Shannon River Fund Management in New York City added 968,161 shares of FormFactor in Q3, increasing exposure by an estimated $35.26 million. As of Sep 30, the fund reported holding 968,161 FORM shares valued at $35.26 million. The move represents 5.68% of the fund’s $621.17 million in reportable U.S. equity holdings.

FormFactor, Inc. provides testing and measurement solutions for the semiconductor industry, serving customers globally. Revenue is generated by designing, manufacturing, and selling advanced solutions for semiconductor manufacturing and research. The company has a diversified product portfolio focused on innovation and global reach.

FormFactor doesn’t compete in the AI chip race but supplies essential tools for chipmakers. In the latest quarter, revenue reached $202.7 million with expanded gross margins. Noteworthy growth in DRAM probe cards and systems segment momentum were reported. Management anticipates further revenue, earnings, and margin improvement in Q4.

Read more at Yahoo Finance: FormFactor Stock Up 22% and Drawing a $35 Million New Stake as The Firm Beats Q3 Estimates