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Teradyne (NASDAQ:TER) Stock, Rapport sur les intérêts à découvert

Teradyne

Teradyne, Inc. Common Stock

Teradyne, Inc.

Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems and wireless testing for devices. The firm entered the industrial automation market in 2015, into which it sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies directly and indirectly with its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.

Teradyne Inc

TERAFORCE TECH CORP by TeraForce Technology Corp.

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Terns Pharmaceuticals, Inc. - Common Stock

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Tern PLC

TRASMISSIONE ELECTR ORD by Terna Rete Elettrica Nazionale SPA

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Shares of semiconductor and chip stocks are trading lower in sympathy with Applied Materials, which fell after its Q1 financial results.

News

Buybacks

Teradyne Plans To Repurchase Up To Additional $100M Of Common Stock In The Remainder Of 2024 As Part Of Its Previously Announced $2B Share Repurchase Program

AEIS

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Shares of semiconductor stocks are trading lower. The sector may be under pressure following recent earnings from multiple companies in the sector.

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Craig-Hallum analyst Christian Schwab maintains Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Hold and lowers the price target from $124 to $111.

Price Target

Analyst Ratings

Craig-Hallum Maintains Hold on Teradyne, Lowers Price Target to $111

Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $135.0, with a high estimate of $160.00 and a low estimate of $117.00. Observing a 2.66% increase, the current average has risen from the previous average price target of $131.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1729875620_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Teradyne. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gus Richard</td>
<td>Northland Capital Markets</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$117.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Brian Chin</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$125.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Richard Eastman</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$133.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Overweight</td>
<td>$160.00</td>
<td>-</td>
</tr>
<tr>
<td>Richard Eastman</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$120.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Teradyne. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Teradyne compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Teradyne's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Teradyne's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TER/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Teradyne analyst ratings.</a>
<h2>About Teradyne</h2>
Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems and wireless testing for devices. The firm entered the industrial automation market in 2015, into which it sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies directly and indirectly with its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.
<h3>Teradyne's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Teradyne showcased positive performance, achieving a revenue growth rate of 6.64% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Teradyne's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 25.52%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.04%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Teradyne's ROA excels beyond industry benchmarks, reaching 5.29%. This signifies efficient management of assets and strong financial health.
Debt Management: Teradyne's debt-to-equity ratio is below the industry average. With a ratio of 0.03, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Teradyne: Insights From 5 Financial Analysts

Northland Capital Markets analyst Gus Richard maintains Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Market Perform and lowers the price target from $126 to $117.

Northland Capital Markets Maintains Market Perform on Teradyne, Lowers Price Target to $117

Stifel analyst Brian Chin maintains Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Hold and lowers the price target from $140 to $125.

Stifel Maintains Hold on Teradyne, Lowers Price Target to $125

Baird analyst Richard Eastman maintains Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Outperform and lowers the price target from $140 to $133.

Baird Maintains Outperform on Teradyne, Lowers Price Target to $133

Teradyne shares are trading lower. The company reported Q3 financial results.

Guidance

Teradyne Expects Q4 Revenue Of $710M - $760M, Adj EPS Of $0.80 - $0.97

Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.78 by 15.38 percent. This is a 12.5 percent increase over earnings of $0.80 per share from the same period last year. The company reported quarterly sales of $737.30 million which beat the analyst consensus estimate of $716.40 million by 2.92 percent. This is a 4.77 percent increase over sales of $703.73 million the same period last year.

Earnings

Earnings Beats

Teradyne Q3 2024 Adj EPS $0.90 Beats $0.78 Estimate, Sales $737.30M Beat $716.40M Estimate

Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Teradyne to report an earnings per share (EPS) of $0.78.
Investors in Teradyne are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
The company's EPS beat by $0.09 in the last quarter, leading to a 13.38% drop in the share price on the following day.
Here's a look at Teradyne's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.77</td>
<td>0.33</td>
<td>0.71</td>
<td>0.73</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.86</td>
<td>0.51</td>
<td>0.79</td>
<td>0.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-13.0%</td>
<td>8.0%</td>
<td>-8.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729609264_0_0.png" alt="eps graph" />
<h3>Performance of Teradyne Shares</h3>
Shares of Teradyne were trading at $125.93 as of October 21. Over the last 52-week period, shares are up 43.2%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Insights Shared by Analysts on Teradyne</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Teradyne.
The consensus rating for Teradyne is Neutral, based on 8 analyst ratings. With an average one-year price target of $149.62, there's a potential 18.81% upside.
<h3>Peer Ratings Comparison</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Entegris, Enphase Energy and Onto Innovation, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>As per analysts' assessments, Entegris is favoring an Buy trajectory, with an average 1-year price target of $143.83, suggesting a potential 14.21% upside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Enphase Energy, with an average 1-year price target of $112.53, indicating a potential 10.64% downside.</li>
<li>As per analysts' assessments, Onto Innovation is favoring an Outperform trajectory, with an average 1-year price target of $255.0, suggesting a potential 102.49% upside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary provides a snapshot of key metrics for Entegris, Enphase Energy and Onto Innovation, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Teradyne</td>
<td>Neutral</td>
<td>6.64%</td>
<td>$425.84M</td>
<td>7.04%</td>
</tr>
<tr>
<td>Entegris</td>
<td>Buy</td>
<td>-9.81%</td>
<td>$375.82M</td>
<td>1.95%</td>
</tr>
<tr>
<td>Enphase Energy</td>
<td>Neutral</td>
<td>-57.33%</td>
<td>$137.17M</td>
<td>1.20%</td>
</tr>
<tr>
<td>Onto Innovation</td>
<td>Outperform</td>
<td>27.10%</td>
<td>$128.24M</td>
<td>2.93%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Teradyne ranks highest in revenue growth among its peers. It also leads in gross profit margin. However, it has the lowest return on equity compared to its peers.
<h3>All You Need to Know About Teradyne</h3>
Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems and wireless testing for devices. The firm entered the industrial automation market in 2015, into which it sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies directly and indirectly with its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.
<h3>Teradyne: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Teradyne showcased positive performance, achieving a revenue growth rate of 6.64% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Teradyne's net margin excels beyond industry benchmarks, reaching 25.52%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.04%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Teradyne's ROA excels beyond industry benchmarks, reaching 5.29%. This signifies efficient management of assets and strong financial health.
Debt Management: Teradyne's debt-to-equity ratio is below the industry average. With a ratio of 0.03, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/TER/earnings">To track all earnings releases for Teradyne visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: Teradyne's Earnings Preview

ARM,QCOM,NVDA,MU,AMD,TSM,AVGO,NXPI,LRCX,INTC,ASML,ON,RMBS,LSCC,GFS,TSEM,SIMO,ADI,KLAC,MCHP,STM,AMAT

ACLS

ACMR

ASML

FSLR

KLIC

LSCC

MPWR

NVMI

RMBS

SIMO

TSEM

UCTT

Shares of chip stocks are trading lower in sympathy with ASML, which fell after issuing soft guidance. Some stocks in the sector may also be down on reports indicating the US is discussing curbing chip exports to some countries.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock&#39;s price, do they really matter?
Let&#39;s take a look at what these Wall Street heavyweights have to say about Teradyne (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ter#NASDAQ">TER</a>) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Teradyne currently has an average brokerage recommendation of 1.81, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 16 brokerage firms. An ABR of 1.81 approximates between Strong Buy and Buy.
Of the 16 recommendations that derive the current ABR, 10 are Strong Buy, representing 62.5% of all recommendations.
<h2>Brokerage Recommendation Trends for TER</h2>
<img alt="Broker Rating Breakdown Chart for TER" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/TER_10112024.png" style="width:100%" title="" /> 
The ABR suggests buying Teradyne, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every &quot;Strong Sell&quot; recommendation, brokerage firms assign five &quot;Strong Buy&quot; recommendations.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock&#39;s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
<h2>Zacks Rank Should Not Be Confused With ABR</h2>
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
<h2>Should You Invest in TER?</h2>
Looking at the earnings estimate revisions for Teradyne, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.02.
Analysts&#39; steady views regarding the company&#39;s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Teradyne.
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Teradyne.
<a href="https://www.zacks.com/stock/news/2349267/teradyne-ter-is-considered-a-good-investment-by-brokers-is-that-true?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2349267">To read this article on Zacks.com click here.</a>

Markets

Teradyne Is Considered a Good Investment by Brokers: Is That True?

Shares of semiconductor stocks are trading higher. The sector may be rebounding after falling amid a broader market dip on Tuesday.

MTSI

SELX

Shares of companies in the broader semiconductor and chip sector are trading lower amid overall market weakness after Iran launched a missile attack on Israel.

Teradyne's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TER#NYSE">TER</a>) short percent of float has risen 6.32% since its last report. The company recently reported that it has 4.16 million shares sold short, which is 3.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Teradyne Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727787626_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Teradyne has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Teradyne's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Teradyne's peer group average for short interest as a percentage of float is 6.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Teradyne?

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Moat Stocks Review: Navigating Bonds, Beauty And Battleships

The robotics market is booming thanks to the robust enterprise and consumer demand fueled by technological advancements like AI and ML. Therefore, it could be suitable to invest in fundamentally strong robotics stocks Rockwell Automation (ROK), Teradyne (TER), and UiPath (PATH) for substantial benefit. Read on... The prevalence of robotics and its application is rapidly surging among organizations to boost their efficiency and productivity and for the adoption of the latest technologies. Robotics has emerged as a prominent force in modern industrial operations, and the trend is set to continue in the future.
Given the industry's strong outlook, investors could consider solid robotics stocks Rockwell Automation, Inc. (<a href="https://stocknews.com/stock/ROK/">ROK</a>), Teradyne, Inc. (<a href="https://stocknews.com/stock/TER/">TER</a>), and UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>), which are automating industries.
Amid the rapid progress in artificial intelligence (AI) and machine learning (ML), coupled with surging demand for new innovations, labor shortage, and changing government regulations, the robotics market is well-positioned for expansion and growth in the coming years.
The increasing application of robotics around the world across various industries has been a boon to both consumers and enterprises. The industrial robot market has grown at a robust pace and is anticipated to continue growing as automation becomes ever more vital to businesses.
With this, <a href="https://www.statista.com/outlook/tmo/robotics/worldwide">revenue in the robotics market</a> is projected to reach $46.11 billion in 2024, with service robotics dominating the market at $36.20 billion in the same period. Also, most revenue is expected to be generated in the US of $9.42 billion in 2024 compared to other regions.
Further, IMARC Group expects the global robotics market to reach $178.70 billion by 2033, <a href="https://www.imarcgroup.com/robotics-market">exhibiting a notable CAGR of 16.4%</a>. The market is growing rapidly, driven by rapid technological advancements in AI and ML, increasing labor shortages, and escalating demand for automation.
Given the industry's robust outlook, investing in fundamentally strong robotics stocks ROK, TER, and PATH could be wise.
Let's discuss the fundamentals of these stocks in detail:
Rockwell Automation, Inc. (<a href="https://stocknews.com/stock/ROK/">ROK</a>)
ROK offers industrial automation and digital transformation solutions internationally. The company operates in three segments, Intelligent Devices; Software &amp; Control; and Lifecycle Services. The company's solutions include hardware and software products and services.
On November 20, ROK and Microsoft Corporation, a leading global technology company, expanded their strategic collaboration aimed at revolutionizing industrial transformation. Under the partnership, the companies will provide manufacturing customers with advanced cloud and AI solutions.
The strategic partnership is aimed at delivering advanced cloud and AI solutions, empowering manufacturers with enhanced data insights, operational efficiency, and sustainable growth across the industry.
On November 12, ROK announced its integration with NVIDIA Omniverse application programming interfaces into its Emulate3D&#x2122; digital twin software to enhance factory operations through artificial intelligence and physics-based simulation technology.
ROK reported sales of $2.04 billion for the fourth quarter that ended on September 30, 2024, and its <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%2C%20or%20gross%20income,fluctuate%20compared%20to%20production%20output.">gross profit</a> was $770.60 million for the period. The company's adjusted income and adjusted EPS came in at $281.90 million and $2.47 for the quarter, respectively.
Analysts expect ROK's revenue and EPS for the fiscal year (ending September 2026) to increase 8.4% and 18.6% year-over-year to $8.82 billion and $11.24, respectively. Further, the company has topped the consensus EPS estimates in three of the trailing four quarters.
ROK's stock has surged 10.8% over the past month and 15.5% over the past six months to close the last trading session at $298.70.
ROK's solid outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Momentum and Quality. Within the A-rated <a href="https://stocknews.com/category/industrial-machinery/">Industrial - Machinery</a> industry, ROK is ranked #72 among 79 stocks.
<a href="https://stocknews.com/stock/ROK/">Click here</a> to access additional ratings of ROK (Stability, Value, Sentiment, and Growth).
Teradyne, Inc. (<a href="https://stocknews.com/stock/TER/">TER</a>)
TER designs, develops, manufactures, and sells automated test systems and robotics products globally. The company operates in four segments; Semiconductor Test; System Test; Robotics; and Wireless Test. The company offers products and services for wafer level and device package testing of semiconductor devices.
On October 22, TER's wholly owned subsidiary LitePoint, a leading provider of wireless test solutions, and Pegatron 5G, a leading provider of end-to-end 5G product solutions, entered into a collaboration to drive the future of 5G. Recently, Pegatron leveraged LitePoint's IQFR1-RU O-RAN test system to demonstrate the advanced 2 Carrier Components (2CC) capability.
2CC allows the combination of two component carriers on the downlink, which significantly enhances data throughput and capacity. This capability improves the delivery of high-performance 5G services in dense urban environments and other areas with high demand.
For the third quarter that ended on September 29, 2024, TER's net revenues increased 4.8% year-over-year to $737.30 million. Its gross profit rose 9.6% from the prior year's period to $436.51 million. The company's non-GAAP income from operations of $165 million reflects growth of 6% from the previous year's quarter.
Furthermore, the company's non-GAAP net income stood at $147.60 million or $0.90 per common share, up 12.2% and 12.5% year-over-year, respectively.
Analysts expect TER's revenue for the fourth quarter (ending December 2024) to increase 10.4% year-over-year to $740.58 million. For the same period, its EPS is expected to grow 14.8% year-over-year to $0.91. Further, the company topped the consensus EPS estimates in all trailing four quarters.
Over the past year, the stock has gained 20.4% to close the last trading session at $110.67.
TER's sound fundamentals are reflected in its POWR Ratings. TER has a B grade for Quality. It is ranked #51 among the 90 stocks within the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
To see the other ratings of TER for Value, Momentum, Stability, Sentiment, and Growth, <a href="https://stocknews.com/stock/TER/">click here</a>.
UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>)
PATH provides an end-to-end automation platform offering a diverse range of international robotic process automation (RPA) solutions internationally. It provides a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.
On October 23, PATH announced that Banco Azteca is transforming its operations and achieving significant efficiency gains with the strategic implementation of its AI and automation. With the integration of PATH's platform, Banco attained unparalleled speed and accuracy in processing high-volume tasks and boosted productivity by over 50%.
On the same date, the company announced the successful implementation of its Platform by the La Française des Jeux. The platform will revolutionize key business processes of the company through three innovative projects.
During the second quarter that ended July 31, 2024, PATH's total revenue rose 10.1% from the year-ago value to $316.25 million. Its non-GAAP gross profit grew 6.6% from the prior-year quarter to $263.18 million. Also, the company's non-GAAP net income totaled $23.76 million or $0.04 per share for the quarter, respectively.
In addition, as of July 31, 2024, the company's non-GAAP adjusted free cash flow was $149.78 million.
For the fiscal year (ending January 2026), analysts expect PATH's revenue to grow 11% year-over-year to $1.58 billion. For the same year, the company's EPS is expected to increase 10.4% year-over-year to $0.44. Also, it has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is remarkable.
PATH's stock has surged 16.1% over the past month to close the last trading session at $14.50.
PATH's POWR Ratings reflect its promising prospects. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
PATH has a B grade for Quality. It is ranked #10 among 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see PATH's ratings for Stability, Momentum, Sentiment, Growth, and Value <a href="https://stocknews.com/stock/PATH/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ROK shares were trading at $294.09 per share on Tuesday morning, down $4.61 (-1.54%). Year-to-date, ROK has declined -3.51%, versus a 27.23% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/rok-ter-path-3-robotics-companies-automating-industries/>3 Robotics Companies Automating Industries</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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