Teradyne shares should be bought on pullbacks, says Pacific Crest Pacific Crest identifies Teradyne as a top pick and recommends looking for opportunities to buy the shares at a discount heading into the seasonally softer 2H14. The firm thinks the company is gaining share and it expects the company to benefit from growth in its semi test and wireless test markets. The firm keeps a $22 price target and Outperform rating on the shares.
Teradyne to acquire privately held Universal Robots in cash transaction Teradyne and the shareholders of Universal Robots announced they have signed a definitive agreement under which Teradyne will acquire privately held Universal Robots, the Danish pioneer of collaborative robots, for $285M net of cash acquired plus $65M if certain performance targets are met extending through 2018. The acquisition has been approved by the Board of Directors of each company and is expected to close in the second quarter of 2015 subject to customary closing conditions and regulatory approval.