14 days ago
On September 15, Needham ***** yst James Ricchiuti lifted the firm's price target on Teledyne Technologies Incorporated (NYSE:TDY) to $760 from $750, and reiterated a Buy rating. The revised price target reflected an upside of 27% from the close of the note.
According to TipRanks, the ***** yst told investors that the company was well placed to gain from a broadening short cycle recovery and opportunities in modern defense applications. Needham further added that the stock offers a 2.6-to-1 risk/reward skew at current levels.
The adjustment is largely in line with the broader ***** yst community. As of the close on September 16, TDY is a Moderate Buy based on the consensus of 10 ***** ysts. It has a one-year average share price target of $758.20, representing an upside of 26%.
Needham noted 'broadening' improvements in the company's short cycle businesses, which suggests that momentum is spreading across product lines, rather than being limited to any one particular segment.
During the Q2 earnings call, the management noted that short-cycle commercial markets were beginning to show growth inflections after recent headwinds and lifted its short-cycle portfolio's growth outlook to mid-single-digits for the year, up from earlier estimates of flat to low-single-digit growth.
#cycle #september
According to TipRanks, the ***** yst told investors that the company was well placed to gain from a broadening short cycle recovery and opportunities in modern defense applications. Needham further added that the stock offers a 2.6-to-1 risk/reward skew at current levels.
The adjustment is largely in line with the broader ***** yst community. As of the close on September 16, TDY is a Moderate Buy based on the consensus of 10 ***** ysts. It has a one-year average share price target of $758.20, representing an upside of 26%.
Needham noted 'broadening' improvements in the company's short cycle businesses, which suggests that momentum is spreading across product lines, rather than being limited to any one particular segment.
During the Q2 earnings call, the management noted that short-cycle commercial markets were beginning to show growth inflections after recent headwinds and lifted its short-cycle portfolio's growth outlook to mid-single-digits for the year, up from earlier estimates of flat to low-single-digit growth.
#cycle #september
29 days ago
Everspin Technologies (NASDAQ:MRAM) and Teledyne HiRel Semiconductors, a unit of Teledyne Technologies (NYSE:TDY), announced a partnership to make Everspin's PERSYST spin-transfer torque MRAM available through Teledyne HiRel's memory product portfolio for aerospace and defense customers.
The collaboration will initially focus on Everspin's 256Mb PERSYST STT-MRAM and will also cover the company's 64Mb and 128Mb PERSYST products.
PERSYST STT-MRAM is a non-volatile memory technology designed to retain stored data during power loss and system resets while providing RAM-like write speeds.
The companies identified potential applications including avionics, radar systems, electronic warfare payloads, satellite electronics, VPX platforms, single-board computers and autonomous systems.
The agreement expands the channels through which aerospace and defense customers can access Everspin's PERSYST products.
#persyst
The collaboration will initially focus on Everspin's 256Mb PERSYST STT-MRAM and will also cover the company's 64Mb and 128Mb PERSYST products.
PERSYST STT-MRAM is a non-volatile memory technology designed to retain stored data during power loss and system resets while providing RAM-like write speeds.
The companies identified potential applications including avionics, radar systems, electronic warfare payloads, satellite electronics, VPX platforms, single-board computers and autonomous systems.
The agreement expands the channels through which aerospace and defense customers can access Everspin's PERSYST products.
#persyst
1 month ago
On August 10, 2026, Teledyne Technologies Incorporated (NYSE:TDY) agreed to acquire Varex Imaging for $18.90 a share in an all-cash deal valued at about $1.1 billion. It sent Varex Imaging Corporation (NASDAQ:VREX) shares up nearly 50% before the opening bell.
Teledyne is paying a large premium for a smaller X-ray components maker just as Varex posted a genuine earnings beat of its own. Is Teledyne buying real, complementary technology at a fair long-term price, or paying a steep premium right as Varex's turnaround was already starting to work?
CEO Robert Mehrabian said the companies serve similar customers with "uniquely complementary" products and minimal overlap. He noted Teledyne Technologies Incorporated (NYSE:TDY) doesn't make X-ray detectors suited for high-radiation environments like oncology the way Varex does. Both boards unanimously approved the deal, which is expected to close in early 2027.
Nearly a 50% one-day jump in Varex's stock shows the market sees this as a rich price for Teledyne to pay. Integrating Varex's X-ray business, which serves medical, security, and industrial markets, adds real complexity to Teledyne Technologies Incorporated (NYSE:TDY)'s existing operations.
CEO Sunny Sanyal said the deal marks "an exciting new chapter," giving Varex Imaging Corporation (NASDAQ:VREX) access to Teledyne's resources to accelerate use of its imaging technology. Varex also posted third-quarter adjusted profit of 31 cents a share, 10 cents ahead of **** yst estimates, after recovering tariff-related costs and generating $21 million in operating cash flow. It shows the business was already improving before the deal was announced.
#NASDAQ
Teledyne is paying a large premium for a smaller X-ray components maker just as Varex posted a genuine earnings beat of its own. Is Teledyne buying real, complementary technology at a fair long-term price, or paying a steep premium right as Varex's turnaround was already starting to work?
CEO Robert Mehrabian said the companies serve similar customers with "uniquely complementary" products and minimal overlap. He noted Teledyne Technologies Incorporated (NYSE:TDY) doesn't make X-ray detectors suited for high-radiation environments like oncology the way Varex does. Both boards unanimously approved the deal, which is expected to close in early 2027.
Nearly a 50% one-day jump in Varex's stock shows the market sees this as a rich price for Teledyne to pay. Integrating Varex's X-ray business, which serves medical, security, and industrial markets, adds real complexity to Teledyne Technologies Incorporated (NYSE:TDY)'s existing operations.
CEO Sunny Sanyal said the deal marks "an exciting new chapter," giving Varex Imaging Corporation (NASDAQ:VREX) access to Teledyne's resources to accelerate use of its imaging technology. Varex also posted third-quarter adjusted profit of 31 cents a share, 10 cents ahead of **** yst estimates, after recovering tariff-related costs and generating $21 million in operating cash flow. It shows the business was already improving before the deal was announced.
#NASDAQ
2 months ago
Varex Imaging Corporation (NASDAQ:VREX) surged 48.5% to $18.42 on August 10 after Teledyne Technologies Incorporated (NYSE:TDY) agreed to acquire the X-ray technology company for $18.90 per share in cash. The offer represents a 52% premium to Varex's unaffected closing price and values the transaction at approximately $1.1 billion, including equity awards and net debt.
Teledyne shares slipped just 0.15%, suggesting investors did not view the premium as an immediate threat to shareholder value. Varex closed about 2.5% below the offer, representing approximately 2.6% upside to the deal price. The narrow spread shifts the debate from whether Varex Imaging Corporation (NASDAQ:VREX) was undervalued to whether Teledyne Technologies Incorporated (NYSE:TDY) can earn an adequate return.
The strategic fit is visible. Varex Imaging Corporation (NASDAQ:VREX) fills specific gaps in Teledyne's imaging portfolio. Teledyne Technologies Incorporated (NYSE:TDY) has cited anticipated synergies but has not quantified them or disclosed expected EPS accretion or return targets.
Teledyne Technologies Incorporated (NYSE:TDY) is not paying primarily for Varex's current growth rate. It is acquiring technologies and customer relationships that could deepen its position across medical, security, and industrial imaging.
Varex produces X-ray tubes, flat-panel detectors, photon-counting detectors, high-voltage interconnects, and imaging software used by equipment manufacturers. These components support medical diagnostic systems, oncology equipment, cargo inspection, vehicle scanning, and industrial quality control.
#teledyne #NYSE #corporation
Teledyne shares slipped just 0.15%, suggesting investors did not view the premium as an immediate threat to shareholder value. Varex closed about 2.5% below the offer, representing approximately 2.6% upside to the deal price. The narrow spread shifts the debate from whether Varex Imaging Corporation (NASDAQ:VREX) was undervalued to whether Teledyne Technologies Incorporated (NYSE:TDY) can earn an adequate return.
The strategic fit is visible. Varex Imaging Corporation (NASDAQ:VREX) fills specific gaps in Teledyne's imaging portfolio. Teledyne Technologies Incorporated (NYSE:TDY) has cited anticipated synergies but has not quantified them or disclosed expected EPS accretion or return targets.
Teledyne Technologies Incorporated (NYSE:TDY) is not paying primarily for Varex's current growth rate. It is acquiring technologies and customer relationships that could deepen its position across medical, security, and industrial imaging.
Varex produces X-ray tubes, flat-panel detectors, photon-counting detectors, high-voltage interconnects, and imaging software used by equipment manufacturers. These components support medical diagnostic systems, oncology equipment, cargo inspection, vehicle scanning, and industrial quality control.
#teledyne #NYSE #corporation
2 months ago
Varex Imaging (VREX) soared over 48% after Teledyne Technologies (TDY) announced it will acquire the X-Ray company in a deal valued at about $1.1 billion. Teledyne shares edged higher, rising within a buy zone.
Teledyne, part of IBD's aerospace and defense industry group, agreed to pay $18.90 per share in cash, a premium of 52% from Varex's closing price on Friday.
Salt Lake City, Utah-based Varex makes X-ray imaging components and software. Its products are used in medical diagnostic imaging, vehicle inspection systems and other areas.
The acquisition bolsters Teledyne's imaging business. In the second quarter, Teledyne's imaging segment recorded $868.7 million in sales, making it the largest of its four segments and more than half of total revenue.
While the two companies serve similar customers, their products are complementary and share minimal overlap, Teledyne Executive Chairman Robert Mehrabian said in the announcement.
#teledyne #varex #Share #products
Teledyne, part of IBD's aerospace and defense industry group, agreed to pay $18.90 per share in cash, a premium of 52% from Varex's closing price on Friday.
Salt Lake City, Utah-based Varex makes X-ray imaging components and software. Its products are used in medical diagnostic imaging, vehicle inspection systems and other areas.
The acquisition bolsters Teledyne's imaging business. In the second quarter, Teledyne's imaging segment recorded $868.7 million in sales, making it the largest of its four segments and more than half of total revenue.
While the two companies serve similar customers, their products are complementary and share minimal overlap, Teledyne Executive Chairman Robert Mehrabian said in the announcement.
#teledyne #varex #Share #products
2 months ago
Teledyne Technologies Incorporated (NYSE:TDY) reported better-than-expected second-quarter 2026 results on Wednesday, as record orders, revenue and operating profit helped the company surpass Wall Street forecasts and lift its full-year guidance.
The aerospace and defence technology company posted adjusted earnings per share of $6.28, comfortably ahead of the **** yst consensus estimate of $5.79.
Revenue increased 9.8% year over year to $1.66 billion, exceeding expectations of $1.58 billion and setting a new quarterly record.
Shares of Teledyne rose 4.10% in premarket trading following the announcement.
Buoyed by its strong first-half performance, Teledyne increased its adjusted earnings outlook for full-year 2026.
#full #adjusted #billion
The aerospace and defence technology company posted adjusted earnings per share of $6.28, comfortably ahead of the **** yst consensus estimate of $5.79.
Revenue increased 9.8% year over year to $1.66 billion, exceeding expectations of $1.58 billion and setting a new quarterly record.
Shares of Teledyne rose 4.10% in premarket trading following the announcement.
Buoyed by its strong first-half performance, Teledyne increased its adjusted earnings outlook for full-year 2026.
#full #adjusted #billion
4 months ago
Valued at a market cap of $29.2 billion, Teledyne Technologies Incorporated (TDY) is an industrial conglomerate that specializes in providing enabling technologies for high-stakes, demanding environments where precision and high reliability are mission-critical. The Thousand Oaks, California-based company designs and manufactures an extensive portfolio of advanced monitoring and control instrumentation, digital imaging sensors, and highly specialized cameras that operate across the visible, infrared, and X-ray spectra.
Companies valued at $10 billion or more are typically classified as "large-cap stocks," and TDY fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the scientific & technical instruments industry. The company's core competitive strength lies in its highly disciplined capital allocation and "serial acquirer" business model, which has successfully integrated dozens of highly complementary, niche technology businesses to generate consistent compound earnings and cash flow.
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Companies valued at $10 billion or more are typically classified as "large-cap stocks," and TDY fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the scientific & technical instruments industry. The company's core competitive strength lies in its highly disciplined capital allocation and "serial acquirer" business model, which has successfully integrated dozens of highly complementary, niche technology businesses to generate consistent compound earnings and cash flow.
Dear Nebius Stock Fans, Mark Your Calendars for June 22
Supermicro Is Struggling to Handle AI Demand, But Here's Why the Bears Might Be Wrong on This One
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