On August 27, Teradyne rose 3.19% in pre-market trading, trading at $374.0/share, with turnover of $304,600.
On the news front, the semiconductor equipment sector has continued to strengthen in recent sessions, with broad-based gains across peers including Lam Research up 2.61%, KLA Corporation up 2.5%, MKS Instruments up 2.33%, Applied Materials up 2.15%, and ASML up 1.57%, reflecting sustained sector-wide recovery momentum.
Teradyne had previously come under pressure after Baird downgraded the stock from Outperform to Neutral while maintaining a $420 price target. That downgrade, combined with a surge in long-term bond yields since mid-August that triggered broad semiconductor sector weakness, pushed the stock to record a significant decline from its highs. The current sector-wide recovery is now driving a rebound in oversold names. Analysts polled by FactSet maintain an average overweight rating on Teradyne with a mean price target of $455.92.
(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