BUZZ-Teradyne on track for biggest gain since 2019 after co reports rev beat

Reuters
31 Jul
BUZZ-Teradyne on track for biggest gain since 2019 after co reports rev beat

** Shares of Teradyne TER.O were up 21.8% at $110.32 on Wed and on track for a record daily pct gain after the automation company late Tues reported stronger-than-expected quarterly rev

** The stock rose earlier as high as $110.50, its highest level since early March

** Demand for the company's semiconductor-testing equipment helped with results

** The median 12-mo PT on the co is $95, based on LSEG data

** Analyst recommendations including 10 "strong buy" or "buy" ratings, four "hold" ratings and four "sell" ratings, per LSEG

** Even with the session move, TER is down 12.4% YTD compared with a ~9.8% gain in the Nasdaq .IXIC

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@tr.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10