Ujjwal Kumar Discusses Reshoring Renaissance and Its Impact on Manufacturing

Why The Reshoring Renaissance Makes Good Business Sense

Ujjwal Kumar, Group President at Teradyne Robotics, emphasizes the significance of the reshoring renaissance in the U.S. manufacturing sector. He notes a remarkable 3,000% increase in discussions around reshoring, onshoring, and nearshoring among executives from Q1 2020 to Q3 2023. With 69% of manufacturers already reshoring their supply chains and 93% planning to accelerate this trend, Kumar highlights the role of advanced robotics, AI, and automation in enhancing productivity and creating a more collaborative work environment. The construction spending on U.S. manufacturing facilities has also surged, indicating a strong commitment to domestic production.

Teradyne

Teradyne Reports Significant Decline in Earnings

Teradyne's (NASDAQ:TER) Anemic Earnings Might Be Worse Than You Think

Teradyne, Inc. has reported a concerning 48% decrease in net profit over the past three years, with a 12% decline in the last year alone. The company also issued 5.9% more new shares, leading to dilution of shareholders' net income. Additionally, Teradyne's earnings per share performance has been worse than its profit performance, raising concerns about its sustainable profitability. Notably, the net profit was artificially inflated by US$44 million from unusual items, which may not recur in the current year.

Teradyne Reports Strong Quarterly Earnings

Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Mather Group LLC.

Teradyne, Inc. has reported impressive quarterly earnings of $0.86 per share, surpassing analysts' expectations of $0.77. Additionally, the company achieved a revenue of $729.88 million, exceeding the anticipated $701.20 million. These results reflect strong operational performance and positive market reception.

Mather Group LLC Increases Stake in Teradyne, Inc.

Mather Group LLC has significantly increased its stake in Teradyne, Inc. by 66.2% during the second quarter of 2024, now owning 806 shares valued at approximately $120,000. This follows a trend of other institutional investors also boosting their holdings in Teradyne, indicating growing confidence in the company's performance.

Insider Selling at Teradyne

Insider Selling: Teradyne, Inc. (NASDAQ:TER) Director Sells 625 Shares of Stock

Teradyne, Inc. Director Mercedes Johnson sold 625 shares of the company's stock at an average price of $63.47 per share. This sale occurred on November 28, 2023, and comes amidst a backdrop of the company's recent financial performance, including a reported revenue of $1.2 billion in Q3 2023. The stock is currently trading around $63 per share.

Teradyne Shares Jump Approximately 36.79% Over the Year

Teradyne, Inc. [TER] Shares Jump Approximately 36.79% Over the Year – Knox Daily

Stocks With Rising Relative Price Strength: Teradyne

Why Teradyne (TER) International Revenue Trends Deserve Your Attention

Teradyne shares have jumped approximately 36.79% over the past year, reaching a 52-week high of $146.52 on May 28, 2024, and a 52-week low of $92.29 on January 31, 2024.

Teradyne Insider Selling Activity

Teradyne insiders, including Burns Richard John and Mehta Sanjay, sold a total of 8,755 shares, valued at over $764,630, on May 20, 2024.

Analyst Upgrades for Teradyne

Goldman upgraded Teradyne from Neutral to Buy with a price target of $161, while Evercore ISI upgraded the company from Neutral to Outperform with the same price target, following similar upgrades in April and February.

Teradyne Robotics Appoints James Davidson as Chief AI Officer

Teradyne Robotics names new Chief AI Officer By Investing.com

Teradyne Robotics Welcomes James Davidson as Chief AI Officer

Teradyne Robotics, a division of Teradyne Inc., has appointed James Davidson as its Chief Artificial Intelligence Officer. Davidson brings over 20 years of experience in AI and robotics from his previous roles at Google Brain/DeepMind, MITRE, Talos Robotics, Third Wave Automation, and MiR. This appointment highlights the company's commitment to advancing AI capabilities and revolutionizing manufacturing processes through innovation in collaborative and mobile industrial robotic technologies.

Hsbc Holdings PLC Lowers Stock Position in Teradyne, Inc.

Hsbc Holdings PLC Lowers Stock Position in Teradyne, Inc. (NASDAQ:TER)

Hsbc Holdings PLC has sold Teradyne, Inc. (NASDAQ:TER) shares, lowering its stock position in the company.

Teradyne is a leading provider of advanced test solutions and collaborative and autonomous mobile robots, enabling the next generation of technology and delivering manufacturing automation across industries and applications worldwide.

Universal Robots

Mobile Industrial Robots A/S

LitePoint

Teradyne brings high-quality innovations such as smart devices, life-saving medical equipment and data storage systems to market, faster. Its advanced test solutions for semiconductors, electronic systems, wireless devices and more ensure that products perform as they were designed. Its robotics offerings include collaborative and mobile robots that help manufacturers of all sizes improve productivity and lower costs. Teradyne employs over 6,500 people worldwide.The Semiconductor Test Division is the world's largest supplier of semiconductor test equipment for logic, RF, analog, power, mixed-signal and memory technologies. The System Test Group is a global leader in electronics testing solutions serving the world's leading original equipment manufacturers, electronics manufacturing services suppliers, and hard disk drive makers. The Wireless Test segment, LitePoint, is focused on reducing the time to market and cost of system level test for wireless products operating on WiFi, Bluetooth, GPS, and cellular phone networks.Teradyne Robotics, consisting of Universal Robots and MiR, provides low-cost, easy-to-deploy and simple-to-program robots that work side by side with production workers to improve quality and increase manufacturing efficiency.

Tribotek

Gold Wire Technology

Teradyne, Inc. designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications. This segment also provides FLEX test platform systems; J750 test system to address the volume semiconductor devices; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets. It serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and semiconductor assembly and test providers. The System Test segment offers defense/aerospace test instrumentation and systems; storage test systems; and circuit-board test and inspection systems. The Industrial Automation segment provides collaborative robotic arms, autonomous mobile robots, and advanced robotic control software for manufacturing, logistics, and light industrial customers. The Wireless Test segment provides test solutions for use in the development and manufacture of wireless devices and modules, smartphones, tablets, notebooks, laptops, peripherals, and Internet-of-Things devices under the LitePoint brand name. This segment also offers IQxel products for Wi-Fi and other standards; IQxstream solution for testing GSM, EDGE, CDMA2000, TD-SCDMA, WCDMA, HSPA+, LTE, and 5G technologies; IQcell, a multi-device cellular signaling test solution; IQgig test solution; and turnkey test software for wireless chipsets. Teradyne, Inc. was incorporated in 1960 and is headquartered in North Reading, Massachusetts.

COM:TERADYNE

Teradyne

Last Close

103.58

21/11 21:00

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24.84B

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2.23M

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