On September 14, FormFactor declined 5.18% overnight, trading at $108.65/share, with turnover of $655,600. The stock pulled back sharply alongside a sector-wide selloff in semiconductor equipment names.

The decline was primarily driven by broad-based selling pressure across the semiconductor equipment sector, as escalating US-China trade friction weighed on sentiment. Applied Materials fell 4.3%, KLA Corporation dropped 4.6%, Teradyne slid 4.35%, Lam Research declined 4.24%, and ASML lost 4.02%. The sector has exhibited a pattern of post-earnings profit-taking despite strong fundamental results, reflecting elevated market expectations already priced into valuations.

FormFactor had previously reported a strong second quarter, with revenue of $258.2 million significantly beating the $240 million consensus and adjusted EPS of $0.82 surpassing the $0.61 estimate by over 34%. The company also secured a notable win in September when Samsung Electronics selected its probe station for silicon photonics R&D, joining TSMC as a major customer in that frontier segment. Despite these positive developments, the stock was unable to resist the sector-wide downdraft.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)