Is Teradyne (TER) Too Expensive For Its Earnings Power?

Teradyne has turned into a striking long term winner for shareholders, so the question now is whether the current price is still grounded in what its earnings can support. With the stock recently around US$380 per share after a volatile few weeks, investors are asking how much of the business's profit power is already reflected in that tag. Over the past 3 years, Teradyne has returned about 298.3%, which puts a lot of past optimism on the line if its earnings cannot keep up with that...