Teradyne Management

Management criteria checks 1/4

Teradyne's CEO is Greg Smith, appointed in Jul 2022, has a tenure of 1.83 years. total yearly compensation is $10.11M, comprised of 8.4% salary and 91.6% bonuses, including company stock and options. directly owns 0.025% of the company’s shares, worth $4.48M. The average tenure of the management team and the board of directors is 1.8 years and 3.5 years respectively.

Key information

Greg Smith

Chief executive officer

US$10.1m

Total compensation

CEO salary percentage	8.4%
CEO tenure	1.8yrs
CEO ownership	0.03%
Management average tenure	1.8yrs
Board average tenure	3.5yrs

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
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 ($USD10.11M) is above average for companies of similar size in the UK market ($USD5.62M).

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 (59 yo)

1.8yrs

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	1.8yrs	US$10.11m	0.025% $ 4.5m
Sanjay Mehta	CFO, VP & Treasurer	5.1yrs	US$5.07m	0.012% $ 2.2m
Richard Burns	President of Semiconductor Test Division	3.6yrs	US$2.89m	0.010% $ 1.8m
Ujjwal Kumar	Group President of Teradyne Robotics	less than a year	US$2.66m	no data
Shannon Gath	VP & Chief Information Officer	3.3yrs	no data	no data
Ryan Driscoll	Vice President	no data	no data	0.00055% $ 97.9k
Timothy Moriarty	Vice President of Corporate Development	2.3yrs	no data	no data
Jim Mahon	VP & Chief Human Resources Officer	1.3yrs	no data	no data
Kim Povlsen	President of Universal Robots	3.2yrs	no data	no data
Jean-Pierre Hathout	President of Mobile Industrial Robots	1.3yrs	no data	no data
John Wood	President of System Test Group	less than a year	no data	0.0035% $ 619.2k
John Lukez	President of LitePoint	less than a year	no data	no data

1.8yrs

Average Tenure

59yo

Average Age

Experienced Management: 0LEF's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Gregory Smith	President	1.3yrs	US$10.11m	0.025% $ 4.5m
Mercedes Johnson	Independent Director	9.8yrs	US$339.17k	0.012% $ 2.1m
Paul Tufano	Independent Chairman of the Board	19.2yrs	US$410.99k	0.0034% $ 610.3k
Timothy Guertin	Independent Director	13.3yrs	US$340.05k	0.041% $ 7.3m
Ernest Maddock	Independent Director	1.5yrs	US$320.05k	0.0014% $ 256.2k
Fouad Tamer	Independent Director	2.5yrs	US$320.05k	0.0083% $ 1.5m
Peter Herweck	Independent Director	3.5yrs	US$320.05k	0.0020% $ 361.2k
Bridget van Kralingen	Independent Independnet Director	less than a year	no data	no data
Marilyn Matz	Independent Director	6.8yrs	US$335.05k	0.0077% $ 1.4m

3.5yrs

Average Tenure

65yo

Average Age

Experienced Board: 0LEF's board of directors are considered experienced (3.5 years average tenure).

Teradyne Management

Management criteria checks 1/4

Key information

Recent management updates

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

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

Recent updates

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

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

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

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

Now 22% undervalued

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)

Now 21% undervalued

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

Third quarter dividend of US$0.12 announced

Now 21% 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.

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

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

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 20% 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

Now 22% undervalued after recent price drop

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

Investor sentiment improved over the past week

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

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

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

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

Now 22% undervalued after recent price drop

Investor sentiment deteriorated over the past week

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

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

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.11 per share

Investor sentiment deteriorated over the past week

Teradyne, Inc. Reports Earnings Guidance for the First Quarter of 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Teradyne, Inc. Provides Financial Guidance for the First Quarter of 2022 and for 2024

Now 21% undervalued

Upcoming dividend of US$0.10 per share

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$1.56 (vs US$1.34 in 3Q 2020)

Upcoming dividend of US$0.10 per share

Second quarter 2021 earnings released: EPS US$1.98 (vs US$1.14 in 2Q 2020)

Teradyne, Inc.(NasdaqGS:TER) dropped from Russell 2500 Index

Upcoming dividend of US$0.10 per share

Teradyne, Inc. Declares Quarterly Cash Dividend, Payable on June 18, 2021

First quarter 2021 earnings released: EPS US$1.23 (vs US$1.06 in 1Q 2020)

Teradyne, Inc. Provides Earnings Guidance for the Second Quarter of 2021