The latest trading session saw Teradyne (TER) ending at $137.15, denoting a -1.2% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.06%.The maker of wireless products, data storage and equipment to test semiconductors's stock has climbed by 18.62% in the past month, exceeding the Computer and Technology sector's loss of 0.17% and the S&P 500's los ...

Teradyne (TER) shares have lost 11.8% in the trailing six-month period against the Zacks Computer & Technology sector’s rise of 8.5%.The underperformance can be attributed to softer demand in Teradyne’s non-semiconductor test businesses, particularly in wireless and production board testing. Additionally, the slower-than-expected ramp of Wi-Fi 7 and continued weakness in the automotive sector have been headwinds.However, TER’s prospects are expected to ride on its robust and diversified portfolio. In the th ...

Shares of Teradyne Inc TER climbed in early trading on Monday.Growth of the semiconductor test total addressable market is likely to accelerate further in 2025, according to JPMorgan.Analyst Samik Chatterjee upgraded the rating for Teradyne from Neutral to Overweight, while raising the price target from $145 to $158.The Teradyne Thesis: The semiconductor test TAM that is relevant to the company is likely to reach $6.4 billion in 2025 and accelerate further to $7.6 billion in 2026, Chatterjee said in the upg ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Teradyne (TER) .Teradyne currently has an average brokerage recommendation (ABR) of 1.81, on a ...

The most recent trading session ended with Teradyne (TER) standing at $120.95, reflecting a +0.62% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.54%. At the same time, the Dow lost 0.53%, and the tech-heavy Nasdaq lost 0.66%.The maker of wireless products, data storage and equipment to test semiconductors's stock has climbed by 12.99% in the past month, exceeding the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5% ...

While IT Software companies (with different ramifications) are my favourites, bringing significantly higher growth than the overall economy, I rarely invest in IT Hardware. There are some major differences:"Fundamental Options" would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: Income oriented, especially BDCs, but also Ut ...

Teradyne, Inc. (NASDAQ: TER ) fell sharply after reporting Q3 2024 earnings on October 23, and this may be a make-or-break moment for the stock. Why do I say this? Because the stock is at a critical support level, technically speaking, and couldFull time trader and investor. Instead of lengthy and boring articles, I prefer writing concise arguments about value stocks. My goal is to identify great entry levels. Prices that you can remember years later and say "it was a great time to buy". My focus is on qual ...

For the quarter ended September 2024, Teradyne (TER) reported revenue of $737.3 million, up 4.8% over the same period last year. EPS came in at $0.90, compared to $0.80 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $714.07 million, representing a surprise of +3.25%. The company delivered an EPS surprise of +15.38%, with the consensus EPS estimate being $0.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Teradyne (TER) reported third-quarter 2024 earnings of 90 cents per share, which surpassed the Zacks Consensus Estimate by 15.38% and increased 12.5% year over year.Revenues of $737 million beat the Zacks Consensus Estimate by 3.25% and increased 5% year over year. The growth is driven by strong AI-related demand.TER’s shares have risen 14.7% compared with the Zacks Computer and Technology sector’s rise of 27.1% year to date. We believe the raised guidance will help TER stock to recover.TER’s Q3 Top-line De ...

Financial Data and Key Metrics - Q3 2024 sales were $737 million, at the high end of guidance, with non-GAAP EPS of $0.90, above the high-end guide of $0.86 [12] - Non-GAAP gross margins were 59.7%, above guidance due to product mix [12] - Non-GAAP operating expenses were $275 million, up sequentially and year-over-year, consistent with guidance [12] - Non-GAAP operating profit was approximately 22% [12] - Free cash flow was $114 million, driven by earnings and net working capital improvements [15] - Q4 sales are expected to be between $710 million and $760 million, with gross margins estimated at 59.5% to 60.5% [15] Business Line Performance - Semi Test revenue for Q3 was $543 million, with SoC contributing $393 million and Memory $150 million [13] - SoC strength was driven by Compute, while Mobile and Industrial continued to ship at consistent levels with Q2 [13] - Memory Test revenue was driven by HBM DRAM shipments, flash tooling for new UFS 4.0 standard in Mobility, and DRAM wafer sort [13] - System Test group revenue was $73 million, with continued weakness across businesses, particularly in Production Board Test and Storage Test [13] - Robotics revenue was approximately $89 million, flat sequentially and up 3% year-over-year, with UR contributing $73 million and MiR contributing $15 million [14] Market Performance - Cloud AI is driving demand in both the SoC and Memory Test markets, with Semi Test business performing above expectations [5] - Memory business delivered record high revenue in Q3 due to strong HBM demand [5] - SoC business was driven by networking and vertically integrated producers (VIPs) designing silicon for Cloud and Edge AI applications [5] - Robotics business has delivered 8% year-to-date growth despite a worsening industrial macro backdrop [10] Strategic Direction and Industry Competition - AI is a transformational secular growth driver across Teradyne's businesses, both in test and robotics [12] - The company is increasing its SoC SAM forecast for the Compute market segment by $200 million to $1.8 billion in 2024, up from $1.4 billion in 2023 [7] - Memory TAM for 2024 is now expected to be over 35% higher than the last peak in 2021, driven by AI-driven HBM DRAM demand [8] - Robotics growth strategy focuses on OEM solutions channel development and innovation-driven SAM expansion [11] Management Commentary on Operating Environment and Future Outlook - Cloud AI demand is expected to continue into Q4, but memory revenue is expected to moderate after a surge in Q3 [9] - The company expects a broader market recovery as it progresses through 2025, with lead times returning to normal [6] - Robotics business is expected to grow 15% to 20% above the industrial automation peer group, despite macroeconomic challenges [18] - The company is planning a low teens increase in year-over-year OPEX for 2025, mainly to fund Semi Test growth initiatives [20] Other Important Information - The company repurchased $25 million of shares and paid $20 million in dividends in Q3 [15] - Equity investment in Technoprobe is reflected below the line in the income statement, with 10% of TPI's profit recognized one quarter in arrears [14] - The company expects Q1 2025 revenue to be roughly 5% to 10% down quarter-over-quarter, with gross margins slightly below the target model [16] Q&A Session Summary Question: System-Level Test (SLT) TAM and Opportunities - SLT TAM is difficult to measure accurately, but the company sees growth opportunities in Compute and mobile markets, with significant strength expected in 2025 [22] - SLT is becoming an important part of the test strategy for processors in smartphones, with additional customers in the mobile space expected to drive growth [22] Question: Test Time for AI Blackwell and SLT Opportunities - Higher test times are tied to device complexity, with SLT acting as a backstop to limit growth in test time [23] - The company's future is tied to vertically integrated producers (VIPs) and networking, with increased networking test seconds expected to grow as fast as Compute test seconds [23] Question: TAM Expansion and Sales Growth - TAM expansion is driven by stronger business in AI Compute and HBM Memory, as well as better visibility into the Chinese market [25] - The company expects to stay on model towards its 2026 plan, with growth of 20% to 25% in 2025 [26] Question: Robotics Business Growth and Industry Comparison - The Robotics business has faced a soft end market, but the company has added high payload robots and established an OEM solutions channel, driving growth [28] - The company expects to outgrow traditional suppliers in robotics and industrial automation by 15 to 20 percentage points per year, with a normal market growth rate of 5% [29] Question: OPEX Growth and Operating Leverage - OPEX growth in 2025 is expected to be in the low teens, with investments focused on Semi Test growth initiatives [30] - The company expects to see operating leverage in 2025, with revenue growth outpacing OPEX growth [30] Question: Industrial Test TAM Revision - The industrial test TAM revision is due to better visibility into the size of the TAM in China, served by indigenous suppliers [42] Question: Mobile SoC Test TAM and Long-Term Opportunity - The company expects the floor in mobile SoC Test TAM to be closer to $1 billion, with upside depending on AI-enabled smartphones and refresh rates [54] Question: Robotics Business Portfolio and Ownership - The company believes it is the right owner of the Robotics business, with a unique value proposition in the advanced robotics space [57] - The company may consider separating the Robotics business in the future, but currently sees value in maintaining the combined entity [57] Question: Semi Test OPEX Increase and Market Share - The Semi Test OPEX increase is cyclical, with investments in VIP customers and networking test driving market share growth [59] Question: HBM Market Share and Post-Stack Die Test - The company has qualified for post-stack die test with a major HBM supplier and expects to gain share in the wafer sort market [60] Question: Mobile Processor Complexity and AI Integration - The company expects modest complexity increases in mobile processors in 2025, driven by AI capabilities, but no significant modem integration [63] Question: Capacity Utilization Trends - Utilization rates have increased mid- to high single digits quarter-on-quarter, with further improvements expected in Q4 [64]