Teradyne closed the Universal Robots acquisition on June 11. Universal Robots is the market leader in the nascent collaborative robots space, with around 65% market share in a roughly $100 million market, according to the analyst note.
The firm believes that Universal Robots should generate $60 million to $65 million in revenue this year, and it should grow 50% annually untill 2018.
Additionally, the deal should be accretive this year and should generate around $0.05 to $0.07 earnings per share next year, Keybanc added.
Teradyne is a supplier of automatic test equipment that operates in three segments: semiconductor test, wireless test and system test.
Shares of Teradyne are now down 0.71% to $21.06 in afternoon trading Friday.
Separately, TheStreet Ratings team rates TERADYNE INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TERADYNE INC (TER) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity."