Teradyne is becoming more diversified producting the backplanes for telco companies, software and hardware test equipment for many types of businesses. Sales are growing and Teradyne is the leader. Interest rates have leveled off and the whole sector looks more positive.
I attribute the drop to nervous investors and profit taking. Teradyne is the leader in a strong sector, has strong management, excellent fundamentals and reasonable PE.
I would expect to see 70 before too long and hope to hit 85 by year end. Time will tell but my BigBucks are on TER