Reinhart Partners LLC. Acquires 19,745 Shares of FormFactor, Inc. $FORM

Key Points

• Reinhart Partners increased its FormFactor stake by 3.1%, purchasing 19,745 shares to own 659,667 shares worth approximately $98.5 million. Institutional investors collectively own 98.76% of the company.
• Analysts maintain a generally positive outlook, with FormFactor holding a consensus “Moderate Buy” rating and an average price target of $133.50; targets cited in the report include $150 and $200.
• FormFactor reported strong quarterly results, posting $0.82 EPS versus the $0.61 estimate and revenue of $258.24 million, up 31.9% year over year. Meanwhile, company insiders sold 35,612 shares valued at about $4.13 million during the latest quarter.

Reinhart Partners LLC. boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 659,667 shares of the semiconductor company's stock after buying an additional 19,745 shares during the period. FormFactor makes up about 2.4% of Reinhart Partners LLC.'s portfolio, making the stock its 16th largest position. Reinhart Partners LLC. owned approximately 0.85% of FormFactor worth $98,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new position in FormFactor in the 2nd quarter valued at about $25,000. Persistent Asset Partners Ltd purchased a new position in shares of FormFactor during the second quarter valued at approximately $43,000. Allworth Financial LP bought a new stake in FormFactor during the second quarter worth $72,000. USA Financial Formulas purchased a new position in FormFactor during the first quarter worth about $46,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in FormFactor in the 2nd quarter valued at about $172,000. 98.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FORM shares. Wall Street Zen downgraded FormFactor from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Cantor Fitzgerald reiterated an "overweight" rating on shares of FormFactor in a report on Tuesday, September 22nd. Evercore set a $150.00 price objective on FormFactor in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft initiated coverage on FormFactor in a research note on Wednesday, September 30th. They issued a "buy" rating and a $200.00 price objective for the company. Finally, Weiss Ratings lowered FormFactor from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $133.50.

FormFactor Trading Up 1.9%

NASDAQ:FORM opened at $139.67 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 has a market capitalization of $10.89 billion, a PE ratio of 95.66 and a beta of 1.18. The firm's 50 day moving average is $119.75 and its 200 day moving average is $122.90. FormFactor, Inc. has a 12 month low of $37.95 and a 12 month high of $160.27.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. The business had revenue of $258.24 million for the quarter, compared to the consensus estimate of $240.00 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. FormFactor's revenue for the quarter was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts expect that FormFactor, Inc. will post 2.67 earnings per share for the current year.

Insider Buying and Selling at FormFactor

In related news, Director Kelley Steven-Waiss sold 2,100 shares of FormFactor stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total value of $201,810.00. Following the completion of the sale, the director owned 24,426 shares of the company's stock, valued at approximately $2,347,338.60. This trade represents a 7.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Slessor sold 17,510 shares of the business's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $104.73, for a total value of $1,833,822.30. Following the completion of the sale, the chief executive officer owned 466,694 shares in the company, valued at $48,876,862.62. This represents a 3.62% 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 have sold a total of 35,612 shares of company stock valued at $4,131,094 in the last quarter. 0.79% of the stock is owned by corporate insiders.

FormFactor Company Profile

FormFactor, Inc develops and manufactures semiconductor test and measurement products used throughout the integrated-circuit manufacturing process. Its technologies help chip manufacturers and semiconductor companies evaluate the electrical performance, reliability and quality of wafers and individual devices before and during production.

The company's offerings include advanced wafer probe cards, probe card assemblies, semiconductor test systems, engineering probe stations and related accessories and services.

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