Hsbc Holdings PLC Invests $4.50 Million in FormFactor, Inc. $FORM

Hsbc Holdings PLC bought a new position in shares of FormFactor, Inc. (NASDAQ:FORM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,315 shares of the semiconductor company’s stock, valued at approximately $4,497,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in FormFactor in the second quarter valued at $1,676,772,000. Andar Capital Management HK Ltd purchased a new position in shares of FormFactor during the 2nd quarter valued at about $27,000,000. Bank of America Corp DE lifted its holdings in shares of FormFactor by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 2,806,905 shares of the semiconductor company’s stock valued at $96,586,000 after buying an additional 108,487 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of FormFactor by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,397,161 shares of the semiconductor company’s stock valued at $87,305,000 after buying an additional 73,644 shares during the period. Finally, Morgan Stanley boosted its stake in shares of FormFactor by 98.5% in the fourth quarter. Morgan Stanley now owns 2,271,562 shares of the semiconductor company’s stock worth $126,708,000 after buying an additional 1,127,146 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

FormFactor Stock Down 7.7%

FormFactor stock opened at $101.69 on Friday. The stock has a market capitalization of $7.93 billion, a PE ratio of 69.65 and a beta of 1.25. FormFactor, Inc. has a 12 month low of $27.81 and a 12 month high of $160.27. The business has a 50 day simple moving average of $118.46 and a 200-day simple moving average of $117.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.08 and a quick ratio of 3.34.

FormFactor (NASDAQ:FORM) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.21. FormFactor had a return on equity of 13.44% and a net margin of 12.80%.The business had revenue of $258.24 million during the quarter, compared to the consensus estimate of $240.00 million. During the same period in the prior year, the company posted $0.27 EPS. The business’s quarterly revenue was up 31.9% on a year-over-year basis. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. On average, analysts anticipate that FormFactor, Inc. will post 2.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dennis Thomas St sold 2,800 shares of FormFactor stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $151.49, for a total value of $424,172.00. Following the sale, the director owned 29,073 shares in the company, valued at $4,404,268.77. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sheri Rhodes sold 6,328 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total transaction of $793,531.20. Following the sale, the director directly owned 5,375 shares of the company’s stock, valued at $674,025. This represents a 54.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 37,020 shares of company stock worth $4,756,017. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Zacks Research upgraded FormFactor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Weiss Ratings raised shares of FormFactor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Craig Hallum raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, May 12th. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FormFactor presently has an average rating of “Moderate Buy” and an average price target of $127.45.

About FormFactor

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.