On July 15, Teradyne rose 3.73% in pre-market trading, trading at $366.95/share, with turnover of $76.33 million. The stock continued its recovery trajectory as the semiconductor equipment sector extended its oversold rebound.
Teradyne had plunged 9.59% on July 8 amid a broad chip selloff, then surged 7.87% the following day before giving back gains on July 10 and July 13. On July 14, the stock rebounded 6.4% intraday as the entire semiconductor equipment sector staged a collective recovery, with Applied Materials up 3.98%, Lam Research up 5.52%, and KLA up 4.63%.
On the institutional front, Goldman Sachs, Susquehanna, and Baird have recently raised their target prices for Teradyne to a range of $465 to $550, all maintaining bullish ratings. The current stock price remains significantly below these targets, suggesting substantial upside potential. Within the Semiconductor Equipment sector, ASML Holding rose 5.63%, Applied Materials gained 4.08%, Lam Research advanced 4.06%, and KLA-Tencor climbed 3.75%.
(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.)
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