Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Do Hedge Funds Love FormFactor, Inc. (FORM)?

Now, some big names were leading the bulls’ herd. Fisher Asset Management initiated the largest position in FormFactor, Inc. (NASDAQ:FORM). Fisher Asset Management had $2 million invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also initiated a $2 million position during the quarter. The other funds with brand new FormFactor, Inc. (NASDAQ:FORM) positions are Glenn Russell Dubin’s Highbridge Capital Management, Israel Englander’s Millennium Management, and Peter Algert and Kevin ColdirAon’s lgert Coldiron Investors.

Let’s check out hedge fund activity in other stocks similar to FormFactor, Inc. (NASDAQ:FORM). These stocks are Rudolph Technologies Inc (NASDAQ:RTEC), Peoples Bancorp Inc. (NASDAQ:PEBO), JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), and Almost Family, Inc. (NASDAQ:AFAM). This group of stocks’ market valuations resembles FormFactor, Inc. (NASDAQ:FORM)’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
RTEC 19 46402 8
PEBO 6 21262 -2
JASO 5 16392 -4
AFAM 13 71911 2

As you can see, these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $39 million, versus $34 million in FormFactor, Inc. (NASDAQ:FORM)’s case. Rudolph Technologies Inc (NASDAQ:RTEC) is the most popular stock in this table. On the other hand, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) is the least popular one with only 5 bullish hedge fund positions. FormFactor, Inc. (NASDAQ:FORM) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard RTEC might be a better candidate to consider a long position.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.