On July 13, Teradyne fell 3.23% overnight, trading at 348.1 USD/share, with turnover of $1.825 million. The decline came as the semiconductor equipment sector continued its collective retreat, with profit-taking pressure persisting following a sharp rebound earlier in the week.
The broader semiconductor equipment sector saw widespread weakness, with Applied Materials down 3.9%, Lam Research down 3.74%, KLA-Tencor down 3.24%, ASML down 1.96%, and AXT Inc down 4.07%. Teradyne had previously plunged 9.59% on July 8 before staging a 7.87% rebound on July 9, but has since given back those gains over consecutive sessions as market divergence over AI computing demand prospects remains unresolved.
Despite multiple analyst upgrades in recent weeks — Goldman Sachs raising its target to $465, Susquehanna to $550, and Baird to $446 — all maintaining overweight or positive ratings, the sustainability of the sector's oversold recovery continues to be tested as selling pressure from rapid gains concentrates.
(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.)