FormFactor Inc. declines amid broad market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
FormFactor Inc. saw a significant decline of 6.41% as it crossed below its 5-day SMA, reflecting the broader market's struggles.
The Nasdaq-100 is down 2.81% and the S&P 500 is down 1.44%, indicating a general trend of weakness across the market. This sector rotation has impacted FormFactor, leading to its price drop despite no specific news related to the company.
Investors are advised to monitor the overall market conditions, as the current downturn may continue to affect stock performance in the near term.
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Analyst Views on FORM
Wall Street analysts forecast FORM stock price to fall
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 139.950
Low
42.00
Averages
57.00
High
78.00
Current: 139.950
Low
42.00
Averages
57.00
High
78.00
About FORM
FormFactor, Inc. is a provider of essential test and measurement technologies along the full semiconductor product lifecycle, from characterization, modeling, reliability, and design de-bug to qualification and production test. The Company provides a range of high-performance probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems to both semiconductor companies and scientific institutions. Its products provide electrical and optical information from a variety of semiconductor and electro-optical devices and integrated circuits from early research, through development, to high-volume production. It operates in two segments: Probe Cards and the Systems. The Probe Cards segment includes sales of its probe cards and analytical probes. The Systems segment includes sales of its probe stations, thermal systems and cryogenic systems. It also offers optical probing technology for silicon photonics (SiPh) and co-packaged optics (CPO) wafer testing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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