Paragon Associates Paragon Associates Ii Joint Venture Lowers stake in FormFactor (FORM)

FormFactor (FORM) : Paragon Associates Paragon Associates Ii Joint Venture reduced its stake in FormFactor by 9.71% during the most recent quarter end. The investment management company now holds a total of 480,000 shares of FormFactor which is valued at $5,136,000 after selling 51,641 shares in FormFactor , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.FormFactor makes up approximately 5.74% of Paragon Associates Paragon Associates Ii Joint Venture’s portfolio.

Other Hedge Funds, Including , Menta Capital sold out all of its stake in FORM during the most recent quarter. The investment firm sold 45,663 shares of FORM which is valued $488,594. Los Angeles Capital Management Equity Research Inc added FORM to its portfolio by purchasing 20,315 company shares during the most recent quarter which is valued at $197,056.Emerald Acquisition Ltd. reduced its stake in FORM by selling 412,513 shares or 49.49% in the most recent quarter. The Hedge Fund company now holds 421,061 shares of FORM which is valued at $4,084,292. FormFactor makes up approx 0.01% of Emerald Acquisition Ltd.’s portfolio.Blackrock Group Ltd boosted its stake in FORM in the latest quarter, The investment management firm added 1,260 additional shares and now holds a total of 25,735 shares of FormFactor which is valued at $241,909.

FormFactor opened for trading at $11.25 and hit $11.55 on the upside on Monday, eventually ending the session at $11.3, with a gain of 0.44% or 0.05 points. The heightened volatility saw the trading volume jump to 4,15,458 shares. Company has a market cap of $799 M.

On the company’s financial health, FormFactor reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.21. The company had revenue of $123.30 million for the quarter, compared to analysts expectations of $122.70 million. The company’s revenue was up 87.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on FormFactor. FormFactor was Initiated by Craig Hallum to “Buy” on Sep 22, 2016.

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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