On June 4, FormFactor fell 6.3% in pre-market trading, trading at $120.21/share, with trading volume of $143,900, resuming its downward trend after a brief rebound.
On the news front, the decline is driven by sustained profit-taking following the company's strong Q1 earnings and renewed weakness across the semiconductor equipment sector. FormFactor previously reported record Q1 revenue of $230 million, representing 32% year-over-year growth, with non-GAAP gross margin rising 5.1 percentage points to 49.0% and upwardly revised Q2 guidance. The stock surged post-earnings but has since fallen continuously from its late-May high of approximately $138, as investors lock in gains.
Meanwhile, the broader semiconductor equipment sector is again under pressure, with Applied Materials down 2.25%, Lam Research down 2.24%, ASML down 2.16%, KLA-Tencor down 1.51%, and Teradyne down 2.98%, amplifying selling pressure on FormFactor through sector-wide systematic weakness.
(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.)
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