TER - Teradyne rises as Northland upgrades citing push in semiconductor test intensity

2023-09-26 07:32:58 ET

• Teradyne ( NASDAQ: TER ) shares rose more than 1% in pre-market trading on Tuesday as investment firm Northland Capital Markets upgraded the automation company, citing its belief that the semiconductor test market will increase in the future.
• Analyst Gus Richard raised his rating on Teradyne ( TER ) shares to outperform from market perform and boosted his price target to $126, noting that Taiwan Semiconductor's ( TSM ) transition to 3 nanometer nodes, as well as the increase in high-bandwidth memory dynamic random access memory, vertically integrated product companies and systems in packages will all drive testing intensity higher.
• Richard now expects Teradyne ( TER ) to earn $6.30 per share on an adjusted basis in 2025, up from a previous view. The Wall Street consensus for 2025 is also at $6.30 per share.
• Analysts are largely cautious on Teradyne ( TER ). It has a HOLD rating from Seeking Alpha authors , while Wall Street analysts rate it a BUY . Conversely, Seeking Alpha's quant system, which consistently beats the market, rates TER a HOLD .

For further details see: