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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.

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