This semiconductor company beat earnings estimates by $0.02 in the latest quarter and is delivering double-digit revenue growth.
FormFactor Inc. (FORM)
FormFactor Inc. (FORM) was higher despite a down market, and the biggest catalyst has been strong momentum after coming off its technology conference circuit. The stock has caught the attention of technical investors and should continue to drive higher once the current volatility abates.
FORM is the world’s largest supplier of probe cards, which are used by the semiconductor industry to test circuits on chips down to the wafer level. It’s an interesting business niche. It has customers like Intel and Samsung and has increased its sales by 26.6% and 46.8% in the previous two quarters. My target: $9.50.
Mandeep Rai, Top Stocks under $10, published by Money and Markets, a Division of Weiss Research, Inc., www.moneyandmarkets.com/services/trading-services/top-stocks-under-10, issues@e.moneyandmarkets.com; 1-800-291-8545, September 18, 2015