Teradyne: AI-Driven Test Dominance; Initiate Strong Buy

We initiate on Teradyne, Inc. ( TER ) with a Strong Buy rating and $113 PT. Teradyne designs and manufactures automatic test equipment in semiconductor, system, industrial automation, and wireless. Our thesis is based on our FY25 EPS (Dil) of$3.36 (+1.0% y/y vsMoretus Research delivers state-of-the-art, buy-side quality equity research for serious investors seeking clarity, conviction, and alpha. Focused on U.S. public markets, Moretus applies a structured, repeatable framework to identify companies with d ...