Crosslink Capital Inc buys $8,815,585 stake in FormFactor (FORM)

FormFactor (FORM) : Crosslink Capital Inc scooped up 290,314 additional shares in FormFactor during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 864,273 shares of FormFactor which is valued at $8,815,585.FormFactor makes up approximately 1.49% of Crosslink Capital Inc’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp boosted its stake in FORM in the latest quarter, The investment management firm added 75,213 additional shares and now holds a total of 113,050 shares of FormFactor which is valued at $1,153,110. FormFactor makes up approx 0.01% of Two Sigma Investments Lp’s portfolio. Bogle Investment Management L P De sold out all of its stake in FORM during the most recent quarter. The investment firm sold 76,713 shares of FORM which is valued $782,473.Tiaa Cref Investment Management reduced its stake in FORM by selling 33,058 shares or 10.11% in the most recent quarter. The Hedge Fund company now holds 293,920 shares of FORM which is valued at $2,997,984.Dimensional Fund Advisors Lp boosted its stake in FORM in the latest quarter, The investment management firm added 142,084 additional shares and now holds a total of 4,999,711 shares of FormFactor which is valued at $53,746,893. FormFactor makes up approx 0.03% of Dimensional Fund Advisors Lp’s portfolio. Hood River Capital Management added FORM to its portfolio by purchasing 661,349 company shares during the most recent quarter which is valued at $6,183,613. FormFactor makes up approx 0.75% of Hood River Capital Management’s portfolio.

FormFactor opened for trading at $10.42 and hit $10.52 on the upside on Thursday, eventually ending the session at $10.5, with a gain of 1.45% or 0.15 points. The heightened volatility saw the trading volume jump to 3,80,663 shares. Company has a market cap of $741 M.

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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