On June 8, FormFactor rose 5.3% in regular trading, trading at $121.18/share, with trading volume of $11.608 million, extending its oversold rebound momentum.

On the news front, Evercore ISI upgraded FormFactor from In Line to Outperform, setting a price target of $155. According to FactSet, the stock carries an average analyst rating of Overweight with a mean target price of $154.75, implying significant upside from current levels. The stock had previously retreated sharply from its late-May high of approximately $138 following profit-taking pressure after strong Q1 results that showed revenue of $230 million and gross margin improvement of 5.1 percentage points to 49.0%.

Additionally, the semiconductor equipment sector rallied broadly, with KLA-Tencor up 6.93%, Applied Materials up 6.48%, AXT up 6.38%, ASML up 5.7%, and Lam Research up 5.45%, providing sector-wide tailwinds that reinforced the rebound in FormFactor shares.

(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.)