FormFactor, Inc. (NASDAQ:FORM) Stock Position Boosted by Reinhart Partners LLC.

Reinhart Partners LLC. lifted its stake in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 443,414 shares of the semiconductor company's stock after acquiring an additional 18,561 shares during the period. Reinhart Partners LLC. owned 0.57% of FormFactor worth $19,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FORM. State Street Corp increased its stake in shares of FormFactor by 1.4% during the 3rd quarter. State Street Corp now owns 2,913,463 shares of the semiconductor company's stock valued at $134,019,000 after acquiring an additional 39,784 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of FormFactor by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,067,174 shares of the semiconductor company's stock valued at $95,105,000 after acquiring an additional 73,982 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in FormFactor by 8.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,063,651 shares of the semiconductor company's stock worth $48,928,000 after purchasing an additional 79,191 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in FormFactor by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 886,103 shares of the semiconductor company's stock valued at $40,761,000 after purchasing an additional 32,889 shares in the last quarter. Finally, Needham Investment Management LLC raised its position in FormFactor by 8.6% in the third quarter. Needham Investment Management LLC now owns 620,000 shares of the semiconductor company's stock valued at $28,520,000 after purchasing an additional 49,000 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insiders Place Their Bets

In related news, CEO Mike Slessor sold 4,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $40.59, for a total value of $162,360.00. Following the sale, the chief executive officer now owns 526,531 shares of the company's stock, valued at $21,371,893.29. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is currently owned by corporate insiders.

FormFactor Stock Performance

FormFactor stock traded down $1.38 during mid-day trading on Monday, reaching $42.84. The company's stock had a trading volume of 891,748 shares, compared to its average volume of 924,935. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 24.62 and a beta of 1.08. FormFactor, Inc. has a twelve month low of $37.25 and a twelve month high of $63.63. The business has a 50 day moving average price of $42.62 and a 200-day moving average price of $46.51. The company has a current ratio of 4.76, a quick ratio of 3.94 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FORM shares. Citigroup upgraded FormFactor from a "neutral" rating to a "buy" rating and increased their target price for the company from $44.00 to $51.00 in a research note on Monday, January 6th. TD Cowen reduced their target price on shares of FormFactor from $60.00 to $44.00 and set a "hold" rating on the stock in a research report on Thursday, October 31st. Finally, Needham & Company LLC lowered shares of FormFactor from a "buy" rating to a "hold" rating in a report on Monday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $56.00.

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.