Reinhart Partners LLC. Has $87.59 Million Stake in FormFactor, Inc. $FORM

Reinhart Partners LLC. lifted its stake in FormFactor, Inc. (NASDAQ:FORM) by 26.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,404,854 shares of the semiconductor company’s stock after acquiring an additional 500,156 shares during the period. FormFactor accounts for about 2.8% of Reinhart Partners LLC.’s investment portfolio, making the stock its 13th largest position. Reinhart Partners LLC. owned approximately 3.12% of FormFactor worth $87,585,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D boosted its stake in FormFactor by 9.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 61,190 shares of the semiconductor company’s stock valued at $2,106,000 after purchasing an additional 5,295 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of FormFactor during the second quarter worth approximately $583,000. Bessemer Group Inc. boosted its position in shares of FormFactor by 25.0% in the second quarter. Bessemer Group Inc. now owns 431,321 shares of the semiconductor company’s stock valued at $14,841,000 after acquiring an additional 86,277 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of FormFactor in the second quarter worth $4,715,000. Finally, Atria Investments Inc bought a new position in FormFactor during the second quarter worth $218,000. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at FormFactor

In other news, CEO Mike Slessor sold 13,088 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $76.81, for a total value of $1,005,289.28. Following the sale, the chief executive officer owned 472,907 shares of the company’s stock, valued at approximately $36,323,986.67. This represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Thomas St sold 2,000 shares of FormFactor stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $49.85, for a total transaction of $99,700.00. Following the transaction, the director directly owned 38,957 shares of the company’s stock, valued at $1,942,006.45. This represents a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,466 shares of company stock worth $4,683,377 over the last three months. Company insiders own 0.90% of the company’s stock.

FormFactor News Roundup

Here are the key news stories impacting FormFactor this week:

• Positive Sentiment: Zacks Research raised multiple near-term EPS estimates and the firm’s FY outlook for FORM, and upgraded the stock to a “Strong-Buy” — Zacks bumped FY2026 EPS to $0.95 (from $0.88) and raised Q1/Q2/Q3 and FY2027 quarter estimates, signaling improving analyst confidence in the company’s near-term profitability. Zacks Research Note
• Positive Sentiment: Other recent analyst actions (upgrades/raised targets from firms including Citi, B. Riley and Stifel) and a skew of buy/hold ratings have supported momentum and likely contributed to buying interest. MarketBeat Analyst Coverage
• Neutral Sentiment: FormFactor confirmed its fiscal Q4 2025 earnings release and webcast for Feb. 4, 2026 — an event that will be a near-term catalyst (could drive further moves depending on results and guidance). Earnings Date Notice
• Neutral Sentiment: Media coverage highlighting why FORM is “soaring” today is amplifying attention; that can attract momentum traders but may not reflect fundamentals until results or guidance confirm the upgrade-driven expectations. MSN Coverage
• Negative Sentiment: CEO Mike Slessor sold 13,088 shares on Jan. 15 (part of a series of recent insider sales), which investors may view as a mild negative signal on insider conviction despite his remaining large holding. SEC filing: SEC Form 4

FormFactor Trading Up 4.0%

Shares of FORM opened at $78.31 on Friday. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $78.56. The company has a current ratio of 4.30, a quick ratio of 3.46 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $57.83 and a 200-day simple moving average of $43.55. The stock has a market cap of $6.07 billion, a PE ratio of 150.60 and a beta of 1.12.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Cowen reissued a “hold” rating on shares of FormFactor in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of FormFactor in a research report on Wednesday, October 8th. Wall Street Zen upgraded FormFactor from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. TD Cowen raised their price objective on FormFactor from $35.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, B. Riley restated a “buy” rating on shares of FormFactor in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, FormFactor has a consensus rating of “Moderate Buy” and an average target price of $59.88.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.