TER fell about 5.8% in a second sharp move today as the Nasdaq dropped and semiconductor-test peers sold off, with no new catalyst. The standing pressure came from UBS cutting its price target to $430 from $485 on October 30 source and Goldman Sachs lowering its target to $440 from $465 on October 29 source, while the broader risk-off tape amplified the decline. Trading volume was elevated but not itself an independent driver.
TER fell about 5.8% in a second sharp move today as the Nasdaq dropped and semiconductor-test peers sold off, with no new catalyst. The standing pressure came from UBS cutting its price target to $430 from $485 on October 30 source and Goldman Sachs lowering its target to $440 from $465 on October 29 source, while the broader risk-off tape amplified the decline. Trading volume was elevated but not itself an independent driver.