On August 6, Teradyne fell 4.72% in regular trading, trading at approximately $384.44/share, with turnover of $74.54 million.
On the news front, the semiconductor equipment sector showed internal divergence, with Applied Materials down 1.94%, Lam Research down 1.66%, and KLA down 0.69%, collectively weighing on Teradyne. The stock had accumulated significant gains since its Q2 earnings release, which massively beat expectations with revenue of $1.33 billion (up 104% YoY vs. $1.22 billion expected) and adjusted EPS of $2.47 (vs. $2.09 expected), driven primarily by AI chip testing demand contributing $1.122 billion from its semiconductor test segment. After rallying nearly 8% on August 4, the stock has faced sustained profit-taking amid repeated sector oscillations.
Additionally, Baird recently lowered its price target from $446 to $420 while maintaining an Outperform rating, adding marginal pressure on near-term sentiment despite broader institutional optimism from JPMorgan ($465 target) and Cantor Fitzgerald ($550 target).
(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.)
Comments