On July 27, Teradyne fell 3.74% in regular trading, trading at 336.49 USD/share, with turnover of $142 million. Despite pre-market gains driven by multiple investment banks raising target prices, the stock reversed sharply during regular hours as sector-wide selling pressure intensified.

On the news front, memory stocks experienced a significant selloff, with Micron Technology down 5.82%, SK Hynix down 6.83%, and SanDisk down 7.10%, sending negative sentiment rippling through the semiconductor equipment sector. The broader equipment space declined in tandem, with Amkor Technology falling 5.97%, ASML down 4.19%, Lam Research down 3.47%, Applied Materials down 2.60%, and KLA down 2.47%.

Notably, earlier in pre-market trading Teradyne had risen 6.6% after UBS raised its target price to $500 from $440, JPMorgan lifted its target to $450 from $400, and Goldman Sachs raised its target to $465. The company is scheduled to report Q2 earnings on July 28 after market close, with consensus EPS expectations of $2.04, adding to pre-report volatility.

(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.)