Movement Alert|FormFactor Falls 5.04% in Regular Trading, Semiconductor Equipment Sector Under Broad Pressure

Market Focus
Jul 27

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10