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North Reading, Massachusetts-based Teradyne, Inc. (TER) designs, develops, manufactures, and sells automated test systems and robotics products. Valued at $17.3 billion by market cap, the company's test equipment products and services include, semiconductor test systems, military, aerospace test instrumentation, circuit-board test, inspection systems, automotive diagnostic, and test systems.
Shares of this leading supplier of automated test solutions have underperformed the broader market considerably over the past year. TER has gained 17.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 32.3%. In 2024, TER stock is down 1.8%, compared to the SPX’s 24.7% rise on a YTD basis.