Teradyne stock drops 12% in past 6 months, facing challenges but shows revenue growth

From Nasdaq: 2024-12-27 09:59:00

Teradyne (TER) shares have dropped 11.8% in the past six months, while the Computer & Technology sector rose by 8.5%. Soft demand in non-semiconductor test businesses and slow Wi-Fi 7 ramp-up are challenges. However, strong AI demand and robotics market opportunities led to a 5% revenue increase in Q3 2024.

Teradyne’s robotics business grew 8% in Q3 2024, driven by new product launches and partnerships like with NVIDIA for AI integration. The company expects Q4 2024 revenues between $710 million and $760 million, with a Zacks Consensus Estimate of $740.68 million. Competition from industrial robot manufacturers remains a challenge.

Despite facing competition, TER’s outlook remains positive with revenue growth and key partnerships. Investors should consider the company’s valuation and Zacks Rank #3 (Hold) before making investment decisions. Teradyne’s collaboration with NVIDIA and Siemens aims to enhance robotics solutions and showcase advanced capabilities in manufacturing automation.

Zacks is naming its top 10 stocks for 2025, with history showing significant performance gains. Director of Research Sheraz Mian has selected the best 10 tickers for the upcoming year. The Zacks Top 10 Stocks have outperformed the S&P 500 by a wide margin. Don’t miss out on the opportunity to access these stock picks on January 2.



Read more at Nasdaq: Teradyne Stock Plunges 12% in the Past 6 Months: Buy the Dip or Wait?