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TER 
Teradyne Inc (TER)
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Upturn Advisory Summary
12/09/2025: TER (4-star) is a STRONG-BUY. BUY since 8 days. Simulated Profits (9.94%). Updated daily EoD!
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Number of Analysts
17 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $192.38
1 Year Target Price $192.38
| 9 | Strong Buy |
| 2 | Buy |
| 4 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 96.16% | Avg. Invested days 45 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 12/09/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 31.81B USD | Price to earnings Ratio 72.98 | 1Y Target Price 192.38 |
Price to earnings Ratio 72.98 | 1Y Target Price 192.38 | ||
Volume (30-day avg) 17 | Beta 1.85 | 52 Weeks Range 65.55 - 205.00 | Updated Date 12/9/2025 |
52 Weeks Range 65.55 - 205.00 | Updated Date 12/9/2025 | ||
Dividends yield (FY) 0.24% | Basic EPS (TTM) 2.74 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.5% | Operating Margin (TTM) 18.89% |
Management Effectiveness
Return on Assets (TTM) 8.33% | Return on Equity (TTM) 15.77% |
Valuation
Trailing PE 72.98 | Forward PE 38.46 | Enterprise Value 31560953425 | Price to Sales(TTM) 11.12 |
Enterprise Value 31560953425 | Price to Sales(TTM) 11.12 | ||
Enterprise Value to Revenue 11.04 | Enterprise Value to EBITDA 48.68 | Shares Outstanding 156608303 | Shares Floating 155988134 |
Shares Outstanding 156608303 | Shares Floating 155988134 | ||
Percent Insiders 0.29 | Percent Institutions 107.1 |
Upturn AI SWOT
Teradyne Inc
Company Overview
History and Background
Teradyne Inc. was founded in 1960 by Nicholas DeWolf and David Bakalar in Boston, Massachusetts. Initially focused on building laboratory test equipment, the company shifted its focus to semiconductor test equipment in the 1970s. Key milestones include the introduction of its first automatic test equipment (ATE) systems and significant acquisitions that expanded its product portfolio and market reach. Teradyne has evolved into a global leader in ATE for semiconductors and other industries.
Core Business Areas
- Semiconductor Test: Designs, manufactures, and sells automatic test equipment (ATE) used by semiconductor manufacturers to test integrated circuits (ICs). This includes testing for functionality, performance, and reliability across various semiconductor types.
- System Test: Provides test and industrial automation solutions for aerospace, defense, automotive, and industrial sectors. This segment focuses on test systems for complex electronic systems and components.
- Robotics: Acquired Universal Robots (UR) and AutoGuide Mobile Robots, offering collaborative robots and autonomous mobile robots for manufacturing and logistics automation.
Leadership and Structure
Teradyne's leadership team is headed by its CEO, William J. T. Sullivan. The company is structured around its core business segments, with dedicated leadership for Semiconductor Test, System Test, and Robotics.
Top Products and Market Share
Key Offerings
- Description: High-performance ATE systems crucial for testing a wide range of semiconductor devices, including microprocessors, memory, and analog/mixed-signal ICs. These platforms are essential for ensuring the quality and reliability of chips used in consumer electronics, automotive, and data centers. Competitors include Advantest and Cohu.
- Market Share Data: While specific product market share is proprietary, Teradyne is a leading player in the semiconductor ATE market, often vying for the top spot with Advantest.
- Product Name: Teradyne's Semiconductor Test Platforms (e.g., J750, UltraFLEX)
- Description: A leading brand in collaborative robots (cobots) designed to work alongside human operators in manufacturing and other environments. They are used for tasks like assembly, pick-and-place, and machine tending. Competitors include FANUC, ABB, and KUKA.
- Market Share Data: Universal Robots holds a significant share in the growing collaborative robot market.
- Product Name: Universal Robots Collaborative Robots (UR Series)
- Description: Test systems for complex electronic assemblies and components in demanding industries like aerospace and defense. These systems ensure the reliability and safety of critical systems. Competitors include National Instruments (now Emerson) and Keysight Technologies.
- Market Share Data: Market share data for this segment is typically not broken out publicly but is competitive.
- Product Name: Teradyne's System Test Solutions
Market Dynamics
Industry Overview
Teradyne operates in the semiconductor test equipment (ATE) market and the industrial automation/robotics market. The semiconductor ATE market is driven by the increasing complexity and volume of chip production, demand for advanced electronics, and the growth of AI, 5G, and automotive electrification. The industrial automation market is characterized by a strong trend towards smart manufacturing, labor shortages, and the need for increased efficiency and flexibility, with collaborative robots playing a key role.
Positioning
Teradyne is a market leader in semiconductor ATE, known for its advanced technology and broad product portfolio. In robotics, through Universal Robots, it is a pioneer and leader in the collaborative robot segment. Its diversification into system test and robotics provides resilience and access to various high-growth markets.
Total Addressable Market (TAM)
The global ATE market is valued in the tens of billions of dollars and is projected to grow significantly. The industrial robot market, including cobots, is also a multi-billion dollar market with strong growth projections. Teradyne is well-positioned to capture a substantial portion of this TAM through its leadership in key segments and strategic acquisitions.
Upturn SWOT Analysis
Strengths
- Market leadership in semiconductor ATE.
- Strong brand recognition and established customer relationships.
- Diversified business segments (Semiconductor Test, System Test, Robotics).
- Leading position in the collaborative robot market via Universal Robots.
- Robust R&D capabilities and technological innovation.
Weaknesses
- Cyclical nature of the semiconductor industry can impact revenue.
- High R&D expenditure can pressure short-term margins.
- Reliance on a few major semiconductor manufacturers for a significant portion of revenue.
Opportunities
- Growth in AI, 5G, and IoT driving demand for advanced semiconductors.
- Increasing adoption of automation in manufacturing and logistics.
- Expansion into emerging markets and new applications for robotics.
- Continued demand for high-performance testing in automotive and aerospace.
- Potential for further strategic acquisitions.
Threats
- Intense competition from other ATE and robotics manufacturers.
- Global economic downturns affecting capital spending by customers.
- Geopolitical risks and supply chain disruptions.
- Rapid technological advancements requiring continuous investment.
- Potential for commoditization in certain segments.
Competitors and Market Share
Key Competitors
- Advantest Corp. (Japan, Stock Symbol: ADNTY)
- Cohu Inc. (US, Stock Symbol: COHU)
Competitive Landscape
Teradyne holds a strong position in the semiconductor ATE market, often considered the market leader. Its competitive advantages lie in its technological innovation, comprehensive product portfolio, and strong customer relationships. Advantest is its primary competitor, offering similar advanced testing solutions. Cohu is another significant player, particularly in certain segments of semiconductor testing. The competitive landscape is intense, requiring continuous innovation and strategic market positioning.
Major Acquisitions
Universal Robots
- Year: 2015
- Acquisition Price (USD millions): 285
- Strategic Rationale: To enter and establish a leading position in the rapidly growing collaborative robot market and diversify its revenue streams beyond semiconductor test.
AutoGuide Mobile Robots
- Year: 2020
- Acquisition Price (USD millions): 165
- Strategic Rationale: To strengthen its industrial automation and robotics portfolio, offering autonomous mobile robots for material handling and logistics.
Growth Trajectory and Initiatives
Historical Growth: Teradyne has demonstrated strong historical growth, driven by its dominance in semiconductor testing and strategic expansion into robotics. The company has successfully navigated industry cycles and leveraged its technological expertise.
Future Projections: Analyst estimates generally project continued growth for Teradyne, fueled by the secular trends in semiconductors (AI, advanced computing) and industrial automation. The robotics segment, in particular, is expected to be a significant growth driver. (Specific projections vary by analyst and time period).
Recent Initiatives: Recent initiatives include continued investment in next-generation semiconductor test solutions, expansion of its collaborative robot offerings, and integration of acquired robotics businesses to enhance its industrial automation portfolio.
Summary
Teradyne Inc. is a robust company with a dominant position in semiconductor test equipment and a strong presence in the growing collaborative robotics market. Its diversified business model provides resilience, and its strategic acquisitions have enhanced its competitive edge. While the semiconductor industry's cyclicality presents a challenge, strong demand from emerging technologies like AI and automotive electrification, coupled with the automation trend, positions Teradyne for continued growth. Continued innovation and market expansion will be key to navigating competitive pressures and global economic uncertainties.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Teradyne Inc. Investor Relations
- Industry research reports (e.g., Gartner, IDC)
- Financial news outlets (e.g., Bloomberg, Reuters)
- SEC Filings (10-K, 10-Q)
Disclaimers:
This analysis is based on publicly available information as of the last update and is intended for informational purposes only. It does not constitute financial advice. Market share data and financial metrics are estimates and subject to change. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Teradyne Inc
Exchange NASDAQ | Headquaters North Reading, MA, United States | ||
IPO Launch date 1987-03-11 | President, CEO & Director Mr. Gregory Stephen Smith | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 6500 | Website https://www.teradyne.com |
Full time employees 6500 | Website https://www.teradyne.com | ||
Teradyne, Inc. designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa. It operates through Semiconductor Test, Robotics, and Other segments. The Semiconductor Test segment offers products and services for wafer level and device package testing, and system level testing of semiconductor devices 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, including microcontrollers; 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 Robotics segment provides collaborative robotic arms, autonomous mobile robots, and advanced robotic control software for manufacturing, logistics, and industrial customers. It also provides semiconductor test systems and instruments, defense/aerospace test instrumentation and systems, storage and system level test systems, wireless test systems and robotics products, and circuit-board test and inspection systems; production board test; and wireless test solutions for silicon validation, wireless module manufacturing, and wireless end device manufacturing under the LitePoint brand. Teradyne, Inc. was incorporated in 1960 and is headquartered in North Reading, Massachusetts.
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