If you are wondering whether Teradyne’s current share price still reflects fair value, you are not alone. Many investors are asking whether the recent run leaves much upside on the table.
The stock last closed at US$271.13, with returns of 12.5% over 7 days, 21.9% over 30 days, 30.6% year to date, 140.5% over 1 year, 160.2% over 3 years and 94.3% over 5 years, which naturally raises questions about what is already priced in.
Recent attention on Teradyne has centered on its role in the semiconductor equipment industry and how investors are thinking about long term demand for testing and automation solutions. That context is important because shifts in expectations for these end markets often influence how much investors are willing to…
