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

Key Points

• HSBC Holdings acquired 29,315 FormFactor shares worth approximately $4.50 million in the second quarter. Institutional investors own 98.76% of the semiconductor company, with several other major funds also initiating positions.
• Analyst sentiment remains positive overall, with FormFactor carrying a “Moderate Buy” consensus rating and an average price target of $127.45, despite TD Cowen cutting its target to $100 and maintaining a “Hold” rating.
• FormFactor reported better-than-expected quarterly results, including $0.82 EPS and $258.24 million in revenue, up 31.9% year over year. Shares opened at $101.69, down 7.7%, while insiders sold 37,020 shares worth approximately $4.76 million over the past 90 days.

Hsbc Holdings PLC acquired a new position in shares of FormFactor, Inc. (NASDAQ:FORM - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 29,315 shares of the semiconductor company's stock, valued at approximately $4,497,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FORM. Primecap Management Co. CA bought a new position in FormFactor in the second quarter worth about $270,300,000. PDT Partners LLC bought a new stake in shares of FormFactor in the 2nd quarter valued at about $7,023,000. Canada Pension Plan Investment Board bought a new stake in shares of FormFactor in the 2nd quarter valued at about $14,778,000. Nicholas Investment Partners LP purchased a new position in shares of FormFactor in the 2nd quarter worth approximately $2,702,000. Finally, Legal & General Group Plc purchased a new position in shares of FormFactor in the 2nd quarter worth approximately $29,067,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen decreased their target price on shares of FormFactor from $150.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, July 30th. Craig Hallum raised shares of FormFactor from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a report on Tuesday, May 12th. B. Riley Financial raised FormFactor from a "neutral" rating to a "buy" rating and set a $165.00 price target on the stock in a research report on Thursday, June 11th. Cantor Fitzgerald reiterated an "overweight" rating on shares of FormFactor in a report on Monday, July 27th. Finally, Evercore set a $150.00 target price on FormFactor in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $127.45.

Insider Activity at FormFactor

In other FormFactor news, Director Dennis Thomas St sold 2,800 shares of FormFactor stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $151.49, for a total transaction of $424,172.00. Following the completion of the sale, the director owned 29,073 shares of the company's stock, valued at approximately $4,404,268.77. The trade was a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sheri Rhodes sold 6,328 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director directly owned 5,375 shares in the company, valued at $674,025. This represents a 54.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,020 shares of company stock valued at $4,756,017 in the last ninety days. Company insiders own 0.79% of the company's stock.

FormFactor Stock Down 7.7%

FORM 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 52 week low of $27.81 and a 52 week high of $160.27. The company has a quick ratio of 3.34, a current ratio of 4.08 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $118.46 and a 200 day moving average of $117.17.

FormFactor (NASDAQ:FORM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.21. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The business had revenue of $258.24 million for the quarter, compared to analyst estimates of $240.00 million. During the same quarter in the prior year, the business posted $0.27 EPS. FormFactor's revenue for the quarter was up 31.9% compared to the same quarter last year. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. Sell-side analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current year.

FormFactor Profile

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.

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