Teradyne, Inc. (NASDAQ:TER) reported a surge in profit, driven by demand for semiconductor testing equipment. The company, a key player in chip testing, has benefited from what the Columbia Seligman Global Technology Fund describes as improving industry sentiment and expectations for a broader recovery in test spending.
On July 29, 2026, Teradyne shares closed at $319.41, giving the company a market capitalization of $50 billion. Despite a one-month decline of 13.46%, the stock has gained significantly over the longer term, reflecting confidence, as noted by the Columbia Seligman Global Technology Fund, in its positioning for next-generation processors.
Hedge fund interest in Teradyne has increased: 80 funds held shares at the end of Q1 2026, up from 77 in the prior quarter.
The MSCI World Information Technology Index gained 33.65% in Q2 2026, while the Columbia Seligman Global Technology Fund's Institutional Class shares returned 50.34% in the same period, according to the fund.