On July 27, FormFactor fell 5.04% in regular trading, trading at approximately $98.04/share, with turnover of $11.7228 million.
The decline was driven by broad-based selling across the semiconductor equipment sector. Within the industry, ASML Holding fell 4.97%, Teradyne fell 5.49%, Lam Research fell 4.2%, Applied Materials fell 4.1%, and KLA-Tencor fell 3.45%. The sector-wide weakness was partly attributed to a sharp selloff in memory stocks, with Micron Technology down 5.82%, SK Hynix down 6.83%, and SanDisk down 7.10%, as bearish sentiment in storage spread to equipment names.
Notably, FormFactor had risen 8.37% in pre-market trading earlier in the session on optimism ahead of its second-quarter earnings report scheduled for July 29. Market consensus expects quarterly revenue of $240 million, representing 26.20% year-over-year growth, and adjusted EPS of $0.61, up 102.77% year-over-year. However, the pre-market gains were fully reversed as the broader sector selloff intensified during regular hours.
(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.)