TER - Teradyne: Testing Is Vital For The Semiconductor Industry

• Teradyne has recovered from 2020 COVID lows.
• The company thrives on complexity, signifying that as new generation semiconductor circuitry gets more complicated, more of it's testing gear is required.
• It is the strongest when compared to the competition and has diversified into robotics as well.
• There are short-term risks due to the current chip demand-supply imbalance.
• Finances look solid, with good profitability metrics, capital expenses in control and high cash levels, thus positioning the company as a buy.

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