NEW YORK, Dec. 27, 2025, 4:46 p.m. ET — Market closed
Teradyne, Inc. (NASDAQ: TER) heads into the final stretch of 2025 with its stock consolidating just under the $200 level after a quiet, holiday-thinned finish to the week. With U.S. equity markets closed for the weekend, investors are weighing two forces that have defined TER’s recent narrative: accelerating demand tied to artificial-intelligence infrastructure and a drumbeat of analyst commentary that’s kept expectations—and valuation debates—front and center.
Where Teradyne stock stands heading into Monday
Teradyne shares last changed hands at about $198.90, with the latest available quote reflecting Friday’s regular session close and a modest move versus the prior close. [1] In Friday’s session, TER traded between $196.73 and $199.47 on volume around 1.24 million shares, according to historical pricing data. [2]
In extended trading, TER was indicated around $199, roughly flat-to-slightly higher after the close. [3]
With markets shut until Monday, that “last print” matters: it’s the reference point many brokers will use for weekend watchlists, while price discovery will resume when pre-market activity returns and the regular session reopens.
Market backdrop: thin volume, “Santa Claus rally” watch
Teradyne’s next trading day arrives against a year-end tape that’s been characterized by lighter volume and a holiday calendar that can amplify individual moves. On Friday, Wall Street ended nearly unchanged in a light-volume post-Christmas session. Ryan Detrick, chief market strategist at Carson Group, described the pause as the market “catching our breath,” while noting the seasonal “Santa Claus rally” window that runs into early January. [4]
That broader context matters for TER because it’s a high-beta semiconductor-linked name—often more sensitive to sentiment swings in megacap tech, AI infrastructure spending expectations, and year-end positioning.
What’s new in the last 24–48 hours: weekend reads and filings
Because it’s the weekend, there have been few fresh, company-issued headlines. Teradyne’s investor relations site still lists earlier corporate updates (for example, a quarterly dividend announcement from November) rather than brand-new late-week press releases. [5]
Still, several items published within roughly the past two days are shaping the weekend conversation:
- Institutional-position coverage tied to filings: MarketBeat published a report Saturday highlighting that Kempner Capital Management trimmed its Teradyne stake in the third quarter, based on the manager’s disclosed holdings. [6] Another MarketBeat item Saturday also pointed to SWS Partners initiating a position in TER, again drawing from quarterly disclosures. [7]
Investor takeaway: these are backward-looking snapshots (Q3 positioning), but they can influence sentiment when a stock is near a 52-week high and investors are looking for signals on institutional conviction. - Fresh valuation and relative-performance commentary: Trefis published new weekend analysis comparing Teradyne with peers and arguing investors should reassess valuation after a recent run. [8] In a separate Saturday note, Trefis attributed TER’s recent momentum in part to a Goldman Sachs upgrade earlier in December and framed the move as a prompt to recheck upside versus risk. [9]
Investor takeaway: these pieces are third-party analysis, but they reflect the push-pull investors are feeling: strong AI exposure versus a stock price that’s already rallied significantly.
Analyst outlook: Goldman, Stifel, and a higher bar for 2026
The biggest analyst “catalyst” in December has been a notable shift in tone from at least one major bank. According to TheFly via TipRanks, Goldman Sachs analyst James Schneider double-upgraded Teradyne to Buy from Sell and lifted his price target to $230 from $148, citing continued hyperscaler AI spending and tailwinds into 2026. [10]
Investing.com also reported Goldman’s move, describing the upgrade as tied to expected growth in Teradyne’s semiconductor test segment and ongoing AI-driven demand. [11]
Teradyne has also seen bullish positioning from other firms. Earlier in December, Stifel upgraded TER to Buy and raised its price target to $225 from $162, pointing to what it described as a more favorable mix and AI-test market potential. [12]
The common thread across the more optimistic calls: AI compute, networking, and memory test demand could keep utilization and orders healthier than the more cyclical mobile/consumer segments.
The fundamental foundation: AI test demand, guidance, and the Teradyne story
Teradyne’s own commentary has been broadly consistent with the “AI-driven test” narrative. In its third-quarter 2025 release, CEO Greg Smith said growth was driven largely by System-on-a-Chip solutions for AI applications and strong memory performance, adding that AI-related test demand remained robust across compute, networking, and memory segments. [13]
Teradyne also laid out fourth-quarter guidance ranges in that same update, which helped reset expectations for the company’s earnings power coming out of 2025. [14]
Separately, Reuters reported in late October that Teradyne forecast fourth-quarter revenue above Wall Street expectations and announced a CFO transition, a moment that underscored how sensitive the stock can be to guidance and forward demand signals. [15]
Don’t ignore robotics: a second leg to the narrative
While semiconductor test remains central to the TER valuation debate, investors have also been tracking Teradyne’s robotics expansion. In December, Teradyne Robotics announced plans for a new U.S. Operations Hub in Metro Detroit to manufacture Universal Robots collaborative robots, with potential to add MiR autonomous mobile robots later. [16]
In the announcement, Jean-Pierre Hathout, President of the Teradyne Robotics Group, framed the hub as a step to support advanced robotics growth in America and expand service and training capabilities. [17] Local reporting also quoted Justin Brown, Chief Commercial Officer of the Teradyne Robotics Group, on the strategic value of locating near U.S. manufacturing and innovation. [18]
For TER stockholders, the robotics segment is often seen as a longer-duration option on factory automation—less immediately tied to the AI chip cycle, but potentially supportive of the broader growth multiple if execution is strong.
What forecasts are saying now (and why they differ)
Price-target aggregates continue to show wide dispersion—typical for a stock that has rallied hard and sits at the intersection of AI optimism and cyclical risk.
- TipRanks shows an average target above $200 with a wide high/low range. [19]
- MarketBeat’s consensus snapshot, by contrast, lists a lower average target and explicitly frames it as downside from recent prices. [20]
- Zacks also publishes a price-target consensus range based on a subset of analysts. [21]
The gap is not just noise: different services capture different analyst universes, update timing, and methodology. For investors, the more useful read-through is what’s driving the targets—AI test share, memory recovery (including HBM/DRAM), and whether mobile/automotive demand stabilizes.
Market is closed—what investors should know before the next session
With U.S. equities closed for the weekend, here’s what matters most for TER before Monday’s open:
1) Holiday calendar and liquidity can move stocks more than usual.
Trading remains open in the final week of the year, with New Year’s Day (Jan. 1, 2026) a market holiday. [22] Thin participation can widen spreads and exaggerate breakouts or pullbacks.
2) Extended-hours has ended; the next real “tell” will be pre-market risk appetite.
On NYSE venues, the late trading session runs to 8:00 p.m. ET, after which the market is effectively shut until the next trading day. [23] For TER, the next directional clue will likely come from broader semicap sentiment and any weekend macro headlines.
3) TER remains headline-sensitive to AI infrastructure signals.
Analyst notes have emphasized hyperscaler AI spending and memory/compute test demand as key pillars for 2026 expectations. [24] If Monday’s tape is driven by AI leaders, TER often trades in sympathy.
4) Watch for filings and commentary, but separate signal from lagging indicators.
Weekend stories about institutional holdings are based on prior-quarter disclosures—useful context, not real-time positioning. [25]
5) Earnings timing: keep the next report window on your radar.
Upcoming earnings dates can shift, but Zacks currently flags early February 2026 as the expected next report period. [26] As the date approaches, options pricing and analyst revisions often become a bigger driver than day-to-day news flow.
Bottom line for Teradyne stock
Teradyne enters the next session near $199 with the market’s “Santa Claus rally” window underway and analysts increasingly focused on AI-driven test demand into 2026. [27] The bull case leans on continued hyperscaler spending, memory test strength, and potential share gains in advanced GPU/ASIC testing—points echoed in recent upgrades from Goldman and Stifel. [28] The bear case, increasingly, is about valuation and execution risk after a strong run, as weekend analysis has underscored. [29]
With markets closed today, Monday’s open will be the first chance to see whether year-end momentum extends—or whether investors choose to lock in gains before the calendar turns.
References
1. finance.yahoo.com, 2. finance.yahoo.com, 3. public.com, 4. www.reuters.com, 5. investors.teradyne.com, 6. www.marketbeat.com, 7. www.marketbeat.com, 8. www.trefis.com, 9. www.trefis.com, 10. www.tipranks.com, 11. www.investing.com, 12. www.investing.com, 13. investors.teradyne.com, 14. investors.teradyne.com, 15. www.reuters.com, 16. www.businesswire.com, 17. www.businesswire.com, 18. www.whmi.com, 19. www.tipranks.com, 20. www.marketbeat.com, 21. www.zacks.com, 22. www.investopedia.com, 23. www.nyse.com, 24. www.tipranks.com, 25. www.marketbeat.com, 26. www.zacks.com, 27. www.reuters.com, 28. www.tipranks.com, 29. www.trefis.com
