TER
NASDAQ · Semiconductors
Teradyne Inc
$297.34
-26.02 (-8.05%)
Performance
1D
—
1W
—
1M
—
3M
+50.66%
6M
+121.35%
1Y
+247.04%
YTD
+43.25%
Open$314.98
Previous Close$323.36
Day High$314.98
Day Low$296.67
52W High$327.99
52W Low$65.77
Volume—
Avg Volume3.54M
Market Cap49.47B
P/E Ratio89.29
EPS$3.48
SectorSemiconductors
Technical Indicators
Full analysis →
SMA 50
$235.88
Above
SMA 200
$148.33
Above
RSI (14)
69.7
Neutral
Trend
Golden Cross
Bullish
Analyst Ratings
Buy
23 analysts
Price Target
-70.6% upside
Current
$297.34
$297.34
Target
$87.43
$87.43
$64.17
$87.43 avg
$107.97
Key Financials
| FY 2026 | FY 2025 | FY 2024 | |
|---|---|---|---|
| Revenue | 3.29B | 3.28B | 12.35B |
| Net Income | 571.84M | 512.76M | 1.58B |
| Profit Margin | 17.4% | 16.5% | 12.8% |
| EBITDA | 686.69M | 649.95M | 2.44B |
| Free Cash Flow | — | — | 1.39B |
| Rev Growth | +0.4% | +0.4% | +23.9% |
| Debt/Equity | 0.07 | 0.07 | 0.69 |
Dividend
Dividend Yield0.16%
Annual Dividend$0.48
Payout Ratio13.8%
Frequencyquarterly
Ex-Dividend—
Pay Date—
About Teradyne Inc
Teradyne, Inc. is a leading supplier of automatic test equipment and industrial automation solutions, headquartered in North Reading, Massachusetts. The company's Semiconductor Test segment produces systems used to test semiconductors across a wide range of end markets including mobile devices, data centers, automotive, and industrial applications. Teradyne also operates an Industrial Automation segment through its Universal Robots and MiR subsidiaries, producing collaborative robots and autonomous mobile robots. The company is one of the largest providers of semiconductor test equipment globally, serving major semiconductor manufacturers, foundries, and contract test houses.
Semiconductors Peers
| Symbol | Name | Price | Change | P/E | Mkt Cap |
|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | $171.24 | -4.16% | 35.6 | 4.27T |
| AVGO | Broadcom Inc. | $309.42 | -2.95% | 68.5 | 1.58T |
| MU | Micron Technology Inc | $355.46 | -6.97% | 39.1 | 465.34B |
| AMD | Advanced Micro Devices Inc | $203.77 | -7.49% | 76.5 | 331.58B |
| LRCX | Lam Research Corp | $211.62 | -9.35% | 47.1 | 292.85B |
| AMAT | Applied Materials Inc | $338.55 | -8.34% | 37.1 | 290.91B |
TER Frequently Asked Questions
What does Teradyne do?
Teradyne builds the automated test equipment used to verify that semiconductor chips function correctly before being shipped to device manufacturers. Every advanced chip — from smartphones to data center processors — must pass through test systems like Teradyne's before it can be used, making Teradyne an essential but invisible part of the semiconductor supply chain. The company also owns Universal Robots, the Danish manufacturer of collaborative robotic arms used in light manufacturing and assembly, and MiR, a maker of autonomous mobile robots for factory logistics — giving Teradyne exposure to industrial automation alongside semiconductor test.
Is TER stock a good investment?
Teradyne's semiconductor test business is cyclical — test equipment orders surge when chipmakers invest in new production capacity and slow when inventory correction occurs. The AI chip testing opportunity is a specific tailwind: advanced AI processors from NVIDIA and custom silicon from cloud providers require more test time per chip, increasing test intensity and driving demand for Teradyne's high-end systems. Universal Robots provides some earnings diversification but has grown more slowly than expected as collaborative robot adoption has been gradual. Valuation reflects both the cyclical nature and the secular AI hardware growth narrative.
Who are Teradyne's main competitors?
Advantest is Teradyne's closest competitor in semiconductor test equipment, with particular strength in memory test and a growing share of advanced logic chip testing. Cohu competes in lower-end wafer-level and package-level testing. Keysight Technologies competes in electronic test and measurement for R&D and production applications. National Instruments (now part of Emerson) competes in automated test platforms for defense and telecommunications. In collaborative robotics, Fanuc, KUKA, ABB, and Doosan Robotics compete with Universal Robots for light manufacturing applications.
Does Teradyne pay dividends?
Teradyne pays a small quarterly dividend that it has maintained and grown modestly, though the yield is minimal — income is not the primary investment thesis for a semiconductor equipment company. Management supplements dividends with share repurchases, using free cash flow primarily for buybacks and reinvestment in product development rather than income distribution. The dividend signals that the company generates enough cash to reward shareholders while funding R&D for next-generation test systems, but investors hold Teradyne for earnings per share growth and semiconductor cycle exposure rather than current income.
What is the current share price of TER?
TER last closed at $297.34, down 8.05% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $65.77 and a high of $327.99. The current price represents 88% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.
Is TER rated a buy or sell by analysts?
Among 23 analysts covering TER, the consensus rating is Buy — 15 rate it a buy, 7 hold, and 1 sell. The average price target sits at $87.43, implying 71% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.
What are Teradyne Inc's earnings?
Teradyne Inc generated $3.29B in revenue during fiscal year 2026, with $571.84M reaching the bottom line as net income. The net profit margin of 17.4% is solid for its sector.
How is TER valued compared to earnings?
TER trades at a P/E ratio of 89.29 on trailing earnings of $3.48 per share. That's well above the S&P 500 historical average of ~20-25x, which typically signals that investors are pricing in aggressive future growth. Comparing this multiple against Semiconductors sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.
What is TER's return over the past year?
Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +50.66% (3M), +121.35% (6M), +247.04% (1Y), +43.25% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether TER is outperforming or lagging the broader market.