Piper Sandler Sees 22% Upside In This Semiconductor Company

Piper Sandler analyst Weston Twigg initiated coverage of Teradyne Inc TER with an Overweight rating and a $137 price target, implying a 21.54% upside.
The analyst believes Teradyne will achieve "high growth" in its robotics segment while generating high margins and moderate growth in its core automated test segments.
While robotics revenue is only 10% of total), industrial automation tailwinds will make Teradyne an "attractive focus for investors as the segment expands," Twigg notes.
Teradyne Inc designs, develops and manufactures automatic test systems for semiconductors, wireless products, data storage, and electronic systems in the wireless, automotive, industrial, communications, aerospace, and defense industries.
Price Action: TER shares traded higher by 0.75% at $113.57 in the market session on the last check Friday.

Momentum18.41

Growth41.49

Quality70.40

Value53.71

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Medium

Long

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