Teradyne (TER)
Builds semiconductor and electronics test systems alongside collaborative and autonomous mobile robots.
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Sells automated test systems for semiconductors, wireless products, circuit boards, silicon photonics, and defense electronics, plus collaborative arms and autonomous mobile robots. Semiconductor Test generates most revenue, with sales concentrated at Asian customer sites and among several large customers.
Builds automated test systems and factory robots across Semiconductor Test, Product Test, and Robotics. UltraFLEX, J750, Magnum, and ETS platforms cover system-on-chip, memory, and analog devices from wafer through packaged-device and system-level testing.
Product Test combines LitePoint wireless testing, circuit-board systems, defense and aerospace instruments, Quantifi Photonics tools, and MultiLane Test Products for high-speed data-connection testing. Universal Robots collaborative arms and MiR autonomous mobile robots automate manufacturing, material handling, and warehouse workflows.
Most sales come from customer sites outside the United States, with Asia Pacific dominant. Test-equipment demand is cyclical and concentrated among a limited group of large customers; test manufacturing relies mainly on contractors with significant Malaysian operations, while export controls involving the United States and China can restrict sales.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 21, 2026 | Baird | Downgrade | ||
| Jul 30, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $387 | Target: $397 |
| Jul 30, 2026 | Robert W. Baird | Target | Target: $446 | Target: $420 |
| Jul 30, 2026 | Evercore ISI | Reiterate | Rating: —Target: $370 | Target: $420 |
| Jul 28, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $350 | Target: $465 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $354.8M · Total debt $100.1M · Total assets $4.93B · Shareholders' equity $3.44B
- Revenue
- $1.33B
- Operating income
- $437.8M
- Net income
- $374.5M
HistoryDividendAnnual yield
| Institutions | 97.96% | 153.15M shares | |
|---|---|---|---|
| 1,498 holders · as of Jun 30, 2026 | |||
| Insiders | 0.25% | 385.6K shares | |
| 19 holders · as of Sep 18, 2026 | |||
| Other | 1.79% | 2.81M shares | |
| remainder | |||
156.34M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.43% | 19.44M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.54% | 10.23M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.52% | 8.63M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.66% | 7.29M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 4.27% | 6.68M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Marilyn Matz | director | −400 | $351.11 |
| Sep 15, 2026 | Marilyn Matz | director | −800 | $337.83 |
| Sep 15, 2026 | Gregory Stephen Smith | director, officer: President and CEO | −4,000 | $337.83 |
| Sep 1, 2026 | Mercedes Johnson | director | −167 | $341.30 |
| Aug 17, 2026 | Gregory Stephen Smith | director, officer: President and CEO | −4,000 | $425.00 |
- Keysight Technologies
Electronic test giant; overlaps in wireless, defense, and photonic test.
- Cohu
Handler and thermal test leader; named Semiconductor Test rival in TER 10-K.
- Rockwell Automation
Largest US automation firm; OTTO AMRs square off against MiR in factories.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Teradyne | $387.44 | +1.55% | $59.65B | 52.3 | 39.5 | 13.4 | +103.9% |
| Keysight Technologies | $342.36 | +0.10% | $58.45B | 47.1 | 25.7 | 8.9 | +36.5% |
| Cohu | $61.88 | +2.08% | $2.86B | — | 42.2 | 5.5 | +38.4% |
| Rockwell Automation | $425.96 | +0.25% | $47.28B | 39.9 | 29.4 | 5.3 | +7.9% |
| Median | 43.5 | 29.4 | 5.5 | +36.5% |