Teradyne's Stock Climbs 0.3% on Mixed Earnings as $490M Volume Secures 190th Market Activity Rank

Teradyne (TER) traded higher by 0.30% on August 29, 2025, with a trading volume of $490 million, ranking 190th in market activity. The stock’s performance followed mixed second-quarter earnings results, where non-GAAP EPS of $0.57 exceeded estimates but declined 33.7% year-over-year. Revenue of $652 million, while above guidance, fell 10.7% YoY, driven by weaker Semiconductor Test platform sales and elevated operating expenses. The company also expanded its share repurchase program to $1 billion by 2026, signaling confidence in its capital structure despite margin pressures.

Key financial metrics highlighted divergent trends: Semiconductor Test platforms accounted for 75.5% of revenue, while Robotics and Product Test contributed 13%. Gross margins contracted to 57.3%, reflecting a 110-basis-point decline YoY. Analysts noted a 14.66% downward revision in earnings estimates since the report, with the stock holding a Zacks Rank #3 (Hold). Weak momentum scores and third-quarter guidance adjustments underscore near-term risks, though the balance sheet remains resilient with $367.9 million in cash and equivalents.

Technical indicators raised caution, as Teradyne’s 15-minute chart triggered a MACD Death Cross and KDJ Death Cross at 16:00 on August 28. These signals suggest potential downward momentum, aligning with mixed market sentiment. Analysts’ average twelve-month price target of $114.44 implies a -3.71% downside from the current price of $118.85, with a “Moderate Buy” consensus rating. Projections range from $85.00 to $145.00, reflecting divergent views on the stock’s trajectory.

Historical backtesting data indicates a mixed outlook: 18 Wall Street analysts project a median target of $114.44, with a high of $145.00 and a low of $85.00. The average forecast represents a potential 3.71% decline from the current price, reinforcing the need for caution. While Teradyne’s capital structure and repurchase program demonstrate long-term confidence, near-term volatility and technical indicators highlight risks for investors.