Is FormFactor, Inc. (NASDAQ:FORM) A Top Hedge Fund Quantum Computing Stock Pick?

Insider Monkey05-29

We recently compiled the list of the 12 Best Quantum Computing Stocks To Buy according to the hedge funds using the latest sentiment data. In this article, we are going to take a look at where ...

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(NASDAQ:FORM) A Top Hedge Fund Quantum Computing Stock Pick?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs FormFactor, Inc. (NASDAQ:FORM) A Top Hedge Fund Quantum Computing Stock Pick?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-29 00:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/formfactor-inc-nasdaq-form-top-165922339.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled the list of the 12 Best Quantum Computing Stocks To Buy according to the hedge funds using the latest sentiment data. In this article, we are going to take a look at where ...</p>\n\n<a href=\"https://finance.yahoo.com/news/formfactor-inc-nasdaq-form-top-165922339.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SQQQ","symbol_name":"纳指三倍做空ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/formfactor-inc-nasdaq-form-top-165922339.html","article_id":"2439834875","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/8MYJmyxFotqH.8nbuBJzew--~B/aD00MzA7dz03Njg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/insidermonkey.com/15504c3aee7907a3cdf937f1f148c0bb"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2439834875","pubTimestamp":1716915562,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled the list of the 12 Best Quantum Computing Stocks To Buy according to the hedge funds using the latest sentiment data. In this article, we are going to take a look at where FormFactor, Inc.  stands against the other quantum computing stocks.These days, artificial intelligence is one of the hottest topics on the stock market and the media. This is because of the improvements in data analysis and decision making offered by AI models. These have augmented pre AI data analysis and text production technologies, and consequently, Wall Street has piled billions of dollars into the industry.This ability to process more inputs means that quantum computing offers complex problems that traditional computers might not have enough capacity for. This is one reason that some estimates expect the quantum computing industry to be worth a modest $11.4 billion by 2027 despite a rapid compounded annual growth rate of 33%.Some quantum computing stocks that are commonly known are Rigetti","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQQQ":"纳指三倍做空ETF","BK4591":"室温超导概念","BK4023":"应用软件","BK4170":"电脑硬件、储存设备及电脑周边","BK4585":"ETF&股票定投概念","BK4147":"半导体设备","NDAQ":"纳斯达克OMX交易所","RGTI":"Rigetti Computing","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","QBTS":"D-Wave Systems Inc.","QTUM":"The Defiance Quantum ETF","BK4588":"碎股","BK4141":"半导体产品","QID":"纳指两倍做空ETF","FORM":"FormFactor","IONQ":"IONQ Inc.","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","PSQ":"纳指反向ETF","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","TQQQ":"纳指三倍做多ETF","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","QLD":"纳指两倍做多ETF","BK4112":"金融交易所和数据",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF"},"translate_title":"FormFactor，Inc.（纳斯达克：FORM）是顶级对冲基金量子计算选股吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"RGTI":1,"QTUM":1,"QBTS":1,"FORM":1,"NDAQ":1,"IONQ":1,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"We recently compiled the list of the 12 Best Quantum Computing Stocks To Buy according to the hedge funds using the latest sentiment data. In this article, we are going to take a look at where FormFactor, Inc. (NASDAQ:FORM) stands against the other quantum computing stocks.\nThese days, artificial intelligence is one of the hottest topics on the stock market and the media. This is because of the improvements in data analysis and decision making offered by AI models. These have augmented pre AI data analysis and text production technologies, and consequently, Wall Street has piled billions of dollars into the industry.\nAs AI is to data science, quantum computing is to classical computing. Or at least in some aspects. The fundamental difference between a classical and quantum computer is physics. Classical computers operate under the principles of classic physics, which means that it is easy to determine whether a semiconductor's processor is in the on (1) or off (0) state. In quantum computing's case, a transistor's equivalent is an elemental particle capable of existing in multiple states. So, a quantum 'transistor' could be on and off at the same time, to provide programmers with more flexibility to solve problems.\nThis ability to process more inputs means that quantum computing offers complex problems that traditional computers might not have enough capacity for. This is one reason that some estimates expect the quantum computing industry to be worth a modest $11.4 billion by 2027 despite a rapid compounded annual growth rate of 33%.\nAt the same time, quantum computing stocks are riskier than even traditional and typically high growth companies. This is because their products do not have sizeable markets and require considerable investment and research and development expenditure which might even take longer to recover than for biotechnology stocks.\nThese facts also make it trickier to analyze quantum computing stock performance since there are considerably fewer publicly traded companies to offer the convenience of simply seeing how an exchange traded fund has performed. For instance, consider the holdings of the Defiance Quantum ETF (QTUM). Some of its top holdings include software firm MicroStrategy and the memory manufacturer Micron. Neither of these companies generates material income from making products that are essential for a quantum computer to perform. Another major holding is NVIDIA, and while it does make a product for a quantum processing unit's (QPU) quantum controller, most, if not all of its share price gains have been due to artificial intelligence.\nThis means that we need to analyze individual quantum computing stocks to see how they have performed recently. Heading into the year's second half, investors have battled with high inflation, high interest rates, geopolitical tensions, turmoil in banking, and euphoria surrounding artificial intelligence since 2022.\nSome quantum computing stocks that are commonly known are Rigetti Computing, Inc. (NASDAQ:RGTI),  IonQ, Inc. (NYSE:IONQ), and D-Wave Quantum Inc. (NYSE:QBTS). Over the past five years, their shares have lost 89%, 24%, and 89%, respectively. Mind you though, this doesn't mean that quantum computing stocks never go up. For instance, take the example of IonQ. The firm listed its shares for trading in October after a merger, and between October 8th and November 19th, the stock soared by a whopping 233%. For comparison, Wall Street's AI darling NVIDIA's shares have gained 239% over the past twelve months.\nSo, the next question to ask is, what happened to this quantum computing stock? Well, part of the reason is a Goldman Sachs investment note that was released in November 2022. The note wondered when businesses would start adopting quantum computing into their operations, and whether the company's technology roadmap could align with this shift, as uncertainty persisted over \"which forms of quantum computer ultimately captures market share,\" according to analyst Toshiya Hari. After losing 14% in the wake of Hari's comments, the stock would proceed to bottom out over the new year in January, but its performance graph changes when we zoom into 2024's performance. April 2024 seems to have been the month for IonQ's shares as the stock is up by 17% since the 19th.\n A close up of a technician’s hands manipulating a temperature control system for a thermal system. \nOur Methodology\nTo make our list of the best quantum computing stocks, we first made a list of pure play quantum computing companies and those that make crucial products for the industry.  These stocks were ranked by the number of hedge funds that had held shares according to the last round of 13F filings. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\nFormFactor, Inc. (NASDAQ:FORM)\nNumber of Hedge Fund Investors In Q1 2024: 19\nFormFactor, Inc. (NASDAQ:FORM) is an American semiconductor backend equipment provider. It is one of the few firms in the world that works with quantum engineers to provide them with the tools to aid quantum chip fabrication. The average of nine FormFactor, Inc. (NASDAQ:FORM) analyst share price targets is $54.67 while the average rating is Buy. The average price target is lower than the current market price.\nDuring March 2024, 19 hedge funds part of Insider Monkey's database held stakes in FormFactor, Inc. (NASDAQ:FORM). Chuck Royce's Royce & Associates owned a sizeable stake that was worth $94.9 million.\nOverall, FORM ranks 5th among the 12 best quantum computing stocks to buy now. You can visit 12 Best Quantum Computing Stocks To Buy to see the other quantum computing stocks that are on the hedge fund radar. While we acknowledge the potential of quantum computing companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\n\nREAD NEXT: Michael Burry Is Selling These Stocks and Jim Cramer is Recommending These Stocks.\n\nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2439834875"}