Formfactor ( (FORM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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FormFactor shares are climbing as analysts turn more optimistic on the semiconductor cycle, pointing to stronger-than-expected wafer fab equipment spending, growing AI-related demand, and persistent tight capacity in advanced CoWoS packaging that is expected to benefit key TSMC partners like FormFactor. On the back of these bullish industry checks and a positive foundry update, several analysts have raised their price targets for the stock. The upbeat outlook comes even though FormFactor’s latest quarter delivered slightly lower revenue and net income compared with a year earlier, and recent insider share sales add a note of caution to the otherwise improving capex and industry demand backdrop.
More about Formfactor
YTD Price Performance: 29.06%
Average Trading Volume: 1,095,426
Technical Sentiment Signal: Buy
Current Market Cap: $5.58B
For further insights into FORM stock on TipRanks’ Stock Analysis page.
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