Reinhart Partners LLC. Purchases 749,088 Shares of FormFactor, Inc. $FORM

Key Points

• Reinhart Partners LLC increased its holdings in FormFactor, Inc. by 64.8% during the second quarter, purchasing an additional 749,088 shares, and now owns approximately 2.47% of the company's total shares.
• FormFactor recently reported $0.27 EPS for the last quarter, missing the consensus estimate by $0.03, and its revenue showed a decrease of 0.8% year-over-year.
• Several analysts have lowered their price targets for FormFactor, with Stifel Nicolaus setting a new target of $31.00 while maintaining a "hold" rating for the stock.

Reinhart Partners LLC. grew its holdings in FormFactor, Inc. (NASDAQ:FORM - Free Report) by 64.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,904,698 shares of the semiconductor company's stock after acquiring an additional 749,088 shares during the quarter. FormFactor accounts for approximately 2.2% of Reinhart Partners LLC.'s investment portfolio, making the stock its 20th biggest position. Reinhart Partners LLC. owned about 2.47% of FormFactor worth $65,541,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of FormFactor in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in FormFactor by 282.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 741 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 547 shares during the period. AlphaQuest LLC lifted its position in FormFactor by 96,900.0% during the first quarter. AlphaQuest LLC now owns 970 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 969 shares during the period. Versant Capital Management Inc lifted its position in FormFactor by 256.3% during the first quarter. Versant Capital Management Inc now owns 1,197 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 861 shares during the period. Finally, Headlands Technologies LLC bought a new stake in FormFactor during the first quarter worth about $42,000. Institutional investors own 98.76% of the company's stock.

Insider Buying and Selling

In related news, Director Kelley Steven-Waiss sold 3,600 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $30.43, for a total value of $109,548.00. Following the transaction, the director directly owned 35,479 shares in the company, valued at $1,079,625.97. This trade represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rebeca Obregon-Jimenez sold 4,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total value of $118,200.00. Following the completion of the transaction, the director owned 13,126 shares in the company, valued at approximately $387,873.30. This represents a 23.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

FormFactor Trading Down 2.2%

FORM stock traded down $0.81 during trading on Friday, hitting $35.23. The company had a trading volume of 1,900,212 shares, compared to its average volume of 626,402. The business has a 50-day moving average of $30.98 and a 200-day moving average of $30.97. FormFactor, Inc. has a one year low of $22.58 and a one year high of $50.79. The stock has a market cap of $2.72 billion, a PE ratio of 62.91 and a beta of 1.24. The company has a current ratio of 4.24, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $190.17 million. FormFactor had a return on equity of 5.57% and a net margin of 5.75%.FormFactor's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. Research analysts predict that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FORM has been the subject of several recent analyst reports. Citigroup reaffirmed a "neutral" rating and set a $31.00 price objective (down previously from $36.00) on shares of FormFactor in a research report on Thursday, August 21st. Wall Street Zen raised shares of FormFactor from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Stifel Nicolaus cut their price objective on shares of FormFactor from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, FormFactor presently has a consensus rating of "Hold" and an average price target of $38.29.

About FormFactor

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.