In a report released today, Mehdi Hosseini from Susquehanna reiterated a Buy rating on Teradyne (TER – Research Report), with a price target of $136.00. The company’s shares opened today at $99.71.
Hosseini covers the Technology sector, focusing on stocks such as Micron, Seagate Tech, and Advanced Energy. According to TipRanks, Hosseini has an average return of 11.1% and a 56.47% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teradyne with a $108.34 average price target, an 8.66% upside from current levels. In a report released today, Loop Capital Markets also maintained a Buy rating on the stock with a $110.00 price target.
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TER market cap is currently $16.11B and has a P/E ratio of 23.13.
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Teradyne, Inc. supplies automation equipment for test and industrial applications. It operates through the following segments: Semiconductor Test, System Test, Wireless Test, and Industrial Automation. The Semiconductor Test segment designs, manufactures, sells, and supports semiconductor test products and services which are used both for wafer level and device package testing. The Systems Test segment comprises of defense and aerospace, storage test, and production board test business unit. The Wireless Test segment designs, develops, and supports advanced wireless test equipment for the manufacturing of wireless devices such as smart phones, tablets, notebooks, laptops, personal computer peripherals, and other Wi-Fi, bluetooth, near field communication and cellular enabled devices. The Industrial Automation segment supplies collaborative robots that work side by side with production workers. The company was founded by Alexander V. d’Arbeloff and Nicholas DeWolf on September 23, 1960 and is headquartered in North Reading, MA.
Read More on TER:
- Teradyne Reports Fourth Quarter and Fiscal Year 2022 Results
- Teradyne to Announce Fourth Quarter and Full Year 2022 Results
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Teradyne initiated with a Buy at Jefferies on above-consensus estimates
- Teradyne initiated with a Buy at Jefferies