Movement Alert|Teradyne Rises 3.33% Overnight, UBS Raises Target Price to $500 Amid Broad Semiconductor Equipment Strength

Market Focus07-21 11:45

On July 21, Teradyne rose 3.33% overnight, trading at $344.89 USD/share, with turnover of $966,700.

On the news front, UBS raised its target price on Teradyne from $440 to $500 while maintaining a Buy rating, marking the third major investment bank to upgrade its price target in recent weeks. Previously, JPMorgan raised its target from $400 to $450 on July 16 with an Overweight rating, and Goldman Sachs lifted its target from $350 to $465 on July 6. The consensus mean price target now stands at $437.53 according to FactSet, with an average Overweight rating.

The broader semiconductor equipment sector rallied in tandem, with Applied Materials up 3.0%, Lam Research up 3.23%, KLA-Tencor up 2.73%, and ASML up 1.67%. Teradyne is scheduled to report Q2 earnings on July 28 after market close, with consensus EPS expectations of $2.04.

(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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