FormFactor, Inc. (NASDAQ:FORM) Shares Acquired by Reinhart Partners LLC.

Reinhart Partners LLC. raised its position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 160.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,155,610 shares of the semiconductor company's stock after purchasing an additional 712,196 shares during the period. Reinhart Partners LLC. owned about 1.49% of FormFactor worth $32,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of FormFactor by 4,732.4% in the 4th quarter. IFP Advisors Inc now owns 1,643 shares of the semiconductor company's stock valued at $72,000 after acquiring an additional 1,609 shares during the period. Swiss National Bank increased its holdings in shares of FormFactor by 0.9% in the 4th quarter. Swiss National Bank now owns 152,200 shares of the semiconductor company's stock valued at $6,697,000 after acquiring an additional 1,400 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of FormFactor by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 920,441 shares of the semiconductor company's stock valued at $40,499,000 after acquiring an additional 34,338 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of FormFactor by 22.4% in the 4th quarter. Sanctuary Advisors LLC now owns 18,225 shares of the semiconductor company's stock valued at $802,000 after acquiring an additional 3,333 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of FormFactor in the 4th quarter valued at $1,123,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FORM has been the topic of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of FormFactor in a research note on Thursday, May 1st. B. Riley boosted their target price on FormFactor from $26.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Evercore ISI dropped their target price on FormFactor from $43.00 to $33.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Finally, DA Davidson dropped their target price on FormFactor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $42.71.

FormFactor Stock Performance

FormFactor stock traded up $1.03 during trading hours on Tuesday, hitting $35.20. 685,380 shares of the stock traded hands, compared to its average volume of 779,811. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.61 and a quick ratio of 3.83. The firm's 50 day moving average price is $29.30 and its 200-day moving average price is $35.33. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 39.55 and a beta of 1.13. FormFactor, Inc. has a 1 year low of $22.58 and a 1 year high of $63.63.

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

Insider Buying and Selling at FormFactor

In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $31.72, for a total transaction of $126,880.00. Following the sale, the chief executive officer now owns 510,650 shares in the company, valued at approximately $16,197,818. The trade was a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis Thomas St sold 3,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $31.24, for a total value of $93,720.00. Following the completion of the transaction, the director now directly owns 40,957 shares of the company's stock, valued at approximately $1,279,496.68. This trade represents a 6.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,000 shares of company stock worth $333,560. 0.90% of the stock is currently owned by insiders.

FormFactor Company 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.