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Teradyne (TER) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Amova Asset Management Americas Inc. decreased its holdings in Teradyne, Inc. (NASDAQ: TER) by 49.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 555,597 shares of the company's stock after selling 544,236 shares during the quarter. Teradyne accounts for approximately
TER, FORM, AMKR and CRDO decline about 30% in a month, but AI chip testing, packaging and high-speed connectivity demand may support a recovery.
Teradyne is uniquely positioned in AI-driven semiconductor testing, with 70% of Q1 demand from AI and 87% of revenue from semi testing. Despite a recent 30% pullback, I initiate TER at Buy, targeting $407 (26% upside), based on robust AI demand and superior earnings power. TER's 2026 revenue is projected at $5B with $8.00 EPS, outpacing Street estimates, and 2027 EPS could reach $11 if AI demand persists.
The disposition of 1,200 shares on July 15 generated a transaction value of about $428,000. The transaction represented a 7% reduction in the director's total direct equity holdings.
I rate Teradyne a buy with a $484 price target, implying 43% upside from the current level of $339. TER's earnings model is being rebuilt around AI, benefiting from increased chip complexity and broader testing requirements across the AI supply chain. I estimate AI compute, photonics, robotics, and a recovery in mobile, automotive, and industrial testing can add approximately $5.11 in incremental EPS.
Teradyne (TER) reached $342.12 at the closing of the latest trading day, reflecting a -3.15% change compared to its last close.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.