAQ:FORM) by 10.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,527,851 shares of the semiconductor company’s stock after acquiring an additional 142,776 shares during the period. FormFactor accounts for about 1.8% of Channing Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Channing Capital Management LLC owned approximately 1.97% of FormFactor worth $67,225,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FORM. Moran Wealth Management LLC grew its holdings in 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 purchasing an additional 1,362 shares during the last quarter. Amundi grew its stake in FormFactor by 186.7% in the 4th quarter. Amundi now owns 39,058 shares of the semiconductor company’s stock valued at $1,723,000 after buying an additional 25,434 shares during the last quarter. Inceptionr LLC grew its stake in FormFactor by 118.9% in the 4th quarter. Inceptionr LLC now owns 11,468 shares of the semiconductor company’s stock valued at $505,000 after buying an additional 6,229 shares during the last quarter. Raymond James Financial Inc. bought a new position in FormFactor in the 4th quarter worth $14,222,000. Finally, Proficio Capital Partners LLC acquired a new position in FormFactor during the 4th quarter worth $1,123,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FormFactor Stock Down 0.4 %

Shares of FORM stock opened at $32.86 on Tuesday. The stock has a market cap of $2.55 billion, a P/E ratio of 36.92 and a beta of 1.07. FormFactor, Inc. has a one year low of $30.97 and a one year high of $63.63. The stock has a fifty day moving average price of $39.05 and a 200 day moving average price of $42.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). FormFactor had a net margin of 9.12% and a return on equity of 5.93%. Analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In other FormFactor 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 $20,212,338.38. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

FORM has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on FormFactor from $48.00 to $42.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of FormFactor in a report on Thursday, February 6th. B. Riley lowered FormFactor from a “buy” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $34.00 in a report on Thursday, February 6th. Evercore ISI lowered 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. Finally, Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $51.00 in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.50.

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.