On August 28, Teradyne fell 3.11% in regular trading, trading at $359.15/share, with turnover of $197 million.

On the news front, the semiconductor equipment sector collectively weakened again, with peers Applied Materials down 2.78%, KLA Corporation down 2.94%, Lam Research down 2.56%, and AXT Inc down 7.7%, reflecting pronounced sector-wide linkage effects. Baird previously downgraded Teradyne from Outperform to Neutral while maintaining a $420 price target. Combined with surging long-term bond yields since mid-August that have continued to compress semiconductor sector valuations, short-term rebound momentum has faded and the stock resumed its pullback.

Teradyne reported strong Q2 results on July 28 with EPS of $2.47, and the current FactSet consensus analyst mean price target stands at $455.92 with an Overweight rating. The company also recently increased its stake in Technoprobe to 11.59% and announced a collaboration between subsidiary LitePoint and STMicroelectronics to validate next-generation ultra-wideband technology.

(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.)