TER

Teradyne, Inc.

Technology · $62.8B market cap

Share price

$449.04

close of Oct 3, 2026

Fair value

$129.58

Sticker Price

Payback Price

$51.83

buy price

Overpriced

TER is Overpriced: at $449.04 it trades 247% above its fair value of $129.58. Its buy price (Payback Price) is $51.83, 88% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Earnings Power. Our 10-year earnings projection came out at less than a fifth of the share price, too far from reality to publish. So we use a simpler measure: today's normal earnings at the price-to-earnings ratio it has typically traded at.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth9.6% a year✗

Equity per share growth6.0% a year✗

Sales growth6.2% a year✗

Free cash flow growth8.0% a year✗

Return on invested capital16.9%✓

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Superinvestors

2 of the investors we track hold TER. In Q2 2026, 1 opened a position and 1 trimmed. Who we track

Stephen Mandel

Lone Pine Capital · as of Q2 2026

$722.4M

1,493,080 shares

Lee Ainslie

Maverick Capital · as of Q2 2026

$1.0M

2,101 shares

Moves in Q2 2026

New position: Lee Ainslie

Trimmed: Stephen Mandel

Insider activity

Since Sep 1, 2026: no open-market purchases and 1 sale worth $57K. Why purchases matter

Sales

JOHNSON MERCEDES

director · 2026-09-01

Sold

$57K

About Teradyne, Inc.

Teradyne, Inc., established in 1960 and headquartered in North Reading, Massachusetts, is a global leader specializing in the creation, production, sale, and maintenance of automated testing solutions. The company's operations are categorized into four principal divisions: 1. Semiconductor Test: This segment delivers solutions for testing microchips at both the wafer and finished device package stages. These…

Semiconductors