Teradyne (TER) Gets a Buy Rating from Evercore ISI

In a report issued on July 27, C J Muse from Evercore ISI maintained a Buy rating on Teradyne (TERResearch Report), with a price target of $120.00. The company’s shares closed last Thursday at $98.95.

According to TipRanks.com, Muse is a 5-star analyst with an average return of 16.6% and a 59.3% success rate. Muse covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Universal Display, and Texas Instruments.

Teradyne has an analyst consensus of Moderate Buy, with a price target consensus of $116.13, a 19.8% upside from current levels. In a report issued on July 27, D.A. Davidson also maintained a Buy rating on the stock with a $120.00 price target.

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Teradyne’s market cap is currently $15.69B and has a P/E ratio of 20.67.

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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.

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