FormFactor, Inc. $FORM Stock: Reinhart Partners LLC. Boosts Position

by · The Markets Daily

Reinhart Partners LLC. lifted its stake in FormFactor, Inc. (NASDAQ:FORM – Free Report) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659,667 shares of the semiconductor company’s stock after acquiring an additional 19,745 shares during the period. FormFactor makes up about 2.4% of Reinhart Partners LLC.’s holdings, making the stock its 16th largest holding. Reinhart Partners LLC.’s holdings in FormFactor were worth $98,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in FORM. BlackRock Inc. bought a new stake in shares of FormFactor during the 2nd quarter valued at $1,676,772,000. Andar Capital Management HK Ltd bought a new position in FormFactor in the 2nd quarter worth about $27,000,000. Bank of America Corp DE purchased a new position in FormFactor during the 2nd quarter valued at about $285,257,000. Primecap Management Co. CA purchased a new position in FormFactor during the 2nd quarter valued at about $270,300,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of FormFactor during the second quarter valued at about $103,844,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of FormFactor in a report on Tuesday, September 22nd. Weiss Ratings lowered shares of FormFactor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Wall Street Zen cut shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Evercore set a $150.00 target price on shares of FormFactor in a research note on Thursday, July 30th. Finally, TD Cowen cut their price target on shares of FormFactor from $150.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $133.50.

Read Our Latest Analysis on FORM

FormFactor Stock Performance

Shares of FORM opened at $139.67 on Friday. The company has a market cap of $10.89 billion, a PE ratio of 95.66 and a beta of 1.18. 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 50-day moving average price of $119.75 and a 200-day moving average price of $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 issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.61 by $0.21. The company had revenue of $258.24 million during the quarter, compared to analyst estimates of $240.00 million. FormFactor had a return on equity of 13.44% and a net margin of 12.80%. FormFactor’s revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, equities analysts forecast that FormFactor, Inc. will post 2.67 earnings per share for the current fiscal year.

Insider Activity at FormFactor

In other FormFactor news, CEO Mike Slessor sold 17,510 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 466,694 shares of the company’s stock, valued at $48,876,862.62. The trade was a 3.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelley Steven-Waiss sold 2,100 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $96.10, for a total transaction of $201,810.00. Following the completion of the transaction, the director directly owned 24,426 shares in the company, valued at $2,347,338.60. The trade was a 7.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 35,612 shares of company stock valued at $4,131,094. 0.79% of the stock is currently owned by company insiders.

FormFactor Profile

(Free Report)

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.

Further Reading

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