Teradyne, Inc. Website

Teradyne, Inc.

NasdaqGS-TER

Company Overview

Teradyne, Inc. designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications. This segment also provides FLEX test platform systems; J750 test system to address the volume semiconductor devices; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets. It serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and semiconductor assembly and test providers. The System Test segment offers defense/aerospace test instrumentation and systems; storage test systems; and circuit-board test and inspection systems. The Industrial Automation segment provides collaborative robotic arms, autonomous mobile robots, and advanced robotic control software for manufacturing, logistics, and light industrial customers. The Wireless Test segment provides test solutions for use in the development and manufacture of wireless devices and modules, smartphones, tablets, notebooks, laptops, peripherals, and Internet-of-Things devices under the LitePoint brand name. This segment also offers IQxel products for Wi-Fi and other standards; IQxstream solution for testing GSM, EDGE, CDMA2000, TD-SCDMA, WCDMA, HSPA+, LTE, and 5G technologies; IQcell, a multi-device cellular signaling test solution; IQgig test solution; and turnkey test software for wireless chipsets. Teradyne, Inc. was incorporated in 1960 and is headquartered in North Reading, Massachusetts.

  • Name

    Teradyne, Inc.

  • CEO

    Gregory Stephen Smith

  • Website

    www.teradyne.com

  • Sector

    Semiconductors and Semiconductor Equipment

  • Year Founded

    1960

Company Statistics

Profile

  • Market Cap

    —

  • EV

    —

  • Shares Out

    —

  • Revenue

    —

  • Employees

    —

Margins

  • Gross

    —

  • EBITDA

    —

  • Operating

    —

  • Pre-Tax

    —

  • Net

    —

  • FCF

    —

Returns (5Yr Avg)

  • ROA

    —

  • ROTA

    —

  • ROE

    —

  • ROCE

    —

  • ROIC

    —

Valuation (TTM)

  • P/E

    —

  • P/B

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

  • EV/Gross Profit

    —

Valuation (NTM)

  • Price Target

    —

  • P/E

    —

  • PEG

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

Financial Health

  • Cash

    —

  • Net Debt

    —

  • Debt/Equity

    —

  • EBIT/Interest

    —

Growth (CAGR)

  • Rev 3Yr

    —

  • Rev 5Yr

    —

  • Rev 10Yr

    —

  • Dil EPS 3Yr

    —

  • Dil EPS 5Yr

    —

  • Dil EPS 10Yr

    —

  • Rev Fwd 2Yr

    —

  • EBITDA Fwd 2Yr

    —

  • EPS Fwd 2Yr

    —

  • EPS LT Growth Est

    —

Dividends

  • Yield

    —

  • Payout

    —

  • DPS

    —

  • DPS Growth 3Yr

    —

  • DPS Growth 5Yr

    —

  • DPS Growth 10Yr

    —

  • DPS Growth Fwd 2Yr

    —

Bulls Say

  • We think Teradyne’s depth, breadth, and steep investment in chip testing capabilities form structural competitive advantages that would be extremely difficult to replicate.

  • Secular trends toward greater chip complexity, capacity expansion, and onshoring should be durable demand drivers for Teradyne.

  • We think Teradyne’s robotics segment can augment top line growth and offset some semiconductor cyclicality longer-term.

Bears Say

  • We expect continued head-to-head competition with Advantest to be a headwind to Teradyne’s growth and profitability.

  • We are skeptical of the fit of the robotics segment into the business; management may be chasing growth that isn’t aligned with its core competencies.

  • Teradyne’s concentration with Apple in the mobile phone market and lack of exposure to other high-growth customers like Nvidia can lead to lumpy or lower growth versus peers.

Source: Morningstar Analysis - Oct 29, 2025

What's happening

Nov 6, 2025 - Dec 6, 2025

Teradyne Inc. Surges with Analyst Upgrades and Strong Market Positioning

  • Teradyne's rating was upgraded from Hold to Buy by Stifel, significantly boosting investor confidence.
  • The company capitalized on rising demand for AI technologies, particularly in testing hardware linked to major tech players.
  • Despite minor fluctuations due to external factors, the overall sentiment remained bullish throughout the month.

Over the past month, Teradyne Inc. (TER) exhibited strong performance with an overall increase of 7.0%. This growth notably outpaced the S&P 500's return of 1.2%, resulting in a relative outperformance of 5.8%. The positive momentum was primarily driven by favorable analyst sentiments and strategic positioning within key technology sectors.

A significant catalyst for this surge occurred on December 2 when Stifel upgraded Teradyne's rating from Hold to Buy and raised its price target from $162 to $225. Following this upgrade, TER shares experienced a daily increase of approximately 4.9%. Analysts pointed out opportunities related to Teradyne’s hardware for testing custom chips associated with leading companies like Broadcom and Nvidia, indicating potential growth amid increasing demand for artificial intelligence technologies.

The upward trend continued into December 3 as TER shares rose another 1.5% after further endorsements from Stifel regarding their optimistic outlook on the stock. This reflected robust investor confidence in Teradyne’s capabilities across AI networking as well as traditional markets such as consumer electronics and smartphones.

Although there were some bearish signals earlier in November—such as profit-taking activity noted on December 1—the prevailing sentiment remained predominantly bullish during this period despite minor fluctuations caused by external factors like Cathie Wood's Ark Invest trimming its holdings in TER.

Throughout this assessment period, it is evident that Teradyne Inc.'s performance has been significantly supported by analyst upgrades alongside strategic positioning within technological advancements relevant to current market demands. Notably, Teradyne Inc outperformed the Information Technology sector (XLK), which saw gains of only around -50%, delivering an impressive relative performance against broader market indices such as the S&P 500.

NasdaqGS:TER