Hsbc Holdings PLC Sells 5,856 Shares of FormFactor, Inc. $FORM

Hsbc Holdings PLC decreased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM) by 31.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,657 shares of the semiconductor company’s stock after selling 5,856 shares during the quarter. Hsbc Holdings PLC’s holdings in FormFactor were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of FormFactor by 29.9% during the fourth quarter. Bank of America Corp DE now owns 2,542,296 shares of the semiconductor company’s stock valued at $111,861,000 after buying an additional 585,117 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in FormFactor by 82.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,963,727 shares of the semiconductor company’s stock worth $55,554,000 after purchasing an additional 885,617 shares in the last quarter. Royce & Associates LP grew its stake in FormFactor by 6.4% in the first quarter. Royce & Associates LP now owns 1,870,056 shares of the semiconductor company’s stock worth $52,904,000 after purchasing an additional 112,970 shares in the last quarter. Reinhart Partners LLC. grew its stake in FormFactor by 160.6% in the first quarter. Reinhart Partners LLC. now owns 1,155,610 shares of the semiconductor company’s stock worth $32,692,000 after purchasing an additional 712,196 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in FormFactor by 138.2% in the fourth quarter. Ameriprise Financial Inc. now owns 981,926 shares of the semiconductor company’s stock worth $43,205,000 after purchasing an additional 569,677 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Activity at FormFactor

In other news, Director Rebeca Obregon-Jimenez sold 4,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $29.55, for a total transaction of $118,200.00. Following the completion of the sale, the director owned 13,126 shares in the company, valued at approximately $387,873.30. This represents a 23.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

FormFactor Stock Up 0.1%

FormFactor stock opened at $28.45 on Thursday. FormFactor, Inc. has a twelve month low of $22.58 and a twelve month high of $50.79. The business has a fifty day moving average of $32.05 and a two-hundred day moving average of $31.29. The company has a quick ratio of 3.34, a current ratio of 4.24 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.19 billion, a P/E ratio of 50.80 and a beta of 1.24.

FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). FormFactor had a net margin of 5.75% and a return on equity of 5.57%. The business had revenue of $195.80 million for the quarter, compared to analysts’ expectations of $190.17 million. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. FormFactor has set its Q3 2025 guidance at 0.210-0.290 EPS. On average, analysts forecast that FormFactor, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FORM has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating and issued a $31.00 price objective (down previously from $36.00) on shares of FormFactor in a research note on Thursday, August 21st. Stifel Nicolaus lowered their target price on FormFactor from $34.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, July 31st. Finally, Wall Street Zen lowered FormFactor from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, FormFactor presently has a consensus rating of “Hold” and an average price target of $38.29.

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.