UBS Thinks Teradyne’s Stock is Going to Recover

UBS analyst Timothy Arcuri maintained a Buy rating on Teradyne (TERResearch Report) today and set a price target of $120.00. The company’s shares closed last Thursday at $96.23, close to its 52-week low of $82.97.

According to TipRanks.com, Arcuri is a top 25 analyst with an average return of 27.8% and a 68.2% success rate. Arcuri covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Texas Instruments.

Teradyne has an analyst consensus of Moderate Buy, with a price target consensus of $117.81, a 21.6% upside from current levels. In a report issued on July 18, Evercore ISI also maintained a Buy rating on the stock with a $120.00 price target.

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Based on Teradyne’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $755 million and net profit of $162 million. In comparison, last year the company earned revenue of $782 million and had a net profit of $206 million.

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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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