On June 8, FormFactor rose 5.4% in pre-market trading, trading at $122.88/share, with trading volume of $561,300, extending a rebound from recent lows.

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 price target of $154.75, implying significant upside from the current price level. The upgrade comes after FormFactor's stock had retreated sharply from its late-May high of approximately $138, driven by sustained profit-taking following a strong Q1 earnings report that featured revenue of $230 million, gross margin improvement of 5.1 percentage points to 49.0%, and raised Q2 guidance.

The broader Semiconductor Equipment sector is collectively rallying, with Applied Materials up 5.67%, Lam Research up 5.26%, ASML up 5.10%, Teradyne up 5.85%, and KLA up 4.91%, providing additional tailwinds for FormFactor's recovery.

(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.)