Reinhart Partners LLC. Sells 9,414 Shares of FormFactor, Inc. (NASDAQ:FORM)

Reinhart Partners LLC. lowered its stake in FormFactor, Inc. (NASDAQ:FORMFree Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 735,885 shares of the semiconductor company’s stock after selling 9,414 shares during the quarter. Reinhart Partners LLC. owned about 0.95% of FormFactor worth $33,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank grew its position in shares of FormFactor by 1.0% during the third quarter. Swiss National Bank now owns 169,600 shares of the semiconductor company’s stock worth $5,926,000 after purchasing an additional 1,700 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of FormFactor during the third quarter worth about $243,000. Charles Schwab Investment Management Inc. grew its position in shares of FormFactor by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 815,716 shares of the semiconductor company’s stock worth $28,501,000 after purchasing an additional 45,248 shares in the last quarter. HighTower Advisors LLC grew its position in shares of FormFactor by 3.1% during the third quarter. HighTower Advisors LLC now owns 19,643 shares of the semiconductor company’s stock worth $684,000 after purchasing an additional 582 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of FormFactor by 4.1% during the third quarter. Deutsche Bank AG now owns 99,620 shares of the semiconductor company’s stock worth $3,481,000 after purchasing an additional 3,945 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

FormFactor Trading Up 2.5 %

Shares of FormFactor stock traded up $1.44 on Tuesday, reaching $59.98. The company had a trading volume of 490,510 shares, compared to its average volume of 501,908. FormFactor, Inc. has a 1 year low of $29.50 and a 1 year high of $61.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.51 and a quick ratio of 3.67. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 45.44 and a beta of 1.11. The firm’s 50-day moving average price is $51.88 and its two-hundred day moving average price is $45.14.

FormFactor (NASDAQ:FORMGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). FormFactor had a return on equity of 2.29% and a net margin of 15.48%. The business had revenue of $168.73 million for the quarter, compared to the consensus estimate of $165.45 million. As a group, research analysts predict that FormFactor, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on FORM. Stifel Nicolaus raised their price target on FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. TD Cowen raised their price target on FormFactor from $37.00 to $48.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Evercore ISI began coverage on FormFactor in a report on Tuesday, April 16th. They set an “in-line” rating and a $50.00 price target for the company. Needham & Company LLC raised their price target on FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, B. Riley raised their price target on FormFactor from $54.00 to $65.00 and gave the company a “buy” rating in a report on Friday, May 17th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.40.

Check Out Our Latest Report on FORM

Insider Buying and Selling

In other FormFactor news, Director Brian C. White sold 3,290 shares of FormFactor stock in a transaction on Monday, May 20th. The stock was sold at an average price of $57.00, for a total transaction of $187,530.00. Following the completion of the sale, the director now directly owns 11,828 shares of the company’s stock, valued at approximately $674,196. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other FormFactor news, Director Brian C. White sold 3,290 shares of FormFactor stock in a transaction on Monday, May 20th. The stock was sold at an average price of $57.00, for a total transaction of $187,530.00. Following the completion of the sale, the director now directly owns 11,828 shares of the company’s stock, valued at approximately $674,196. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sheri Rhodes sold 13,319 shares of FormFactor stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total value of $746,130.38. Following the sale, the director now directly owns 7,634 shares of the company’s stock, valued at $427,656.68. The disclosure for this sale can be found here. In the last three months, insiders sold 37,536 shares of company stock valued at $2,023,154. Insiders own 0.96% of the company’s stock.

FormFactor Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for FormFactor (NASDAQ:FORM)

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