11 IT Stocks Move in Wednesday's Intraday Session: Soluna Holdings, Teradyne, and More

Several information technology stocks are moving in Wednesday's intraday session. Gainers include Soluna Holdings (SLNHP), Teradyne (TER), Toyo Co (TOYO), Blackbaud (BLKB), Littelfuse (LFUS), and BeLive Holdings (BLIV). Losers include ScanTech AI Systems (STAI), Global Engine Group (GLE), Nvni Group (NVNI), Next Technology Holding (NXTT), and Universal Security (UUU).

Several information technology stocks experienced notable movements in Wednesday's intraday session. Gainers included Soluna Holdings (SLNHP), Teradyne (TER), Toyo Co (TOYO), Blackbaud (BLKB), Littelfuse (LFUS), and BeLive Holdings (BLIV). Meanwhile, losers were ScanTech AI Systems (STAI), Global Engine Group (GLE), Nvni Group (NVNI), Next Technology Holding (NXTT), and Universal Security (UUU).

Teradyne (TER) was one of the standout performers, with its shares jumping 18.9% to close at $107.65 [2]. The company reported its second-quarter earnings, beating most of Wall Street's targets. While the earnings per share (EPS) and revenue figures slightly topped expectations, the top line fell by 11% year over year (YOY). Looking ahead, Teradyne expects sales for Q3 of between $710 million and $770 million, above Wall Street targets. However, it missed on its EPS guidance, setting a range of between $0.69 and $0.87, well below the expected $0.89 [1].

The company's CEO, Greg Smith, noted that AI-related testing is expected to drive growth in the second half of the year. Cantor Fitzgerald analysts maintained their "overweight" rating for the stock, citing AI growth prospects [1]. Despite the lower-than-expected earnings guidance, the analysts were not phased and maintained their rating.

Littelfuse (LFUS) also saw its share price increase, with the company announcing a US$0.75 per share cash dividend and providing third-quarter earnings guidance with expected net sales between US$610 million and US$630 million [3]. This guidance suggests management's confidence in the company's ongoing performance and anticipates stronger sales ahead.

References:
[1] https://finance.yahoo.com/news/why-teradyne-stock-soared-18-221500267.html
[2] https://finance.yahoo.com/news/teradyne-ter-soars-18-8-102957851.html
[3] https://simplywall.st/stocks/us/tech/nasdaq-lfus/littelfuse/news/does-littelfuses-lfus-dividend-and-sales-guidance-reveal-its