Investment Counselors Of Maryland buys $21,298,230 stake in FormFactor (FORM)

FormFactor (FORM) : Investment Counselors Of Maryland scooped up 327,132 additional shares in FormFactor during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 2,131,955 shares of FormFactor which is valued at $21,298,230.FormFactor makes up approximately 1.11% of Investment Counselors Of Maryland’s portfolio.

Other Hedge Funds, Including , Neuberger Berman Group boosted its stake in FORM in the latest quarter, The investment management firm added 2,937 additional shares and now holds a total of 2,131,395 shares of FormFactor which is valued at $22,443,589. FormFactor makes up approx 0.03% of Neuberger Berman Group’s portfolio.Swiss National Bank boosted its stake in FORM in the latest quarter, The investment management firm added 9,400 additional shares and now holds a total of 100,900 shares of FormFactor which is valued at $1,065,504.Creative Planning boosted its stake in FORM in the latest quarter, The investment management firm added 947 additional shares and now holds a total of 4,380 shares of FormFactor which is valued at $43,625.

FormFactor closed down -0.14 points or -1.31% at $10.52 with 7,04,069 shares getting traded on Wednesday. Post opening the session at $10.72, the shares hit an intraday low of $10.46 and an intraday high of $10.799 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, FormFactor reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.10. The company had revenue of $83.10 million for the quarter, compared to analysts expectations of $77.99 million. The company’s revenue was up 55.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on FormFactor. Stifel Upgraded FormFactor on Aug 2, 2016 to ” Buy”, Price Target of the shares are set at $13.

FormFactor Inc. designs develops manufactures sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM Flash and SoCs products across the world. Semiconductor manufacturers use its probe cards to perform wafer test (also known as wafer sort) which is the testing of the semiconductor die or chips. Its products are based on its technologies including its micro-electromechanical systems (MEMS) technologies its automation systems its various product architectures and its design tools. The applications of these products include customer collaboration consumer integrated circuits (ICs) mobile ICs automative ICs computing ICs and publications. The Company operates under the brands FormFactor the FormFactor logo Apollo ATRE DC-Boost Matrix MicroProbe the MicroProbe logo MicroSpring Mx-FinePitch OneTouch QiLin RapidSoak SmartMatrix SMART Matrix 100 TouchMatrix Takumi and TrueScale Lite among others.

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