Teradyne, Inc.’s Stock Price Takes a Dip to $128.99, Recording a 3.69% Drop: What’s Next?

Teradyne, Inc. (TER)

128.99 USD -4.94 (-3.69%) Volume: 2.25M

Teradyne, Inc.’s stock price stands at 128.99 USD, experiencing a dip of 3.69% in this trading session with a trading volume of 2.25M. Yet, the robust performance YTD with a positive change of 18.86% highlights its strong market presence and potential for growth.

Latest developments on Teradyne, Inc.

Teradyne Inc. (NASDAQ: TER) has been making headlines recently with various events impacting its stock price. Marshall Wace LLP decreased its stock holdings in Teradyne, Inc., while Craig-Hallum maintained a buy recommendation for the semiconductor tester stock. Additionally, D. E. Shaw & Co. Inc. increased its stake in Teradyne, Inc., indicating confidence in the company’s future prospects. On the other hand, Teradyne’s stock fell amid a market uptick, prompting investors to closely monitor the situation. With MBB Public Markets I LLC making a new investment in Teradyne, Inc., analysts have given the company a consensus rating of “hold,” suggesting a mixed outlook for the stock in the near future. Despite these fluctuations, Teradyne remains poised for AI-driven growth according to its SWOT analysis.

Teradyne, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Teradyne Inc, a leading provider of automated test equipment. In their report titled “Teradyne Inc.: Expansion into High-Payload Robotics and Channel Growth Is A Critical Growth Lever! – Major Drivers,” they highlighted the company’s mixed financial results in the second quarter of 2024. Teradyne saw robust performance in its System on Chip (SOC) and Memory segments, driven by increased demand from cloud AI applications and solid deliveries in the Compute sector due to AI data center requirements.

In another report by Baptista Research on Smartkarma, titled “Teradyne Inc.: How Will The Memory Market Volatility Impact Its Business? – Major Drivers,” analysts discussed how Teradyne exceeded its revenue, gross margin, and earnings guidance ranges in the first quarter of 2024. The company’s strong performance in Memory and SOC segments, fueled by AI applications, contributed to this success. Despite a weaker mobile sector performance, Teradyne’s Robotics business met expectations for a third consecutive quarter, showcasing the company’s resilience in the face of market challenges.

A look at Teradyne, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Teradyne Inc has a mixed outlook according to Smartkarma Smart Scores. While the company scores well in resilience and growth, with a score of 4 and 3 respectively, it lags behind in value and dividend scores, both at 2. This indicates that the company may face challenges in terms of its valuation and dividend payouts. However, with a momentum score of 3, there is potential for the company to build on its current strengths and improve its overall outlook in the long term.

Teradyne Inc, a company that designs, manufactures, and sells semiconductor test products and services globally, is positioned with a moderate outlook based on Smartkarma Smart Scores. With a focus on semiconductor test systems, military/aerospace test instrumentation, circuit-board test and inspection systems, and automotive diagnostic and test systems, the company’s growth potential is evident with a score of 3. While it may need to work on enhancing its value and dividend scores, its resilience score of 4 suggests that it is well-equipped to weather challenges and maintain stability in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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