Teradyne, Inc. (TER)
Technology · Semiconductors · Data as of 2026-10-22
Bottom line
TER is trading at a premium to its history, near its historical resistance zone, and recent volume suggests money flowing out. Historically, this combination has called for extra caution. Past patterns are not a guarantee of future results.
Valuation — Trading at a premium (Red)
TER trades at 47× earnings, above its own 5-year average of 32× and above similar technology companies we track (31×, 86 peers). Investors are currently paying more per dollar of earnings than usual. Its free-cash-flow yield is about 1.5%. Its current multiple sits around the 71st percentile of its own last five years — toward the high end of its own range. About 70% of its reported earnings arrived as free cash over the last year.
Price zones — Near its historical resistance zone (Red)
At $308.75, the stock is close to the upper end of its recent range. Over the past year TER has traded between $135.83 and $487.91; its historical support zone sits near $135.83 and resistance near $347.09. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $135.83–$487.91 · 50-day average $376.49 · 200-day average $347.09
Money flow — Money is flowing out (Red)
Recent trading in TER shows more volume on falling days than rising days, a pattern often described as distribution. Volume on up days has been about 1.0× volume on down days over the last 30 sessions.
Dividends & company facts
TER paid $0.51 a share in dividends over the past year — 0.17% of today's price — and raised it 3 times in the last five years. It returned more through buybacks: $686 million in fiscal 2025, about 1.3% of its market value.
- Dividend yield (12 months)
- 0.17%
- Paid over 12 months
- $0.51 a share
- Payout ratio
- 6.8%
- Buybacks
- 1.27% (fiscal 2025)
- Shares, past year
- -2.1%
- Revenue, 12 months
- $4.5B
- Profit, 12 months
- $1.2B
- Employees
- 6,600
- CEO
- Gregory Stephen Smith
- Headquarters
- North Reading, MA
- Listed since
- 1970 · NASDAQ
About the company
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.
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一句话结论
TER 相对自身历史处于溢价水平，接近其历史阻力区，近期成交量显示资金正在流出。从历史来看，这样的组合需要格外谨慎。过去的形态并不能保证未来的结果。
估值 — 相对自身历史处于溢价水平
TER 目前的市盈率为 47×，高于其自身 5 年平均的 32×，并且高于我们追踪的同类Technology公司（31×，86 家）。投资者目前为每一美元盈利付出的价格高于以往。其自由现金流收益率约为 1.5%。它当前的估值倍数大约位于自身过去五年分布的第 71 百分位——处于自身区间的偏高位置。过去一年，其报告利润中约有 70% 转化为自由现金。
价格区间 — 接近其历史阻力区
目前价格为 $308.75，接近其近期区间的上沿。过去一年 TER 的价格在 $135.83 到 $487.91 之间波动；其历史支撑区在 $135.83 附近，阻力区在 $347.09 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 资金正在流出
TER 近期下跌日的成交量高于上涨日，这种形态常被称为派发。过去 30 个交易日，上涨日的成交量约为下跌日的 1.0×。
股息与公司概况
TER 过去一年每股派息 0.51 美元，相当于当前股价的 0.17%，过去五年上调过 3 次。它通过回购返还了更多：2025 财年回购 6.9亿美元，约占市值的 1.3%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.