Teradyne Stock Price, News & Analysis

Crane Holdings, Co. (NYSE: CR) is set to become an independent company named Crane NXT on April 3, 2023, following a successful separation transaction. The company appointed Paul G. Igoe as Senior Vice President, General Counsel, and Secretary, effective March 20, 2023. Igoe, previously with SS&C Technologies and Teradyne, brings extensive experience in the industrial technology sector. Crane NXT will focus on growth strategies in security and authentication technologies. Shareholders will retain 100% equity in both the new Crane NXT and the remaining Crane Company post-separation.

Universal Robots reported Q4 2022 revenue of USD 85 million, leading to an annual total of USD 326 million—a 5% increase from 2021. Constant currency growth was at 12%. Despite challenges from a difficult macroeconomic environment and exchange rate fluctuations, the company has achieved its highest annual revenue to date. The demand for automation is expected to grow, prompting the company to invest in areas like welding and palletizing. Universal Robots launched the new UR20 collaborative robot, further expanding its market presence.

Teradyne reported Q4 2022 revenue of $732 million, a 17% decline from Q4 2021, while FY 2022 revenue of $3,155 million fell 15% year-over-year. Q4 2022 GAAP EPS was $1.04 and non-GAAP EPS was $0.92. Test revenue decreased 17% in FY 2022, although Industrial Automation revenue increased by 7% in dollar terms. The company anticipates share repurchases of $500 million in 2023 and expects Q1 2023 revenue between $550 million and $630 million. Despite expected near-term demand declines in Semiconductor and Storage Test markets, long-term demand drivers remain intact. A quarterly dividend of $0.11 per share is scheduled for March 17, 2023.

Teradyne, Inc. (NASDAQ: TER) is set to release its financial results for Q4 and the full year 2022 on January 25, 2023, at 5:00 p.m. ET. A subsequent conference call will take place on January 26, 2023, at 8:30 a.m. ET to discuss these results and the management's outlook for the business. Investors can access the call via the company's investor website. In 2021, Teradyne achieved revenues of $3.7 billion and employs over 6,500 people globally, providing essential test solutions and automation technologies to improve product performance and manufacturing efficiency.

Teradyne has appointed Gregory Smith as its new CEO, effective February 1, 2023, succeeding Mark E. Jagiela. Smith, currently the President of the company, has a long history with Teradyne, having held various management roles, including President of the Semiconductor Test Division and the Industrial Automation Group. Jagiela, who has been with the company for over 40 years, will retire at the same time. The board praised Jagiela's leadership in enhancing financial performance and expanding into the Industrial Automation market.

Teradyne (NASDAQ: TER) announced a quarterly cash dividend of $0.11 per share, to be paid on December 21, 2022. Shareholders recorded as of November 28, 2022 will receive this dividend. In 2021, Teradyne generated $3.7 billion in revenue and employed over 6,500 people worldwide, specializing in advanced test solutions and industrial automation. The company focuses on enhancing productivity through innovative technologies in various sectors.

Teradyne, Inc. (NASDAQ:TER) announced the election of Ernest E. Maddock to its Board of Directors, effective November 14, 2022. Maddock, who was also appointed to the Audit Committee, brings over 35 years of experience in the technology sector, including a role as CFO at Micron Technology. His extensive background in semiconductors and advanced sensor technologies aligns with Teradyne's growth strategy, enhancing the company's leadership in industrial automation and innovative testing solutions.

Teradyne, Inc. (NASDAQ: TER) reported Q3 2022 revenue of $827 million, exceeding the mid-point of prior guidance. Revenue from Semiconductor Test was $576 million, while Industrial Automation saw a 2% decline year-over-year. GAAP net income was $183.5 million or $1.10 per diluted share. For Q4 2022, the company forecasts revenue between $670 million to $750 million and GAAP earnings between $0.59 to $0.84 per diluted share. The outlook reflects mixed demand in semiconductor testing, with automotive remaining strong, while industrial automation faces headwinds.

Teradyne, Inc. (NASDAQ: TER) will announce its third quarter 2022 financial results on October 25, 2022, at 5:00 p.m. ET. A conference call discussing these results and management's outlook will follow on October 26, 2022, at 8:30 a.m. ET. Interested investors can access the webcast through the company's investor relations site. The presentation materials will be available during the call. A replay of the call will also be provided on Teradyne's website.