Teradyne Management

Management criteria checks 2/4

Teradyne's CEO is Greg Smith, appointed in Jul 2022, has a tenure of 2.25 years. total yearly compensation is $10.11M, comprised of 8.4% salary and 91.6% bonuses, including company stock and options. directly owns 0.02% of the company’s shares, worth €3.80M. The average tenure of the management team and the board of directors is 2.3 years and 3.4 years respectively.

Key information

Greg Smith

Chief executive officer

US$10.1m

Total compensation

CEO salary percentage	8.4%
CEO tenure	2.3yrs
CEO ownership	0.02%
Management average tenure	2.3yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Greg Smith's remuneration changed compared to Teradyne's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$496m
Mar 31 2024	n/a	n/a	US$429m
Dec 31 2023	US$10m	US$850k	US$449m
Oct 01 2023	n/a	n/a	US$504m
Jul 02 2023	n/a	n/a	US$559m
Apr 02 2023	n/a	n/a	US$637m
Dec 31 2022	US$3m	US$645k	US$716m
Oct 02 2022	n/a	n/a	US$767m
Jul 03 2022	n/a	n/a	US$840m
Apr 03 2022	n/a	n/a	US$971m
Dec 31 2021	US$2m	US$500k	US$1b
Oct 03 2021	n/a	n/a	US$987m
Jul 04 2021	n/a	n/a	US$953m
Apr 04 2021	n/a	n/a	US$813m
Dec 31 2020	US$2m	US$400k	US$784m
Sep 27 2020	n/a	n/a	US$713m
Jun 28 2020	n/a	n/a	US$626m
Mar 29 2020	n/a	n/a	US$535m
Dec 31 2019	US$2m	US$400k	US$467m
Sep 29 2019	n/a	n/a	US$486m
Jun 30 2019	n/a	n/a	US$470m
Mar 31 2019	n/a	n/a	US$474m
Dec 31 2018	US$2m	US$396k	US$452m
Sep 30 2018	n/a	n/a	US$202m
Jul 01 2018	n/a	n/a	US$186m
Apr 01 2018	n/a	n/a	US$259m
Dec 31 2017	US$2m	US$335k	US$258m

Compensation vs Market: Greg's total compensation ($USD10.11M) is above average for companies of similar size in the German market ($USD5.04M).

Compensation vs Earnings: Greg's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Greg Smith (60 yo)

2.3yrs

Tenure

US$10,110,437

Compensation

Mr. Gregory S. Smith, also known as Greg, serves as President at Teradyne, Inc. since July 1, 2022 and is its Chief Executive Officer and Director since February 1, 2023. He had been President of Industria...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gregory Smith	President	2.3yrs	US$10.11m	0.020% € 3.8m
Sanjay Mehta	CFO, VP & Treasurer	5.5yrs	US$5.07m	0.0078% € 1.5m
Richard Burns	President of Semiconductor Test Division	4yrs	US$2.89m	0.0067% € 1.3m
Ujjwal Kumar	Group President of Teradyne Robotics	1.3yrs	US$2.66m	0.00097% € 185.3k
Shannon Gath	VP & Chief Information Officer	3.8yrs	no data	no data
Ryan Driscoll	Vice President	no data	no data	0.00052% € 99.4k
Timothy Moriarty	Vice President of Corporate Development	2.8yrs	no data	no data
Jim Mahon	VP & Chief Human Resources Officer	1.8yrs	no data	no data
Kim Povlsen	President of Universal Robots	3.6yrs	no data	no data
Jean-Pierre Hathout	President of Mobile Industrial Robots	1.8yrs	no data	no data
John Wood	President of System Test Group	less than a year	no data	0.0033% € 622.9k
John Lukez	President of LitePoint	less than a year	no data	no data

2.3yrs

Average Tenure

60yo

Average Age

Experienced Management: TEY's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gregory Smith	President	1.7yrs	US$10.11m	0.020% € 3.8m
Mercedes Johnson	Independent Director	10.3yrs	US$339.17k	0.0086% € 1.6m
Paul Tufano	Independent Chairman of the Board	19.6yrs	US$410.99k	0.0032% € 613.3k
Ernest Maddock	Independent Director	1.9yrs	US$320.05k	0.0029% € 554.1k
Fouad Tamer	Independent Director	2.9yrs	US$320.05k	0.0093% € 1.8m
Peter Herweck	Independent Director	3.9yrs	US$320.05k	0.0021% € 408.9k
Bridget van Kralingen	Independent Independnet Director	less than a year	no data	0.00043% € 82.2k
Marilyn Matz	Independent Director	7.3yrs	US$335.05k	0.0088% € 1.7m

3.4yrs

Average Tenure

64yo

Average Age

Experienced Board: TEY's board of directors are considered experienced (3.4 years average tenure).

Teradyne Management

Management criteria checks 2/4

Key information

Recent management updates

Teradyne Robotics Appoints James Davidson as Chief Artificial Intelligence Officer

Teradyne, Inc., Annual General Meeting, May 09, 2024

Teradyne, Inc. Appoints Bridget A. Van Kralingen to Its Board of Directors, Compensation Committee and the Nominating and Corporate Governance Committee

Teradyne, Inc. Announces Retirement of Charles J. Gray as Vice President and General Counsel, Effective February 1, 2024

Teradyne, Inc. Announces Retirement of Mark E. Jagiela as Member of Board of Directors Effective February 1, 2023

Teradyne, Inc. Announces CEO Changes, Effective February 1, 2023

Recent updates

Teradyne, Inc. to Report Q3, 2024 Results on Oct 23, 2024

Second quarter dividend of US$0.12 announced

Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on September 27, 2024

New minor risk - Shareholder dilution

Now 20% undervalued

New minor risk - Share price stability

Second quarter 2024 earnings released: EPS: US$1.18 (vs US$0.78 in 2Q 2023)

Teradyne, Inc. Provides Earnings Guidance for the Third Quarter 2024

Teradyne, Inc. to Report Q2, 2024 Results on Jul 24, 2024

Now 257% overvalued after recent price rise

Now 20% overvalued after recent price rise

New minor risk - Share price stability

Teradyne Robotics Appoints James Davidson as Chief Artificial Intelligence Officer

First quarter dividend of US$0.12 announced

Now 20% overvalued after recent price rise

Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on June 14, 2024

First quarter 2024 earnings released: EPS: US$0.42 (vs US$0.54 in 1Q 2023)

Now 21% undervalued

Teradyne, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Teradyne, Inc., Annual General Meeting, May 09, 2024

Now 20% undervalued

Full year 2023 earnings released: EPS: US$2.91 (vs US$4.52 in FY 2022)

Upcoming dividend of US$0.12 per share at 0.5% yield

Full year 2023 earnings released: EPS: US$2.91 (vs US$4.52 in FY 2022)

Teradyne, Inc. Provides Earnings Guidance for the First Quarter of 2024

Third quarter dividend of US$0.12 announced

Now 23% undervalued

Teradyne, Inc. to Report Q4, 2023 Results on Jan 30, 2024

Teradyne, Inc. Appoints Bridget A. Van Kralingen to Its Board of Directors, Compensation Committee and the Nominating and Corporate Governance Committee

Teradyne, Inc. Announces Retirement of Charles J. Gray as Vice President and General Counsel, Effective February 1, 2024

Technoprobe S.p.A. (BIT:TPRO) has entered into an agreement to acquire Device Interface Solutions Business of Teradyne, Inc. for $85 million net of cash and debt.

Third quarter 2023 earnings released: EPS: US$0.83 (vs US$1.17 in 3Q 2022)

Teradyne, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023

Teradyne, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on September 25, 2023

Second quarter 2023 earnings released: EPS: US$0.78 (vs US$1.24 in 2Q 2022)

Teradyne, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Teradyne Analytics Solution Brings Real-Time Analysis to Semiconductor Test Flow

Now 21% undervalued after recent price drop

Teradyne, Inc. Reports Impairment of Property and Equipment for the First Quarter Ended March 31, 2023

First quarter 2023 earnings released: EPS: US$0.54 (vs US$1.00 in 1Q 2022)

Now 20% undervalued

Now 21% undervalued

Now 22% undervalued

Upcoming dividend of US$0.11 per share at 0.4% yield

Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on March 17, 2023

Full year 2022 earnings released: EPS: US$4.52 (vs US$6.15 in FY 2021)

Teradyne, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Teradyne, Inc. Announces Retirement of Mark E. Jagiela as Member of Board of Directors Effective February 1, 2023

Teradyne, Inc. Announces CEO Changes, Effective February 1, 2023

Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on December 21, 2022

Teradyne, Inc. Announces the Election of Ernest E. Maddock to its Board of Directors, Effective November 14, 2022

Third quarter 2022 earnings released: EPS: US$1.17 (vs US$1.56 in 3Q 2021)

Teradyne, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022

Teradyne, Inc. to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.11 per share

Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on September 23, 2022

Teradyne, Inc. Provides Earnings Guidance for the Third Quarter of 2022

Second quarter 2022 earnings released: EPS: US$1.24 (vs US$1.98 in 2Q 2021)

Teradyne, Inc. to Report Q2, 2022 Results on Jul 26, 2022

Teradyne, Inc. Appoints Greg Smith as President, Effective on July 1, 2022

Now 20% undervalued after recent price drop

Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on June 17, 2022

First quarter 2022 earnings released: EPS: US$1.00 (vs US$1.23 in 1Q 2021)

Teradyne, Inc. Provides Earnings Guidance for the Second Quarter of 2022

Teradyne, Inc. to Report Q1, 2022 Results on Apr 26, 2022

Teradyne, Inc., Annual General Meeting, May 13, 2022

Investor sentiment improved over the past week

Upcoming dividend of US$0.11 per share