Morgan Stanley raised its price target for the company from $244 to $254, citing a strong DRAM investment forecast. The firm maintained an Equal-Weight rating. The company opened a new office in Boise to deepen collaboration with key customer Micron Technology and announced a new research partnership with CEA-Leti on next-generation specialty semiconductors. Leadership changes were also introduced, signaling an internal reset. Despite these developments, the stock is down 3.7% since its last earnings report 30 days ago.