Teradyne on track for biggest gain since 2019 after co reports rev beat

Shares of Teradyne TER.O were up 21.8% at $110.32 on Wed and on track for a record daily pct gain after the automation company late Tues reported stronger-than-expected quarterly rev

The stock rose earlier as high as $110.50, its highest level since early March

Demand for the company's semiconductor-testing equipment helped with results

The median 12-mo PT on the co is $95, based on LSEG data

Analyst recommendations including 10 "strong buy" or "buy" ratings, four "hold" ratings and four "sell" ratings, per LSEG

Even with the session move, TER is down 12.4% YTD compared with a ~9.8% gain in the Nasdaq .IXIC