Goldman Sachs Group Inc. (NYSE: GS) Upgrades FormFactor (NASDAQ: FORM)

Goldman Sachs Group Inc. (NYSE: GS) analysts upgraded shares of FormFactor (NASDAQ: FORM) from “Neutral” to “Sell” in a research note to investors on Thursday.

FormFactor, Inc. (FormFactor) designs, develops, manufactures, sells and supports precision semiconductor wafer probe cards. The Company has facilities in United States, Japan, Germany, Taiwan, Italy, South Korea and Singapore and the People’s Republic of China. Semiconductor manufacturers use the Company’s wafer probe cards to perform wafer sort and test on the semiconductor die, or chips, on the whole semiconductor wafer prior to singulation of the wafer into individual chips. FormFactor offers products and solutions that are custom designed for semiconductor manufacturers’ wafer designs. The Company’s MicroSpring interconnect technology, which includes resilient spring-like contact elements, enables it to produce wafer probe cards for applications that require reliability, speed, precision and signal integrity.In October 2009, the Company completed the acquisition of certain precision motion control automation assets from Electroglas.

Shares of FORM traded up 4.32% hitting $7.25 during mid-day trading on Thursday.

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