Teradyne, Inc


SKU: TER-1 Category:


Teradyne delivered a solid result in the last quarter as the company surpassed analyst expectations with respect to revenues as well as earnings. The company has seen a slowdown in demand across its test markets. At the operating level, it cleared some supply bottlenecks that allowed the company to ship more of semiconductor test products than previously planned. Teradyne has merged two of its robotics entities (AutoGuide Mobile Robots and MiR) to create a full stable of the rolling AMRs. Industrial automation was much weaker than was forecasted previously. The UltraFLEX platform of the company is aligned well with the unique needs of multi-billion transistor ADAS processors. Its Eagle platform is suited well for hundreds of amps, and thousands of volts often needed for silicon carbide devices. Automation Group’s quarter revenue, in constant currency, grew. Teradyne continues to grow its OEM channel at the UR, which includes supporting partner expansion from international and national sales coverage. We provide the stock of Teradyne with a ‘Hold’ rating and a revision in the target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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