On June 9, FormFactor rose 5.03% in regular trading, trading at $130.88/share, with trading volume of $18.75 million, extending its recent oversold rebound trajectory.

On the news front, Evercore ISI recently upgraded FormFactor 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 price target of $154.75, implying significant upside from current levels. The stock had previously retreated sharply from its late-May high of approximately $138 following strong Q1 results, which showed revenue of $230 million and gross margin expanding 5.1 percentage points sequentially to 49.0%.

Within the Semiconductor Equipment sector, the overall sector posted broad-based gains. Among individual stocks, Lam Research rose 7.13%, KLA-Tencor rose 7.10%, Applied Materials rose 6.54%, AXT rose 5.99%, and ASML rose 4.52%, 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.)