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17.18 (1y: +13%)
Market Cap 3.25 B P/E(ttm) 20.90
Enterprise Value 2.72 B P/B 1.84
TER- NYSE (USA)
Teradyne Inc
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$17.18
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry		 vs
history
Cash to Debt 4.443
TER's Cash to Debt is ranked lower than
54% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 7.13 vs. TER: 4.443 )
TER' s 10-Year Cash to Debt Range
Min: 0.7   Max: No Debt
Current: 4.44
Equity to Asset 0.457
TER's Equity to Asset is ranked lower than
71% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.59 vs. TER: 0.457 )
TER' s 10-Year Equity to Asset Range
Min: 0.35   Max: 0.74
Current: 0.46
0.35
0.74
Interest Coverage 13.4
TER's Interest Coverage is ranked lower than
53% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 19.10 vs. TER: 13.4 )
TER' s 10-Year Interest Coverage Range
Min: 13   Max: No Debt
Current: 13.4
F-Score: 6
Z-Score: 4.81
M-Score: -3.31
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 17.30
TER's Operating margin (%) is ranked higher than
88% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.50 vs. TER: 17.30 )
TER' s 10-Year Operating margin (%) Range
Min: -45.5   Max: 25.7
Current: 17.3
-45.5
25.7
Net-margin (%) 13.1
TER's Net-margin (%) is ranked higher than
84% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.50 vs. TER: 13.1 )
TER' s 10-Year Net-margin (%) Range
Min: -58.8   Max: 26.2
Current: 13.1
-58.8
26.2
ROE (%) 12.2
TER's ROE (%) is ranked higher than
82% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.00 vs. TER: 12.2 )
TER' s 10-Year ROE (%) Range
Min: -69.9   Max: 33.8
Current: 12.2
-69.9
33.8
ROA (%) 8.9
TER's ROA (%) is ranked higher than
82% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.20 vs. TER: 8.9 )
TER' s 10-Year ROA (%) Range
Min: -37.9   Max: 21
Current: 8.9
-37.9
21
ROC (Joel Greenblatt) (%) 65.90
TER's ROC (Joel Greenblatt) (%) is ranked higher than
93% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.30 vs. TER: 65.90 )
TER' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -93.8   Max: 172.2
Current: 65.9
-93.8
172.2
Revenue Growth (%) 11.1
TER's Revenue Growth (%) is ranked higher than
83% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.00 vs. TER: 11.1 )
TER' s 10-Year Revenue Growth (%) Range
Min: -19.2   Max: 11.1
Current: 11.1
-19.2
11.1
» TER's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

TER Guru Trades in Q2 2012

Steven Cohen 166,013 sh (+308.73%)
Ken Fisher 1,161,040 sh (+11.5%)
Chuck Royce 22,713,779 sh (+1.03%)
Robert Olstein 450,000 sh (unchged)
David Dreman 202,550 sh (unchged)
Louis Moore Bacon Sold Out
Daniel Loeb Sold Out
NWQ Managers 1,239,480 sh (-2.12%)
Jim Simons 1,513,900 sh (-40.34%)
Paul Tudor Jones 133,850 sh (-71%)
Joel Greenblatt 19,682 sh (-75.23%)
» More
Q3 2012

TER Guru Trades in Q3 2012

David Tepper 419,596 sh (New)
Scott Black 13,185 sh (New)
Joel Greenblatt 121,215 sh (+515.87%)
Robert Olstein 491,000 sh (+9.11%)
Ken Fisher 1,206,165 sh (+3.89%)
David Dreman 203,375 sh (+0.41%)
Chuck Royce 21,884,203 sh (-3.65%)
NWQ Managers 1,093,355 sh (-11.79%)
Paul Tudor Jones 20,800 sh (-84.46%)
Steven Cohen 12,300 sh (-92.59%)
Jim Simons 32,400 sh (-97.86%)
» More
Q4 2012

TER Guru Trades in Q4 2012

Paul Tudor Jones 100,000 sh (+380.77%)
Steven Cohen 28,349 sh (+130.48%)
Joel Greenblatt 235,829 sh (+94.55%)
Scott Black 13,960 sh (+5.88%)
David Dreman 205,040 sh (+0.82%)
Jim Simons Sold Out
Ken Fisher 1,181,905 sh (-2.01%)
Robert Olstein 470,000 sh (-4.28%)
NWQ Managers 1,036,937 sh (-5.16%)
Chuck Royce 20,249,429 sh (-7.47%)
David Tepper 378,596 sh (-9.77%)
» More
Q1 2013

TER Guru Trades in Q1 2013

Steven Cohen 63,902 sh (+125.41%)
NWQ Managers 1,115,776 sh (+7.6%)
David Tepper 378,596 sh (unchged)
Scott Black Sold Out
Paul Tudor Jones Sold Out
David Dreman 200,439 sh (-2.24%)
Robert Olstein 445,000 sh (-5.32%)
Chuck Royce 18,930,002 sh (-6.52%)
Ken Fisher 971,810 sh (-17.78%)
Joel Greenblatt 21,419 sh (-90.92%)
» More
» Details

Insider Trades

Latest Guru Trades with TER

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Reduce -90.92%0.21%$15.81 - $17.65 $ 17.182%21419
Scott Black 2013-03-31 Sold Out 0.04%$15.81 - $17.65 $ 17.182%0
Joel Greenblatt 2012-12-31 Add 94.55%0.11%$13.49 - $16.87 $ 17.1812%235829
Joel Greenblatt 2012-12-31 Add 94.55%0.11%$13.49 - $16.87 $ 17.1812%235829
Joel Greenblatt 2012-09-30 Add 515.87%0.1%$13.06 - $16.43 $ 17.1817%121215
Scott Black 2012-09-30 New Buy0.03%$13.06 - $16.43 $ 17.1817%13185
Daniel Loeb 2012-06-30 Sold Out 2.1%$13.62 - $17.84 $ 17.1812%0
Joel Greenblatt 2012-06-30 Reduce -75.23%0.09%$13.62 - $17.84 $ 17.1812%19682
Daniel Loeb 2012-03-31 New Buy2.1%$13.75 - $17.3 $ 17.1813%5000000
Joel Greenblatt 2012-03-31 Reduce -85.77%0.79%$13.75 - $17.3 $ 17.1813%79443
John Hussman 2012-03-31 Sold Out 0.22%$13.75 - $17.3 $ 17.1813%0
Joel Greenblatt 2011-12-31 Reduce -25.75%0.35%$10.55 - $15.02 $ 17.1830%558136
Ray Dalio 2011-12-31 Sold Out 0.28%$10.55 - $15.02 $ 17.1830%0
Joel Greenblatt 2011-06-30 Add 484.3%1.34%$13.61 - $18.5 $ 17.188%779890
Joel Greenblatt 2011-03-31 Reduce -60.03%1.07%$13.48 - $19.07 $ 17.183%133475
John Hussman 2011-03-31 New Buy0.35%$13.48 - $19.07 $ 17.183%1170000
David Dreman 2011-03-31 Reduce -21.86%0.02%$13.48 - $19.07 $ 17.183%191775
Joel Greenblatt 2010-12-31 New Buy1.53%$10.92 - $14.39 $ 17.1840%333938
George Soros 2010-12-31 Sold Out $10.92 - $14.39 $ 17.1840%0
David Dreman 2010-06-30 New Buy0.08%$9.88 - $13.1 $ 17.1851%301270
George Soros 2010-06-30 New Buy$9.88 - $13.1 $ 17.1851%14900
George Soros 2010-03-31 Sold Out $9.07 - $11.52 $ 17.1866%0
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Teradyne Inc

Weekly CFO Sells Highlight: INFA, TER, ZNGA, GPK, LXP
March 12, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Informatica Corporation, Teradyne Inc., Zynga Inc., Graphic Packaging Holding Co. and Lexington Reality Trust. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 20.90
TER's P/E(ttm) is ranked higher than
51% of the 420 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 21.10 vs. TER: 20.90 )
TER' s 10-Year P/E(ttm) Range
Min: 6.15   Max: 306
Current: 20.9
6.15
306
P/B 1.84
TER's P/B is ranked lower than
62% of the 707 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.40 vs. TER: 1.84 )
TER' s 10-Year P/B Range
Min: 0.45   Max: 15.38
Current: 1.84
0.45
15.38
P/S 2.57
TER's P/S is ranked lower than
75% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.30 vs. TER: 2.57 )
TER' s 10-Year P/S Range
Min: 0.46   Max: 9.43
Current: 2.57
0.46
9.43
PFCF 16.21
TER's PFCF is ranked higher than
53% of the 409 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 17.13 vs. TER: 16.21 )
TER' s 10-Year PFCF Range
Min: 4.91   Max: 3030
Current: 16.21
4.91
3030
EV-to-EBIT 11.07
TER's EV-to-EBIT is ranked higher than
71% of the 492 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 16.53 vs. TER: 11.07 )
TER' s 10-Year EV-to-EBIT Range
Min: 4.3   Max: 241.2
Current: 11.07
4.3
241.2
Shiller P/E 64.03
TER's Shiller P/E is ranked lower than
100% of the Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: vs. TER: 64.03 )
TER' s 10-Year Shiller P/E Range
Min: 27.53   Max: 314.5
Current: 64.03
27.53
314.5

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 27.3
TER's Price/Net Cash is ranked lower than
84% of the 257 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 7.50 vs. TER: 27.3 )
TER' s 10-Year Price/Net Cash Range
Min: 6.2   Max: 36.4
Current: 27.3
6.2
36.4
Price/Net Current Asset Value 17.7
TER's Price/Net Current Asset Value is ranked lower than
64% of the 656 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 11.30 vs. TER: 17.7 )
TER' s 10-Year Price/Net Current Asset Value Range
Min: 4.4   Max: 21.1
Current: 17.7
4.4
21.1
Price/Tangible Book 2.9
TER's Price/Tangible Book is ranked lower than
78% of the 699 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.50 vs. TER: 2.9 )
TER' s 10-Year Price/Tangible Book Range
Min: 1.4   Max: 6.2
Current: 2.9
1.4
6.2
Price/DCF (Projected) 1
TER's Price/DCF (Projected) is ranked higher than
55% of the 143 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.30 vs. TER: 1 )
TER' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 4.1
Current: 1
0.6
4.1
Price/Median PS Value 0.9
TER's Price/Median PS Value is ranked lower than
63% of the 658 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. TER: 0.9 )
TER' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.7
Current: 0.9
0.3
1.7
Price/Graham Number 1.4
TER's Price/Graham Number is ranked lower than
66% of the 414 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.30 vs. TER: 1.4 )
TER' s 10-Year Price/Graham Number Range
Min: 1.1   Max: 1.9
Current: 1.4
1.1
1.9
Earnings Yield (Greenblatt) 9.00
TER's Earnings Yield (Greenblatt) is ranked higher than
79% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.60 vs. TER: 9.00 )
TER' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 23.1
Current: 9
0.4
23.1
Forward Rate of Return (Yacktman) 4.41
TER's Forward Rate of Return (Yacktman) is ranked higher than
87% of the 719 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.00 vs. TER: 4.41 )
TER' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.9   Max: 11.2
Current: 4.41
-2.9
11.2

Business Description

Teradyne Inc is Massachusetts Corporation incorporated on September 23, 1960. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test complex electronics in the consumer electronics, automotive, computing, telecommunications, wireless, and aerospace and defense industries. It is a global supplier of automatic test equipment. Its automatic test equipment products and services include: semiconductor test systems; military/aerospace test instrumentation and systems, storage test systems, and circuit-board test and inspection systems; and wireless test systems. The Company has a range of customer base which includes integrated device manufacturers, outsourced semiconductor assembly and test providers, wafer foundries, fabless companies that design, but contract with others for the manufacture of integrated circuits, developers of wireless devices and consumer electronics, manufacturers of circuit boards, automotive companies, wireless product manufacturers, storage device manufacturers, aerospace and military contractors as well as the United States Department of Defense. The Company designs, manufactures, sells and supports Semiconductor Test products and services on a worldwide basis. The test systems it provides are used both for wafer level and device package testing. These chips are used in automotive, communications, consumer, computer and electronic game applications, among others. Semiconductor Test products and services are sold to IDMs that integrate the fabrication of silicon wafers into their business, "Fabless" companies that outsource the manufacturing of silicon wafers, "Foundries" that cater to the processing and manufacturing of silicon wafers, and OSATs that provide test and assembly services for the final packaged devices to both Fabless companies and IDMs. Systems Test Group segment is comprised of three business units: Mil/Aero, Storage Test and Commercial Board Test. In the Wireless Test segment, LitePoint designs, develops, and supports advanced wireless test solutions for the development and manufacturing of wireless devices, including smart phones, tablets, notebooks/laptops, personal computer peripherals, and other Wi-Fi enabled devices. LitePoint's products fall into two categories: cellular and connectivity. The Company has sales and service offices located throughout North America, Asia and Europe. The Company sells in these areas predominantly through a direct sales force. The Company's competitors in the Semiconductor Test segment include Advantest Corporation and LTX-Credence Corporation; in the Systems Test Group include Agilent Technologies, Inc. and Xyratex Ltd; and in the Wireless Test segment include Agilent, Aeroflex, Inc., Anritsu Company and Rohde & Schwarz GmbH & Co. KG, among others. The Company is subject to various federal, state, and local government laws and regulations relating to the protection of employee health and safety and the environ
Company Website
SEC Reports
Industry: Semiconductor Equipment & Materials
Compare:ASML, AMAT, TOELY, KLAC, LRCX
Traded in other countries:TEY.Germany
» More Articles for TER

Headlines

Articles On GuruFocus.com
Weekly CFO Sells Highlight: INFA, TER, ZNGA, GPK, LXP Mar 12 2013 
Chuck Royce’s Q4 Updates, Plus His Largest Increase and Reduction Jan 08 2013 
Could These Science Stocks Provide Big Gains? Mar 11 2012 
Weekly CFO Sells Highlight: SLCA, UNH, LVS, RATE, MDVN, YUM, TER Feb 14 2012 
Teradyne Inc. (TER) VP and CFO Gregory R Beecher sells 27,500 Shares Mar 02 2011 
Teradyne Inc. (TER) CEO and President Michael A Bradley sells 52,155 Shares Feb 22 2011 
Teradyne Inc. (TER) VP and CFO Gregory R Beecher sells 19,500 Shares Feb 14 2011 
Teradyne Inc. (TER) VP and CFO Gregory R Beecher sells 10,500 Shares Feb 10 2011 
Chuck Royce Buys WGOV, DBRN, TER, FNSR, EPD, KEM, SYSW Feb 07 2011 
Teradyne Inc. (TER) CEO and President Michael A Bradley sells 90,174 Shares Feb 03 2011 

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