Hsbc Holdings PLC Acquires 3,882 Shares of FormFactor, Inc. (NASDAQ:FORM)

Hsbc Holdings PLC boosted its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 27.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,048 shares of the semiconductor company’s stock after acquiring an additional 3,882 shares during the quarter. Hsbc Holdings PLC’s holdings in FormFactor were worth $1,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FORM. Riverview Trust Co acquired a new stake in shares of FormFactor in the first quarter worth $28,000. Innealta Capital LLC bought a new position in FormFactor during the second quarter worth $38,000. Redwood Wealth Management Group LLC bought a new position in FormFactor during the second quarter worth $43,000. LRI Investments LLC bought a new position in FormFactor during the first quarter worth $70,000. Finally, Covestor Ltd increased its position in FormFactor by 3,951.3% during the first quarter. Covestor Ltd now owns 1,580 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 1,541 shares during the period. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

FORM has been the topic of a number of research reports. B. Riley boosted their target price on shares of FormFactor from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Stifel Nicolaus boosted their target price on shares of FormFactor from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price on shares of FormFactor in a research report on Thursday, August 1st. TD Cowen boosted their price target on shares of FormFactor from $48.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, StockNews.com lowered shares of FormFactor from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, FormFactor has a consensus rating of “Hold” and a consensus price target of $59.63.

FormFactor Stock Down 1.3 %

FORM opened at $46.30 on Friday. The firm’s 50-day simple moving average is $47.06 and its 200-day simple moving average is $50.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.64 and a current ratio of 4.46. FormFactor, Inc. has a twelve month low of $31.51 and a twelve month high of $63.63. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 35.08 and a beta of 1.11.

FormFactor (NASDAQ:FORM) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. FormFactor had a net margin of 17.20% and a return on equity of 4.18%. The business had revenue of $197.47 million for the quarter, compared to analyst estimates of $195.01 million. Equities research analysts anticipate that FormFactor, Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at FormFactor

In other news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total value of $185,240.00. Following the sale, the chief executive officer now owns 534,276 shares of the company’s stock, valued at approximately $24,742,321.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.31, for a total transaction of $185,240.00. Following the transaction, the chief executive officer now owns 534,276 shares in the company, valued at approximately $24,742,321.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jorge Titinger sold 6,770 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $41.94, for a total transaction of $283,933.80. Following the transaction, the director now owns 12,970 shares in the company, valued at approximately $543,961.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,770 shares of company stock valued at $908,894. 0.96% of the stock is owned by insiders.

FormFactor Company 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.