35 AI Superstars According to Goldman Sachs

32. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 41

Teradyne, Inc. (NASDAQ:TER) designs, develops, manufactures, and sells automated test systems and robotics products globally. The company serves key markets such as semiconductors, defense, storage, and wireless testing. It is scheduled to release its Q3 earnings later this month, with analysts forecasting a profit of $0.78 per share, a slight decline from the $0.80 per share reported in the same quarter last year. Notably, the company has exceeded Wall Street’s earnings expectations for the past four quarters, including a 13.2% beat in the previous quarter. For fiscal 2024, analysts project an EPS of $3.02, reflecting a 3.1% increase from the $2.93 reported in 2023.

Teradyne, Inc. (NASDAQ:TER) had historically been heavily exposed to the Chinese market, but has since relocated business elsewhere amid US export controls. Earlier this year, the company claimed that it had pulled $1 billion worth of manufacturing projects in China. This led to a close to 4% drop in revenues from China for the company during the end of last year, down from 16% to around 12%.