Teradyne named a ‘2024 Top Pick’ at Northland

Northland named Teradyne as the analyst’s second top pick for 2024, citing the belief that AI capabilities will become more prevalent in mobile phones this year and that processors will need to be chopped up into chiplets in order to accommodate an increasing number of transistors in mobile phone applications. The firm keeps an Outperform rating and $126 price target on Teradyne shares.