On July 13, Teradyne fell 4.06% in regular trading, trading at $341.14/share, with turnover of $29.78 million. The semiconductor equipment sector continued its collective retreat as profit-taking pressure persisted following a sharp rebound earlier in the week.
Teradyne had plunged 9.59% on July 8 before surging 7.87% on July 9, but has since given back gains over consecutive sessions. Market divergence over AI computing demand outlook remains unresolved, with the sustainability of the sector's oversold recovery under scrutiny. Across the sector, AXT Inc fell 5.03%, Lam Research declined 4.89%, Applied Materials dropped 4.52%, KLA-Tencor slid 4.23%, and ASML lost 2.34%.
On the institutional front, Goldman Sachs, Susquehanna, and Baird recently raised Teradyne's target price to a range of $465 to $550, all maintaining bullish ratings, suggesting significant upside from current levels despite near-term selling pressure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)