12 Best Semiconductor Equipment Stocks to Buy Right Now

4. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 60

Teradyne, Inc. (NASDAQ:TER) is one of the best semiconductor equipment stocks to buy right now. On August 25, Cantor Fitzgerald raised the price target on Teradyne, Inc. (NASDAQ:TER) from $105 to $130, keeping its Overweight rating on the stock.

C J  Muse from Cantor Fitzgerald increased the price target following strong Q2 FY2025 earnings. Since the earnings release on July 29, TER shares have soared over 30%, outperforming the PHLX Semiconductor (SOX) index, which has plunged 1.23%, as of August 29. Muse believes there is still upside potential in the stock and describes it as a “catup-up” trade for TER.

The analyst sees Teradyne’s AI-related exposure as becoming increasingly interesting and well-positioned for growth in FY2026. The strength in semiconductor testing, especially for AI applications, positions the company well for future growth. During Q2, the semiconductor test contributed $492 million to total revenue. On August 26, Teradyne announced a quarterly cash dividend of $0.12 per share, payable on September 29, 2025.

Teradyne, Inc. (NASDAQ:TER) is a leading supplier of automated test systems and robotics products. The company operates through the Semiconductor Test and Robotics segments.