Monthly Stock Report: Teradyne, Inc. (TER)
Publication Date: September 22, 2024
Company Overview
Teradyne, Inc. (NASDAQ: TER), based in North Reading, Massachusetts, is a technology leader specialized in semiconductor equipment and materials. Founded in 1960, Teradyne designs, develops, manufactures, and sells advanced automated test systems and robotics products globally. The company operates through four primary segments: Semiconductor Test, System Test, Robotics, and Wireless Test. Teradyne provides vital solutions across various sectors, including automotive, industrial, communications, and consumer electronics, serving a diverse clientele that includes integrated device manufacturers and semiconductor assembly firms. With a significant total revenue of approximately $2.7 billion, Teradyne continues to solidify its robust market position amid an evolving technology landscape.
Market Sentiment and Financial Performance
The Semiconductor Equipment & Materials industry has recently garnered a “buy” recommendation, buoyed by positive investor sentiment surrounding Teradyne. The current stock price is $128.95, with analysts setting a high target price of $180.00, reflecting a potential upside driven by increasing demand for semiconductor technologies. The average recommendation score stands at 2.3, based on insight from 17 analysts, indicating a consensus that TER is likely undervalued. Additionally, the stock has a considerable range of trading fluctuations, from its fifty-two week high of $163.21 to a low of $81.08. The current price remains slightly below the fifty-day moving average of $132.15, suggesting potential short-term resistance.
Short Interest and Liquidity Dynamics
Teradyne’s total outstanding shares are 163,176,000, with a short interest of approximately 0.0271%, indicating a low level of bearish sentiment among investors. This minimal short percent of float highlights potential stability within the stock price and reflects positive liquidity dynamics. With a target mean price of $142.42 and a median target price of $145.00 among analysts, market insights suggest that investors may find TER an attractive opportunity for growth. Overall, the current financial metrics and analysts’ outlook position Teradyne as a compelling candidate for stakeholders aiming for investment in the semiconductor industry.
| Metric | Value |
|---|---|
| Market Cap | $21.0b |
| Total Debt | $80.2m |
| Total Cash | $460.6m |
| Shares Outstanding | 163.2m |
| Float Shares | 162.5m |
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