On September 17, Teradyne rose 3.77% in pre-market trading, trading at $354.00 USD/share, with turnover of $803,300. The stock continued to recover following a steep sector-wide sell-off earlier in the week driven by escalating US-China trade tensions and tightened semiconductor export controls.
On September 14, the semiconductor equipment sector suffered a broad-based rout, with Teradyne plunging as much as 13.30% and the Philadelphia Semiconductor Index dropping 5.86%, amid concerns over trade policy uncertainty and a potential Federal Reserve rate hike. Despite reporting robust second-quarter results — revenue surging 104% year-over-year and net profit soaring 373% — the stock was hit harder than sector peers due to its high-beta profile. The rebound gained traction on September 16, when Teradyne climbed 3.21% alongside broad strength in equipment names.
Additionally, the company announced the opening of a new office in Bengaluru, India, to serve as a local hub for customer engagement, applications support, training, and partnerships, signaling continued international expansion efforts.
Within the Semiconductor Equipment sector, stocks are broadly higher in pre-market trading. Among individual stocks, AXT Inc up 4.63%, Lam Research up 2.61%, KLA Corporation up 2.39%, Applied Materials up 2.29%, ASML Holding NV up 2.09%.
(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