Teradyne (TER) Gets Buy Rating as Semiconductor Demand Rises

Teradyne, Inc. (NASDAQ:TER) ranks among the 10 best new stocks to buy in Ray Dalio’s portfolio. On December 15, Goldman Sachs raised Teradyne, Inc. (NASDAQ:TER) from Sell to Buy and boosted its price target to $230 from $148, noting anticipated expansion in the company’s semiconductor test division. Teradyne, Inc. (NASDAQ:TER) reported solid third-quarter earnings, with revenue jumping 18% quarter-over-quarter, mostly due to artificial intelligence-related demand from large-scale datacenter expansions.

The firm had previously taken a cautious approach on Teradyne, Inc. (NASDAQ:TER) due to predictions of a slow recovery in the mobile industry, which it admits has mostly occurred as expected.

Additionally, Teradyne, Inc. (NASDAQ:TER) revealed plans to establish a new US Operations Hub in Wixom, Michigan, by 2026. This facility will manufacture industrial collaborative robots, with the potential to build MiR autonomous mobile robots in the future. The hub is projected to generate more than 200 job opportunities and serve as a regional center for client education and services.

Teradyne, Inc. (NASDAQ:TER) designs, develops, and manufactures automated test equipment (ATE) and advanced robotics systems for the manufacturing and electronics industries.

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