Movement Alert|Teradyne Rises 5.61% in Regular Trading, UBS Raises Target Price to $500 as Semiconductor Equipment Sector Rallies

Market Focus07-20 21:38

On July 20, Teradyne rose 5.61% in regular trading, trading at $347.54/share, with turnover of $75.69 million.

On the news front, UBS raised its target price on Teradyne from $440 to $500, adding to a series of bullish institutional calls. Earlier, JPMorgan raised its target from $400 to $450 on July 16 maintaining an overweight rating, while Goldman Sachs had lifted its target from $350 to $465 on July 6, and Susquehanna raised its target from $415 to $550. The consensus mean target now stands at $430.20 with an average overweight rating, signaling strong institutional confidence ahead of the company's Q2 earnings report scheduled for July 28, with expected EPS of $2.04.

The broader semiconductor equipment sector rallied in tandem, with Aehr Test Systems up 7.77%, Applied Materials up 4.38%, KLA-Tencor up 3.11%, Lam Research up 2.57%, and ASML up 2.02%. The rebound follows a sharp selloff earlier in July when Teradyne dropped 9.59% on July 8 and 5.16% on July 17 amid sector-wide weakness and insider selling.

(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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