Reinhart Partners LLC. Has $32.69 Million Position in FormFactor, Inc. (NASDAQ:FORM)

Reinhart Partners LLC. boosted its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 160.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,155,610 shares of the semiconductor company's stock after purchasing an additional 712,196 shares during the quarter. Reinhart Partners LLC. owned about 1.49% of FormFactor worth $32,692,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FORM. Jennison Associates LLC grew its position in FormFactor by 41.9% in the 4th quarter. Jennison Associates LLC now owns 24,159 shares of the semiconductor company's stock valued at $1,063,000 after purchasing an additional 7,134 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in FormFactor by 91.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,722 shares of the semiconductor company's stock worth $11,396,000 after acquiring an additional 123,333 shares during the last quarter. Blue Trust Inc. boosted its holdings in FormFactor by 29.8% during the 4th quarter. Blue Trust Inc. now owns 7,874 shares of the semiconductor company's stock worth $346,000 after acquiring an additional 1,806 shares during the last quarter. Rhumbline Advisers boosted its holdings in FormFactor by 1.5% during the 4th quarter. Rhumbline Advisers now owns 212,071 shares of the semiconductor company's stock worth $9,331,000 after acquiring an additional 3,114 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in FormFactor by 63.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,130 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 440 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Activity at FormFactor

In related news, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $31.24, for a total value of $93,720.00. Following the sale, the director now directly owns 40,957 shares in the company, valued at approximately $1,279,496.68. The trade was a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $31.72, for a total value of $126,880.00. Following the completion of the sale, the chief executive officer now owns 510,650 shares in the company, valued at $16,197,818. This represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,000 shares of company stock worth $333,560. Company insiders own 0.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on FORM shares. B. Riley lifted their price objective on shares of FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of FormFactor in a report on Thursday, May 1st. DA Davidson cut their price objective on shares of FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Evercore ISI cut their price objective on shares of FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.71.

FormFactor Price Performance

Shares of NASDAQ:FORM opened at $32.17 on Friday. The company's 50-day moving average is $28.99 and its 200 day moving average is $35.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.83 and a current ratio of 4.61. The company has a market capitalization of $2.48 billion, a P/E ratio of 36.15 and a beta of 1.13. FormFactor, Inc. has a fifty-two week low of $22.58 and a fifty-two week high of $63.63.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The company had revenue of $171.36 million for the quarter, compared to the consensus estimate of $170.03 million. FormFactor had a net margin of 9.12% and a return on equity of 5.93%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, equities research analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current year.

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.

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