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TER

90.28USD-2.31(-2.49%)Market Closed

Teradyne Inc

Market Summary

USD90.28-2.31Market Closed
-2.49%

TER Alerts

TER Stock Price

RSI Chart

Valuation

Market Cap

13.1B

Price/Earnings

15.55

Price/Sales

3.81

Price/Cashflow

13.38

MarketCap/EBT

13.45

Price/Sales

Profitability

Operating Margin

76.22%

EBT Margin

28.32%

Return on Equity

36.56%

Return on Assets

24.09%

Fundamentals

Revenue

Revenue (TTM)

3.3B

Revenue Y/Y

-12.99%

Revenue Q/Q

-1.63%

Earnings

Earnings (TTM)

767.2M

Earnings Y/Y

-28.53%

Earnings Q/Q

-7.23%

Price Action

52 Week Range

67.81168.91
(Low)(High)

Last 7 days

-0.3%

Last 30 days

12.6%

Last 90 days

2.8%

Trailing 12 Months

-38.6%

Financial Health

Current Ratio

2.85

Investor Care

Dividend Yield

0.51%

Dividend/Share (TTM)

0.44

Buy Backs (1Y)

4.45%

Diluted EPS (TTM)

4.45

Peers (Alternatives to Teradyne)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
344.5B
28.6B
26.16% -50.17%
44.5
11.58
17.68% -27.42%
133.9B
44.2B
4.52% -30.78%
10.41
3.18
31.68% 43.05%
45.6B
9.9B
24.45% -6.85%
13.9
4.63
32.00% 20.29%
14.1B
2.5B
30.46% 58.32%
149.27
5.6
-3.85% -79.08%
13.1B
3.3B
12.57% -38.56%
15.55
3.81
-7.51% -22.26%
MID-CAP
4.7B
3.2B
0.04% -49.85%
8.49
1.56
13.32% -16.87%
4.7B
576.9M
12.28% -25.55%
25.5
8.11
10.46% -1.70%
3.3B
977.6M
19.93% -13.24%
17.75
3.61
36.08% 76.46%
3.0B
1.8B
19.76% -0.05%
20.73
1.87
22.49% 42.83%
SMALL-CAP
1.7B
813.5M
15.56% -0.54%
17.23
2.04
-9.38% -40.42%
597.5M
50.8M
23.63% 49.58%
63.22
11.75
206.20% 566.21%
403.6M
375.4M
37.42% -90.28%
12.55
1.31
78.63% 40.03%
400.4M
101.7M
0.37% 23.85%
24.74
3.94
26.08% 107.05%
91.0M
106.8M
29.57% -31.68%
17.66
0.94
37.97% -16.81%

Financials for Teradyne

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-3.6%3,3083,4323,6773,7033,577
Gross Profit-4.2%1,9742,0592,2002,2072,129
Operating Expenses0.5%1,0521,0471,0461,006951
  S&GA Expenses0.1%558557558548529
Earnings Before Taxes-7.4%9009721,1171,1611,129
Net Income-8.7%7678409711,015987
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-4.8%3,3203,4883,6093,8093,762
  Current Assets-6.3%2,1282,2702,3742,5762,521
    Cash Equivalents24.3%7115727951,1221,079
  Inventory5.1%311296259243224
  Net PPE1.0%415411399387391
  Goodwill-5.5%376398420426433
Liabilities-10.4%1,0661,1901,1351,2451,222
  Current Liabilities-12.0%702797712805754
Shareholder's Equity-1.9%2,2542,2992,4752,5622,537
  Retained Earnings-6.2%573610762737712
  Additional Paid-In Capital1.5%1,7471,7221,7121,8121,800
Accumulated Depreciation-852----
Shares Outstanding-1.3%156158161162164
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-25.7%7269771,0681,0981,028
  Share Based Compensation1.9%4848464647
Cashflow From Investing137.0%10-26.2533120-121.12
Cashflow From Financing17.1%-1,110.08-1,339.46-1,136.55-1,008.58-772.23
  Dividend Payments1.0%6968676666
  Buy Backs-0.9%934943764600414

Risks

What is the probability of a big loss on TER?

82.7%


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

60.8%


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

9.6%


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.

Returns

Cumulative Returns on TER

20.3%


10-Year Cumulative Returns

24.8%


7-Year Cumulative Returns

16.9%


5-Year Cumulative Returns

13.6%


3-Year Cumulative Returns

What are the long-term rolling returns for TER?

FIve years rolling returns for Teradyne.

Which funds bought or sold TER recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-77.91
-23,193
6,000
-%
2022-11-23
Toroso Investments, LLC
REDUCED
-19.32
-120,000
252,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,107,000
1,107,000
0.01%
2022-11-22
B. Riley Wealth Advisors, Inc.
REDUCED
-57.98
-683,000
372,000
0.01%
2022-11-22
CVA Family Office, LLC
-
-
21,000
47,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-4,410,000
19,727,000
0.03%
2022-11-18
National Pension Service
ADDED
0.75
-3,398,000
22,391,000
0.05%
2022-11-17
M&T Bank Corp
-
-
1,226,000
1,728,000
0.01%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-9,000
48,000
-%
2022-11-16
Retirement Systems of Alabama
REDUCED
-1.95
-843,000
3,913,000
0.02%

1–10 of 40

Latest Funds Activity

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

Teradyne News

Nasdaq

If You Invested $1000 in Teradyne a Decade Ago, This is How Much It'd Be Worth Now.8 hours ago

TER Fair Value

Recent SEC filings of Teradyne

View All Filings
Date Filed Form Type Document
Nov 16, 2022
3
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
8-K
Current Report
Nov 04, 2022
10-Q
Quarterly Report
Nov 04, 2022
8-K
Current Report
Oct 26, 2022
8-K
Current Report
Oct 04, 2022
4
Insider Trading
Oct 03, 2022
4
Insider Trading
Sep 26, 2022
4
Insider Trading
Sep 26, 2022
4
Insider Trading

Latest Insider Trading transactions for TER

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-14
MADDOCK ERNEST E
ACQUIRED
-
-
1,198
-
2022-09-30
Robbins Brad
SOLD
-238,441
75.84
-3,144
President, LitePoint Corp.
2022-09-30
Robbins Brad
ACQUIRED
61,087.9
19.43
3,144
President, LitePoint Corp.
2022-09-23
GUERTIN TIMOTHY E
ACQUIRED
-
-
79
-
2022-09-23
TUFANO PAUL J
ACQUIRED
-
-
60
-
2022-09-23
GILLIS EDWIN J
ACQUIRED
-
-
24
-
2022-09-23
Herweck Peter
ACQUIRED
-
-
3
-
2022-07-29
JAGIELA MARK E
SOLD
-3,793,130
100.196
-37,857
CEO
2022-06-30
Herweck Peter
ACQUIRED
-
-
238
-
2022-06-30
Robbins Brad
SOLD
-281,446
89.49
-3,145
President, LitePoint Corp.

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

2022-10-02
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Oct. 02, 2022
Oct. 03, 2021
Revenues:    
Total revenues$ 827,073[1]$ 950,501[1]$ 2,423,209[2]$ 2,817,835
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)341,694379,500976,5081,138,227
Gross profit485,379571,0011,446,7011,679,608
Operating expenses:    
Selling and administrative135,632134,829415,351404,812
Engineering and development111,715107,220331,781317,644
Acquired intangible assets amortization4,7295,35514,66316,293
Restructuring and other1,7961,19719,554(3,426)
Total operating expenses253,872248,601781,349735,323
Income from operations231,507322,400665,352944,285
Non-operating (income) expense:    
Interest income(1,318)(626)(2,972)(2,066)
Interest expense7793,7852,70415,354
Other (income) expense, net5,84921,48620,47225,223
Income before income taxes[3],[4]226,197297,755645,148905,774
Income tax provision42,71241,037101,948115,225
Net income$ 183,485$ 256,718$ 543,200$ 790,549
Net income per common share:    
Basic$ 1.17$ 1.56$ 3.41$ 4.77
Diluted$ 1.1$ 1.41$ 3.17$ 4.26
Weighted average common shares—basic156,364164,583159,325165,690
Weighted average common shares—diluted166,733181,987171,156185,492
Product [Member]    
Revenues:    
Total revenues$ 676,252$ 825,448$ 2,000,081$ 2,437,901
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)277,539333,229795,229989,859
Service [Member]    
Revenues:    
Total revenues150,821125,053423,128379,934
Cost of revenues:    
Total cost of revenues (exclusive of acquired intangible assets amortization shown separately below)$ 64,155$ 46,271$ 181,279$ 148,368
[1]Includes $3.8 million and $3.8 million in 2022 and 2021, respectively, for leases of Teradyne’s systems recognized outside Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers.”
[2]Includes $11.1 million and $11.1 million in 2022 and 2021, respectively, for leases of Teradyne’s systems recognized outside ASC 606 “Revenue from Contracts with Customers.”
[3]Included in Corporate and Eliminations are: legal and environmental fees, contingent consideration fair value adjustments, interest income, interest expense, severance charges, net foreign exchange gains (losses), acquisition related charges and compensation, pension, intercompany eliminations and for the three and nine months ended October 3, 2021, loss on convertible debt conversions.
[4]Included in income (loss) before taxes are charges and credits related to restructuring and other, inventory charges and, for the three and nine months ended October 3, 2021, loss on convertible debt conversions.

TER Balance Sheet

2022-10-02
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 02, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 710,746$ 1,122,199
Marketable securities65,310244,231
Accounts receivable, less allowance for credit losses of $1,865 and $2,012 at October 2, 2022 and December 31, 2021, respectively530,349550,749
Inventories, net310,754243,330
Prepayments502,678406,266
Other current assets7,7179,452
Total current assets2,127,5542,576,227
Property, plant and equipment, net415,181387,240
Operating lease right-of-use assets, net61,43068,807
Marketable securities111,039133,858
Deferred tax assets130,207102,428
Retirement plans assets13,80515,110
Other assets29,31124,096
Acquired intangible assets, net55,58075,635
Goodwill375,799426,024
Total assets3,319,906[1]3,809,425
Current liabilities:  
Accounts payable167,975153,133
Accrued employees' compensation and withholdings168,102253,667
Deferred revenue and customer advances143,591146,185
Other accrued liabilities126,457124,187
Operating lease liabilities17,07919,977
Income taxes payable64,14188,789
Current debt14,59619,182
Total current liabilities701,941805,120
Retirement plans liabilities137,317151,141
Long-term deferred revenue and customer advances48,48854,921
Long-term other accrued liabilities15,50615,497
Deferred tax liabilities1,3276,327
Long-term operating lease liabilities51,87256,178
Long-term incomes taxes payable59,13567,041
Debt50,19589,244
Total liabilities1,065,7811,245,469
Commitments and contingencies (Note Q)
Mezzanine equity:  
Convertible common shares 1,512
SHAREHOLDERS' EQUITY  
Common stock, $0.125 par value, 1,000,000 shares authorized; 157,880 and 162,251 shares issued and outstanding at July 3, 2022 and December 31, 2021, respectively19,47320,281
Additional paid-in capital1,746,7791,811,545
Accumulated other comprehensive loss(84,779)(5,948)
Retained earnings572,652736,566
Total shareholders' equity2,254,1252,562,444
Total liabilities and shareholders' equity$ 3,319,906$ 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.