Jim Cramer on Teradyne: "It's Been a Spawning Ground for Some Incredible Execs"

Teradyne, Inc. (NASDAQ:TER) is one of the noteworthy Q3 stocks Jim Cramer was focused on. Cramer said that it has always been an “incredibly well-run” company. He stated:

“Next, Teradyne, another old-line tech company. This one makes test and measurement equipment for the semiconductor industry, among a host of others. Teradyne has always been an incredibly well-run company, and it’s been a spawning ground for some incredible execs. Stock was up 53% for the quarter.”

Teradyne, Inc. (NASDAQ:TER) supplies automated test equipment for semiconductor devices across industries such as automotive, communications, consumer electronics, and computing. The company also provides collaborative robots, mobile robotics, test instrumentation, and wireless testing solutions for manufacturing and industrial applications. During the April 3 episode, when a caller inquired about the stock, Cramer replied:

“No, not yet, no. Teradyne not yet because we are not going to buy semiconductor test equipment in this.… right now when the semiconductors are lagging so badly, we can’t go there.”

Since the above comment was aired, the stock has gained almost 90%.

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Disclosure: None. This article is originally published at Insider Monkey.