Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Investing.com - Stifel raised its price target on Teradyne (NASDAQ:TER) to $119.00 from $100.00 on Monday, while maintaining a Hold rating on the semiconductor test equipment manufacturer. The $21 billion market cap company, currently trading at a P/E ratio of 46.3, appears overvalued according to InvestingPro’s Fair Value analysis.
The price target increase reflects Teradyne’s growing position in the compute semiconductor test market, which Stifel notes is now the largest and fastest growing segment in semiconductor testing, already more than twice the size of the mobile SoC market. The company maintains strong fundamentals with a 59.1% gross profit margin and good financial health scores according to InvestingPro analysis.
Teradyne has been strategically investing to improve its positioning in the compute market, with the company reporting it wins approximately 50% of the non-GPU, AI ASIC designs based on internal estimates.
Stifel highlighted that while Nvidia has not historically been a Teradyne customer, the company appears focused on demonstrating its test platform capabilities with an eye toward potentially qualifying as a test supplier for the GPU giant, which currently sole-sources with Advantest.
The research firm suggested that while a decision point in 2025 might be aggressive for Teradyne to win Nvidia business, this potential opportunity remains something to monitor in the semiconductor test equipment space. Investors should note that Teradyne will report its next earnings on October 28, 2025. For deeper insights and additional ProTips about Teradyne’s valuation and growth prospects, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Pragmatic Semiconductor Ltd. has appointed Peter Herweck as the new Chair of its Board of Directors, taking over from Erik Langaker. Herweck brings extensive experience, having previously served as CEO of Schneider Electric SE and AVEVA plc, as well as holding senior positions at Siemens AG. Meanwhile, Teradyne, Inc. has been active with several new product launches. The company introduced the ETS-800 D20 system for power semiconductor testing, offering flexible configurations for both high volume and low volume device testing. Teradyne also unveiled the Titan HP test platform tailored for AI and cloud infrastructure, which is already in production at major customer sites. Additionally, Teradyne expanded its high-speed testing capabilities with the release of the UltraPHY 224G solution, developed in collaboration with Multilane. In leadership changes, Teradyne appointed Jean-Pierre "JP" Hathout as President of its Robotics Group, where he will continue his role as President of Universal Robots.
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