On July 17, Teradyne fell 3.72% in pre-market trading, trading at $305.99/share, with turnover of $1.2113 million.
On the news front, chip stocks suffered broad-based selling with the VanEck Semiconductor ETF (SMH) closing down 3.70%. The semiconductor equipment sector extended its weakness, with Applied Materials down 5.71%, AXT Inc down 5.64%, Lam Research down 4.4%, KLA down 4.39%, and ASML down 2.44%. Teradyne has experienced intense volatility since plunging 9.59% on July 8, with profit-taking pressure repeatedly surfacing after sharp rebounds.
Additionally, the company disclosed two insider transactions: Director Smith Gregory Stephen sold 4,000 shares and Director Matz Marilyn sold 1,200 shares on July 15, totaling approximately $1.85 million in disposals, further intensifying short-term selling pressure. On the institutional side, JPMorgan raised its target price on Teradyne from $400 to $450 on July 16, maintaining an Overweight rating, though short-term selling pressure continues to dominate price action.
(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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