On August 10, Teradyne fell 3.22% in regular trading, trading at $366.69/share, with turnover of $222 million.

On the news front, the semiconductor equipment sector broadly extended weakness, with Applied Materials down 1.74%, Lam Research down 1.43%, and KLA Corporation down 1.52%, collectively dragging on sentiment. Teradyne had previously surged following its Q2 earnings release, which significantly beat expectations with revenue of $1.33 billion (up 104% year-over-year) and adjusted EPS of $2.47 versus the consensus estimate of $2.09, driven by robust AI chip testing demand. However, the stock has faced sustained profit-taking pressure in recent sessions as gains are unwound. Additionally, Baird recently lowered its price target from $446 to $420 while maintaining an Outperform rating, and such marginal downward revisions from institutions have weighed on near-term sentiment. JPMorgan, UBS, and Cantor Fitzgerald previously raised their targets to $465, $500, and $550 respectively, reflecting continued longer-term optimism around AI-driven growth.

(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.)