On August 3, Teradyne fell 4.18% in regular trading, trading at approximately $354.40/share, with turnover of $97.07 million.
On the news front, the semiconductor equipment sector came under broad selling pressure, with the Philadelphia Semiconductor Index extending its decline and dragging down industry constituents. Among peers, Lam Research fell 4.17%, KLA Corporation fell 3.53%, Applied Materials fell 2.32%, and ASML fell 0.97%.
Teradyne had previously rallied sharply following its Q2 earnings report, which significantly beat expectations — revenue reached $1.33 billion, up 104% year-over-year, while adjusted EPS of $2.47 far exceeded the consensus estimate of $2.09. The semiconductor test segment contributed $1.122 billion, driven by AI chip testing demand. Multiple investment banks subsequently raised price targets, with Cantor Fitzgerald at $550, UBS at $500, and JPMorgan at $465. The current decline reflects sector-wide systematic pullback pressure and profit-taking following the stock's significant post-earnings gains.
(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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