On July 28, Teradyne fell 6.94% in regular trading, trading at $302.575/share, with turnover of $111 million.
On the news front, the semiconductor equipment sector faced broad-based selling pressure, dragging Teradyne lower despite multiple investment banks recently raising their target prices. Amkor Technology plunged over 22%, Lam Research fell 8.61%, Applied Materials declined 7.68%, KLA-Tencor dropped 6.82%, and ASML slid 5.12%, reflecting intense sector-wide weakness.
Although UBS raised its target price to $500, JPMorgan to $450, and Goldman Sachs to $465, the overall bearish sector momentum overwhelmed bullish individual catalysts. Additionally, the company is scheduled to report Q2 earnings after market close on the same day, with consensus EPS expectations at $2.04. Investor caution ahead of the earnings release further intensified intraday selling pressure, with the stock declining consecutively since the prior trading session.
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