Movement Alert|FormFactor Rises 7.74% in Regular Trading, Multiple Investment Banks Upgrade Ratings Amid Semiconductor Equipment Sector Strength

Market Focus
06/15

On June 15, FormFactor rose 7.74% in regular trading, trading at $148.365/share, with turnover of $30.55 million, extending its recent oversold rebound trajectory.

On the news front, multiple investment banks have consecutively upgraded their ratings on the stock. B.Riley recently upgraded FormFactor from Neutral to Buy, maintaining a $165 price target. Previously, Evercore ISI upgraded its rating from In Line to Outperform, setting a target price of $155. According to FactSet, the stock carries an average analyst rating of Overweight with a mean target price of $154.75.

The upgrades follow FormFactor's strong Q1 results, which showed revenue of $230 million, gross margin improving 5.1 percentage points sequentially to 49.0%, and raised Q2 guidance. The broader semiconductor equipment sector also strengthened collectively, with peers including Lam Research up 4.95%, Applied Materials up 3.3%, and AXT Inc up 14.3%, providing additional tailwinds.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10