On July 16, Teradyne fell 3.01% in regular trading, trading at $330.67/share, with turnover of $61.94 million.
On the news front, the Nasdaq Composite tumbled 1.2%, triggering a broad selloff in chip stocks, with the semiconductor equipment sector extending its pullback. ASML fell 2.0%, Applied Materials dropped 2.61%, Lam Research declined 2.45%, KLA fell 2.66%, and Aehr Test Systems lost 2.73%. Despite JPMorgan raising its price target on Teradyne from $400 to $450 while maintaining an overweight rating, short-term selling pressure continued to dominate.
Teradyne has experienced heightened volatility since plunging 9.59% on July 8, with sharp rebounds followed by persistent profit-taking. Market divergence over AI computing demand outlook remains unresolved. Institutional sentiment remains broadly constructive, with Goldman Sachs, Susquehanna, and Baird recently raising targets to the $465-$550 range, though near-term recovery momentum continues to face resistance.
(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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