Teradyne (TER)

• Market cap: $22.5B
• 1 day: 0.60%
• 5 days: 5.28%
• 1 month: 8.12%
• 3 months: 8.80%
• 6 months: -9.16%
• Year to date: 9.36%
• 1 year: 34.55%
• 5 years: 96.90%
• 10 years: 641.30%
• Sector: Industrials
• Industry: Instruments for Measuring & Testing of Electricity & Electrical Signals

About: Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems and wireless testing for devices. The firm entered the industrial automation market in 2015, into which it sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies directly and indirectly with its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.

Employees: 6,500

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

27% more repeat investments, than reductions

Existing positions increased: 304 | Existing positions reduced: 240

13% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 83

0% less funds holding

Funds holding: 742 [Q2] → 740 (-2) [Q3]

7.58% less ownership

Funds ownership: 108.52% [Q2] → 100.94% (-7.58%) [Q3]

12% less capital invested

Capital invested by funds: $25.1B [Q2] → $22B (-$3.11B) [Q3]

32% less call options, than puts

Call options by funds: $225M | Put options by funds: $333M

63% less funds holding in top 10

Funds holding in top 10: 8 [Q2] → 3 (-5) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $111 20% downside
• Avg. target: $136 2% downside
• High target: $158 14% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Northland Capital Markets Gus Richard 56% 1-year accuracy 18 / 32 met price target	11% upside $154	Outperform Upgraded	6 Jan 2025
JP Morgan Samik Chatterjee 60% 1-year accuracy 37 / 62 met price target	14% upside $158	Overweight Upgraded	16 Dec 2024
Craig-Hallum Christian Schwab 66% 1-year accuracy 25 / 38 met price target	20% downside $111	Hold Maintained	25 Oct 2024
Stifel Brian Chin 33% 1-year accuracy 8 / 24 met price target	10% downside $125	Hold Maintained	25 Oct 2024
Baird Richard Eastman 77% 1-year accuracy 17 / 22 met price target	4% downside $133	Outperform Maintained	25 Oct 2024