On August 27, Teradyne rose 3.21% in after-hours trading, trading at 370.31 USD/share, with turnover of $370 million.
On the news front, the semiconductor equipment sector has continued to strengthen in recent sessions, generating a clear sector-wide linkage effect. Among peers, KLA Corporation rose 2.05%, Applied Materials rose 1.3%, ASML rose 1.22%, and Lam Research rose 1.2%. Teradyne had previously come under pressure after Baird downgraded its rating from outperform to neutral while maintaining a $420 price target, compounded by a surge in long-term bond yields since mid-August that triggered broad weakness across the semiconductor space. The stock had recorded a significant cumulative decline from its highs, and the current sector-wide recovery is driving a technical rebound in oversold names including Teradyne. The FactSet consensus analyst average price target stands at $455.92 with an overweight rating.
(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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