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ATEYY - Teradyne At A 15-Year High On Strong 5G Demand
Advantest Corp ADR
Better than expected testing demand related to 5G has been a real boon for Teradyne (TER) this year, driving meaningfully higher demand for system-on-a-chip (or SoC) testing, including better-than-expected results in the third quarter and much, much better guidance for the fourth quarter. With that, the company is on pace for roughly 7% growth this year, against expectations at the start of the year for a modest decline due to the wider slowdown in the chip sector, and the shares are at their highest level in almost 20 years.