FormFactor (FORM) : Traders are bullish on FormFactor (FORM) as it has outperformed the S&P 500 by a wide margin of 10.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.9% in the last 1 week, and is up 10.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
FormFactor Inc. is up 54.4% in the last 3-month period. Year-to-Date the stock performance stands at 18.89%. The stock has recorded a 20-day Moving Average of 5.88% and the 50-Day Moving Average is 13.54%.
FormFactor (NASDAQ:FORM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.32 and $10.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.70, notching a gain of 3.98% for the day. The total traded volume was 524,114 . The stock had closed at $10.29 on the previous day.
Also, Brokerage firm Citigroup maintains its rating on FormFactor (NASDAQ:FORM). As per the latest information, the brokerage house raises the price target to $10 per share from a prior target of $8.25. The shares have been rated Neutral. The rating by the firm was issued on August 3, 2016.
FormFactor, Inc. designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM, Flash and SoCs products across the world. Semiconductor manufacturers use its probe cards to perform wafer test (also known as wafer sort), which is the testing of the semiconductor die, or chips. Its products are based on its technologies, including its micro-electromechanical systems (MEMS) technologies, its automation systems, its various product architectures and its design tools. The applications of these products include customer collaboration, consumer integrated circuits (ICs), mobile ICs, automative ICs, computing ICs and publications. The Company operates under the brands FormFactor, the FormFactor logo, Apollo, ATRE, DC-Boost, Matrix, MicroProbe, the MicroProbe logo, MicroSpring, Mx-FinePitch, OneTouch, QiLin, RapidSoak, SmartMatrix, SMART Matrix 100, TouchMatrix, Takumi and TrueScale Lite, among others.