Teradyne Inc. (TER, Financial) filed Quarterly Report for the period ended 2012-07-01.
Teradyne, Inc. has a market cap of $2.77 billion; its shares were traded at around $15.535 with a P/E ratio of 9.4 and P/S ratio of 1.9.
During the three months ended July 3, 2011, we recorded an inventory provision of $1.7 million included in cost of revenues, due to the downward revisions to previously forecasted demand levels. Of the $1.7 million of total excess and obsolete provisions recorded in the three months ended July 3, 2011, $1.5 million was related to Semiconductor Test and $0.2 million was related to Systems Test Group.
The decrease of $29.7 million or 4% in Semiconductor Test revenue was primarily due to a decrease in memory product revenue, partially offset by an increase in System-on-a-Chip product revenue. The increase in Systems Test Group revenue of $43.7 million or 35% was primarily due to an increase in sales of Storage Test systems. The acquisition of LitePoint, which is our Wireless Test segment, completed in October of 2011, added $143.3 million of revenue in the six months ended July 1, 2012.
Investing activities during the six months ended July 1, 2012 used cash of $115.5 million, due to $156.8 million used for purchases of marketable securities and $57.8 million used for purchases of property, plant and equipment, partially offset by proceeds from sales and maturities of marketable securities that provided cash of $39.7 million and $59.4 million, respectively.
Investing activities during the six months ended July 3, 2011 used cash of $122.5 million, due to $498.5 million used for purchases of marketable securities and $44.5 million used for purchases of property, plant and equipment, partially offset by proceeds from sales and maturities of marketable securities that provided cash of $54.3 million and $366.2 million, respectively.
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Teradyne, Inc. has a market cap of $2.77 billion; its shares were traded at around $15.535 with a P/E ratio of 9.4 and P/S ratio of 1.9.
Highlight of Business Operations:
The increase of $22.0 million or 6% in Semiconductor Test revenue was due to an increase in System-on-a-Chip product revenue partially offset by a decrease in memory product revenue. The increase in Systems Test Group revenue of $3.9 million or 6% was primarily due to an increase in sales of Mil/Aero test instrumentation, systems and services. The acquisition of LitePoint, which is our Wireless Test segment, completed in October of 2011, added $111.9 million of revenue in the three months ended July 1, 2012.During the three months ended July 3, 2011, we recorded an inventory provision of $1.7 million included in cost of revenues, due to the downward revisions to previously forecasted demand levels. Of the $1.7 million of total excess and obsolete provisions recorded in the three months ended July 3, 2011, $1.5 million was related to Semiconductor Test and $0.2 million was related to Systems Test Group.
The decrease of $29.7 million or 4% in Semiconductor Test revenue was primarily due to a decrease in memory product revenue, partially offset by an increase in System-on-a-Chip product revenue. The increase in Systems Test Group revenue of $43.7 million or 35% was primarily due to an increase in sales of Storage Test systems. The acquisition of LitePoint, which is our Wireless Test segment, completed in October of 2011, added $143.3 million of revenue in the six months ended July 1, 2012.
Investing activities during the six months ended July 1, 2012 used cash of $115.5 million, due to $156.8 million used for purchases of marketable securities and $57.8 million used for purchases of property, plant and equipment, partially offset by proceeds from sales and maturities of marketable securities that provided cash of $39.7 million and $59.4 million, respectively.
Investing activities during the six months ended July 3, 2011 used cash of $122.5 million, due to $498.5 million used for purchases of marketable securities and $44.5 million used for purchases of property, plant and equipment, partially offset by proceeds from sales and maturities of marketable securities that provided cash of $54.3 million and $366.2 million, respectively.
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