Stock NEWS Alert – FormFactor, Inc. (NASDAQ:FORM)

FormFactor, Inc. (NASDAQ:FORM) stock price moved down at -1.11% to $13.40 on Tuesday. Its total market capitalization is $978626990. Its day lowest price was $13.32 and its hit its day highest price at $13.57. The stock recent volume is 340132 shares in comparison to its average trading volume of 649013 shares. Looking at the stock’s price level on the past 52-week graph, FORM recorded a 52-week high of $18.65 and its 52-week low of $11.1.

FormFactor, Inc. (NASDAQ:FORM), a leading electrical test and measurement supplier to the semiconductor industry, declared that it has been named a BEST supplier in VLSIresearch’s annual customer satisfaction survey in three categories;

  1. 10 BEST Focused Suppliers of Chip Making Equipment,
  2. THE BEST Suppliers of Test Equipment, and
  3. THE BEST Suppliers of Subsystems.

Rankings are based on feedback representing the full spectrum of worldwide customers, including Integrated Device Manufacturers (IDMs), fabless companies, and Outsourced Assembly and Test (OSAT) producers. This is the second time in recent weeks that FormFactor has been recognized as an industry leader.  In April, the company was ranked as the world’s top supplier of semiconductor probe cards in a separate VLSIresearch report. In that report*, VLSIresearch noted that FormFactor increased its market share to 34% of the advanced probe card market, with more than double the share of its nearest competitor.

Dan Hutcheson, CEO of VLSIresearch said “Suppliers with consistently high customer satisfaction often dominate their markets”. “FormFactor’s high rankings reflect the company’s close partnerships with its customers. Technical leadership, partnering and trust are all key to achieving consistently high results. These factors combined with excellent support and quality help FormFactor to stand out year after year in their categories.”

FormFactor CEO Mike Slessor said “These high customer satisfaction results are a direct outcome of the dedication and commitment we have to meeting our customers’ needs”. “We succeed when customers achieve their performance and cost objectives, and we’re proud that our customers both value our technology and trust us as a partner.”

Shares of FormFactor, Inc. have been recently spotted trading -28.15% off of the 52-week high price. On the other end, company shares have been noted 20.72% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 11.10 – 18.65. Switching over to some distances from popular moving averages, we see that the stock has been recorded -0.85% away from the 50 day moving average and -11.02% away from the 200 day moving average. Moving closer, we can see that shares have been trading 4.51% off of the 20-day moving average. 1685 employees work in the Company. It has market cap of $975.87M.

Category – Technology

Grady Lawley is a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. He has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Grady has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Technology category.

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