Grufity logoGrufity logo

Teradyne Inc Stock Research

TER

105.97USD+3.34(+3.25%)Market Closed

Market Summary

USD105.97+3.34
Market Closed
3.25%

TER Alerts

TER Stock Price

TER RSI Chart

TER Valuation

Market Cap

16.5B

Price/Earnings (Trailing)

23.07

Price/Sales (Trailing)

5.23

EV/EBITDA

16.74

Price/Free Cashflow

39.8

TER Price/Sales (Trailing)

TER Profitability

EBT Margin

26.64%

Return on Equity

29.19%

Return on Assets

20.44%

Free Cashflow Yield

2.51%

TER Fundamentals

TER Revenue

Revenue (TTM)

3.2B

Revenue Y/Y

-17.31%

Revenue Q/Q

-11.51%

TER Earnings

Earnings (TTM)

715.5M

Earnings Y/Y

-23.09%

Earnings Q/Q

-6.1%

Price Action

52 Week Range

67.73126.85
(Low)(High)

Last 7 days

-0.6%

Last 30 days

-3.8%

Last 90 days

15.9%

Trailing 12 Months

-6.8%

TER Financial Health

Current Ratio

3.03

TER Investor Care

Dividend Yield

0.42%

Dividend/Share (TTM)

0.44

Buy Backs (1Y)

4.00%

Diluted EPS (TTM)

4.22

Peers (Alternatives to Teradyne)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
629.8B
27.0B
11.20% 5.54%
144.19
23.35
0.22% -55.21%
134.9B
43.0B
-11.73% -19.49%
11.46
3.14
19.21% 17.89%
55.1B
10.5B
-8.04% 12.28%
15.56
5.26
28.39% 18.56%
22.0B
2.6B
21.50% 171.10%
-498.6
8.41
-10.40% -109.42%
16.5B
3.2B
-3.76% -6.81%
23.07
5.23
-14.79% -29.48%
MID-CAP
6.9B
616.6M
3.48% -10.41%
32.67
11.13
11.40% 14.03%
6.0B
3.5B
-12.54% -39.21%
18.13
1.7
20.25% -39.61%
4.3B
1.0B
3.60% 8.92%
19.08
4.24
27.42% 56.89%
3.6B
1.8B
-1.08% 14.57%
18.06
1.95
26.75% 48.19%
SMALL-CAP
1.9B
812.8M
0.19% 28.32%
19.17
2.28
-8.39% -42.12%
911.0M
61.1M
-5.60% 221.41%
73.76
14.92
116.81% 892.05%
729.0M
388.8M
-6.91% -74.10%
18.57
1.87
49.69% 3.99%
400.4M
101.7M
0.37% 23.85%
24.74
3.94
26.08% 107.05%
182.4M
112.6M
12.26% 62.30%
26.22
1.62
45.44% 5.14%

Financials for Teradyne

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-4.6%3,1553,3083,4323,6773,703
Gross Profit-5.4%1,8671,9742,0592,2002,207
Operating Expenses-1.6%1,0351,0521,0471,0461,006
  S&GA Expenses0.0%558558557558548
EBITDA-6.2%9359971,0701,254-
EBITDA Margin-1.6%0.30*0.30*0.32*0.34*-
Earnings Before Taxes-6.7%8409009721,1171,161
EBT Margin-2.1%0.27*0.27*0.28*0.30*-
Interest Expenses-28.1%4.005.008.0013.0018.00
Net Income-6.7%7167678409711,015
Net Income Margin-2.2%0.23*0.23*0.24*0.26*-
Free Cahsflow-27.0%415568829930-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets5.5%3,5013,3203,4883,6093,809
  Current Assets6.1%2,2582,1282,2702,3742,576
    Cash Equivalents20.3%8557115727951,122
  Inventory4.6%325311296259243
  Net PPE0.8%419415411399387
  Goodwill7.3%403376398420426
Liabilities-1.5%1,0501,0661,1901,1351,245
  Current Liabilities6.3%746702797712805
Shareholder's Equity8.7%2,4512,2542,2992,4752,562
  Retained Earnings26.7%726573610762737
  Additional Paid-In Capital0.5%1,7561,7471,7221,7121,812
Shares Outstanding0.0%156156158161162
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-20.4%5787269771,0681,098
  Share Based Compensation-0.4%48.0048.0048.0046.0046.00
Cashflow From Investing349.9%44.0010.00-26.2533.00120
Cashflow From Financing19.6%-892-1,110-1,339-1,136-1,008
  Dividend Payments1.4%70.0069.0068.0067.0066.00
  Buy Backs-19.5%752934943764600

Risks for TER

What is the probability of a big loss on TER?

88.8%


Probability that Teradyne stock will be more than 20% underwater in next one year

66.9%


Probability that Teradyne stock will be more than 30% underwater in next one year.

15.8%


Probability that Teradyne stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TER drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Teradyne was unfortunately bought at previous high price.

Drawdowns

Returns for TER

Cumulative Returns on TER

20.7%


10-Year Cumulative Returns

26.6%


7-Year Cumulative Returns

16.5%


5-Year Cumulative Returns

23.9%


3-Year Cumulative Returns

What are the long-term rolling returns for TER?

FIve years rolling returns for Teradyne.

Annualized Returns

Which funds bought or sold TER recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-10.86
12,942
384,942
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-69.42
-17,256,800
9,517,220
0.01%
2023-03-10
BAILLIE GIFFORD & CO
reduced
-5.74
40,664,600
466,081,000
0.49%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-33.44
-167,935
661,065
0.05%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-36.09
-811,000
2,344,000
0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
3,500
21,500
0.01%
2023-02-28
Voya Investment Management LLC
reduced
-9.77
-379,317,000
19,942,500
0.03%
2023-02-24
National Pension Service
added
0.52
3,084,400
25,475,300
0.05%
2023-02-24
SRS Capital Advisors, Inc.
added
2.11
3,139
21,139
-%
2023-02-24
NATIXIS
sold off
-100
-2,532,000
-
-%

1–10 of 45

Latest Funds Activity

Are funds buying TER calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own TER
No. of Funds

Teradyne News

MarketBeat

Teradyne, Inc. (NASDAQ:TER) Shares Sold by Peregrine Capital ....

MarketBeat,
21 hours ago

DirectorsTalk Interviews

InvestorsObserver

Nasdaq

GuruFocus.com

Yahoo Finance

Nanalyze

Schedule 13G FIlings of Teradyne

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
11.57%
18,024,838
SC 13G/A
Feb 07, 2023
blackrock inc.
8.6%
13,336,568
SC 13G/A
Jan 13, 2023
jpmorgan chase & co
6.7%
10,554,041
SC 13G
Feb 10, 2022
vanguard group inc
11.03%
17,973,761
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G
Feb 01, 2022
blackrock inc.
8.1%
13,226,482
SC 13G/A
Feb 10, 2021
vanguard group inc
11.50%
19,095,271
SC 13G/A
Feb 01, 2021
blackrock inc.
8.5%
14,039,376
SC 13G/A
Feb 14, 2020
ameriprise financial inc
4.85%
8,130,219
SC 13G/A

TER Fair Value

Teradyne fair value in different scenarios

The table shows the Fair Value estimates for Teradyne for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

75.90

-28.38%

103.66

-2.18%

144.71

36.56%

193.69

82.78%

252.98

138.73%
Current Inflation

69.86

-34.08%

93.84

-11.45%

128.34

21.11%

169.51

59.96%

218.88

106.55%
Very High Inflation

62.37

-41.14%

81.92

-22.70%

108.94

2.80%

141.28

33.32%

179.59

69.47%

Historical Teradyne Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Teradyne

View All Filings
Date Filed Form Type Document
Mar 15, 2023
144
Notice of Insider Sale Intent
Mar 15, 2023
144
Notice of Insider Sale Intent
Mar 13, 2023
4
Insider Trading
Feb 22, 2023
10-K
Annual Report
Feb 17, 2023
4
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 07, 2023
4
Insider Trading
Feb 07, 2023
SC 13G/A
Major Ownership Report
Feb 03, 2023
8-K
Current Report

Latest Insider Trading transactions for TER

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-15
JOHNSON MERCEDES
sold
-79,822
106
-750
-
2023-02-06
Gray Charles Jeffrey
gifted
-
-
-1,000
vp, general counsel, secretary
2023-02-02
Mehta Sanjay
sold
-879,120
110
-7,992
vp and chief financial officer
2023-01-31
Gray Charles Jeffrey
sold
-68,600
100
-686
vp, general counsel, secretary
2023-01-30
JAGIELA MARK E
sold (taxes)
-480,115
100
-4,793
ceo
2023-01-30
Gray Charles Jeffrey
sold (taxes)
-64,509
100
-644
vp, general counsel, secretary
2023-01-30
Smith Gregory Stephen
sold (taxes)
-87,047
100
-869
president
2023-01-30
Burns Richard John
sold (taxes)
-24,641
100
-246
president, semiconductor test
2023-01-30
Robbins Brad
sold (taxes)
-41,670
100
-416
president, litepoint corp.
2023-01-30
Mehta Sanjay
sold (taxes)
-138,735
100
-1,385
vp and chief financial officer

1–10 of 50

Mark E. Jagiela
5900
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.

TER Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Total revenues[1],[2]$ 3,155,045$ 3,702,881$ 3,121,469
Cost of revenues:   
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)1,287,8941,496,2251,335,728
Gross profit1,867,1512,206,6561,785,741
Operating expenses:   
Selling and administrative558,103547,559464,769
Engineering and development440,591427,609374,964
Acquired intangible assets amortization19,33321,45630,803
Restructuring and other17,1859,312(13,202)
Total operating expenses1,035,2121,005,936857,334
Income from operations831,9391,200,720928,407
Non-operating (income) expenses:   
Interest income(6,379)(2,627)(5,982)
Interest expense3,71917,82024,182
Other (income) expense, net(5,786)24,5729,192
Income before income taxes[3],[4]840,3851,160,955901,015
Income tax provision124,884146,366116,868
Net income$ 715,501$ 1,014,589$ 784,147
Net income per common share:   
Basic$ 4.52$ 6.15$ 4.72
Diluted$ 4.22$ 5.53$ 4.28
Weighted average common shares—basic158,434164,960166,120
Weighted average common shares—diluted169,734183,625183,042
Product [Member]   
Revenues:   
Total revenues$ 2,591,572$ 3,196,575$ 2,690,906
Cost of revenues:   
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)1,042,5551,300,1061,157,476
Service [Member]   
Revenues:   
Total revenues563,473506,306430,563
Cost of revenues:   
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)$ 245,339$ 196,119$ 178,252
[1]Includes $8.2 million, $13.2 million and $10.0 million in 2022, 2021 and 2020, respectively, for leases of Teradyne’s systems recognized outside of ASC 606: “Revenue from Contracts with Customers.”
[2]Revenues attributable to a country are based on location of customer site.
[3]Included in Corporate and Eliminations are interest income, interest expense, net foreign exchange gains (losses), net cash flow hedge gains (losses), intercompany eliminations, pension and postretirement plan actuarial gains (losses), legal and environmental fees, contingent consideration adjustments, acquisition related charges and compensation, gain on sale of asset, and loss on convertible debt conversions in 2021.
[4]Included in income (loss) before taxes are charges and credits related to restructuring and other, inventory charges and loss on convertible debt conversions in 2021.

TER Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 854,773$ 1,122,199
Marketable securities39,612244,231
Accounts receivable, less allowance for credit losses of $1,955 and $2,012 in 2022 and 2021, respectively491,145550,749
Inventories, net325,019243,330
Prepayments532,962406,266
Other current assets14,4049,452
Total current assets2,257,9152,576,227
Property, plant and equipment, net418,683387,240
Operating lease right-of-use assets, net73,73468,807
Marketable securities110,777133,858
Deferred tax assets142,784102,428
Retirement plans assets11,76115,110
Other assets28,92524,096
Acquired intangible assets, net53,47875,635
Goodwill403,195426,024
Total assets[1]3,501,2523,809,425
Current liabilities:  
Accounts payable139,722153,133
Accrued employees' compensation and withholdings212,266253,667
Deferred revenue and customer advances148,285146,185
Other accrued liabilities112,271124,187
Operating lease liabilities18,59419,977
Income taxes payable65,01088,789
Current debt50,11519,182
Total current liabilities746,263805,120
Retirement plans liabilities116,005151,141
Long-term deferred revenue and customer advances45,13154,921
Deferred tax liabilities3,2676,327
Long-term other accrued liabilities15,98115,497
Long-term operating lease liabilities64,17656,178
Long-term incomes taxes payable59,13567,041
Debt089,244
Total liabilities1,049,9581,245,469
Commitments and contingencies (Note M)
Mezzanine equity:  
Convertible common shares01,512
SHAREHOLDERS' EQUITY  
Common stock, $0.125 par value, 1,000,000 shares authorized, 155,759 and 162,251 shares issued and outstanding at December 31, 2022 and 2021, respectively19,47020,281
Additional paid-in capital1,755,9631,811,545
Accumulated other comprehensive loss(49,868)(5,948)
Retained earnings (accumulated deficit)725,729736,566
Total shareholders' equity2,451,2942,562,444
Total liabilities, convertible common shares and shareholders' equity$ 3,501,252$ 3,809,425
[1]Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities and certain other assets.