Hsbc Holdings PLC Acquires 7,800 Shares of FormFactor, Inc. (NASDAQ:FORM)

Hsbc Holdings PLC increased its holdings in shares of FormFactor, Inc. (NASDAQ:FORM – Get Rating) by 106.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,157 shares of the semiconductor company’s stock after acquiring an additional 7,800 shares during the quarter. Hsbc Holdings PLC’s holdings in FormFactor were worth $388,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in FormFactor during the third quarter worth about $86,000. WINTON GROUP Ltd bought a new position in FormFactor during the third quarter worth about $379,000. Kennedy Capital Management Inc. bought a new position in FormFactor during the second quarter worth about $5,326,000. Jump Financial LLC bought a new position in FormFactor during the third quarter worth about $1,820,000. Finally, Peregrine Capital Management LLC increased its position in FormFactor by 12.8% during the third quarter. Peregrine Capital Management LLC now owns 201,550 shares of the semiconductor company’s stock worth $5,049,000 after acquiring an additional 22,845 shares during the period. 94.21% of the stock is owned by institutional investors.

FormFactor Trading Down 1.8 %

Shares of FormFactor stock opened at $28.54 on Wednesday. The firm has a market capitalization of $2.20 billion, a PE ratio of 44.59 and a beta of 1.24. The company has a current ratio of 3.17, a quick ratio of 2.35 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $27.80 and its 200 day moving average is $25.95. FormFactor, Inc. has a 1 year low of $18.15 and a 1 year high of $44.40.

Insider Activity at FormFactor

In related news, CEO Mike Slessor sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $31.97, for a total transaction of $319,700.00. Following the sale, the chief executive officer now directly owns 477,438 shares in the company, valued at approximately $15,263,692.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Shai Shahar sold 4,759 shares of FormFactor stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $29.68, for a total transaction of $141,247.12. Following the sale, the chief financial officer now directly owns 72,900 shares in the company, valued at approximately $2,163,672. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mike Slessor sold 10,000 shares of FormFactor stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $31.97, for a total transaction of $319,700.00. Following the sale, the chief executive officer now owns 477,438 shares in the company, valued at $15,263,692.86. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Needham & Company LLC raised their target price on shares of FormFactor from $28.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Cowen raised their target price on shares of FormFactor from $25.00 to $32.00 and gave the company a “market perform” rating in a report on Thursday, February 9th. Jefferies Financial Group assumed coverage on shares of FormFactor in a report on Thursday, January 12th. They issued a “hold” rating on the stock. Northland Securities assumed coverage on shares of FormFactor in a report on Tuesday, December 13th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, DA Davidson reissued a “buy” rating on shares of FormFactor in a report on Wednesday, March 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, FormFactor presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

About FormFactor

(Get Rating)

FormFactor, Inc engages in the provision of test and measurement solutions. It operates through the following business segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment consists of analytical probe solutions for on-wafer probing, board tests, and package tests.