Reinhart Partners LLC. Has $102.34 Million Stock Position in FormFactor, Inc. $FORM

Reinhart Partners LLC. decreased its position in FormFactor, Inc. (NASDAQ:FORM) by 44.8% in the second quarter, HoldingsChannel reports. The firm owned 639,922 shares of the semiconductor company’s stock after selling 519,776 shares during the period. FormFactor accounts for about 2.3% of Reinhart Partners LLC.’s investment portfolio, making the stock its 21st biggest holding. Reinhart Partners LLC.’s holdings in FormFactor were worth $102,345,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new stake in shares of FormFactor during the fourth quarter worth $25,000. UMB Bank n.a. increased its position in FormFactor by 128.9% in the 4th quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the last quarter. Torren Management LLC purchased a new stake in shares of FormFactor during the 4th quarter worth about $41,000. Kestra Advisory Services LLC acquired a new stake in shares of FormFactor during the 4th quarter valued at about $53,000. Finally, Clearstead Advisors LLC grew its stake in shares of FormFactor by 58.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,050 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In other FormFactor news, Director Rebeca Obregon-Jimenez sold 3,828 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.47, for a total transaction of $484,127.16. Following the transaction, the director directly owned 7,875 shares in the company, valued at approximately $995,951.25. This represents a 32.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 11,890 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $121.35, for a total transaction of $1,442,851.50. Following the completion of the transaction, the chief executive officer owned 435,147 shares in the company, valued at $52,805,088.45. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,534 shares of company stock valued at $4,864,118 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on FORM. B. Riley Financial raised shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. Zacks Research cut FormFactor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Citigroup boosted their price objective on shares of FormFactor to $165.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Evercore set a $150.00 target price on shares of FormFactor in a report on Thursday, July 30th. Finally, Northland Securities set a $118.00 price objective on FormFactor in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.45.

FormFactor Stock Up 1.9%

NASDAQ FORM opened at $117.39 on Friday. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $122.52 and its two-hundred day moving average is $112.85. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 80.40 and a beta of 1.25. FormFactor, Inc. has a 1-year low of $27.00 and a 1-year high of $160.27.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.21. The business had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The firm’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Equities analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

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.