Teradyne appoints two semiconductor veterans to board of directors

Published 26/06/2025, 21:18
Teradyne appoints two semiconductor veterans to board of directors

NORTH READING, Mass. - Teradyne, Inc. (NASDAQ:TER) announced the appointment of two new independent directors to its Board of Directors effective July 1, 2025. Drew Henry, Executive Vice President of Strategy & Ecosystem at Arm Holdings, and Dr. Necip Sayiner, former President and CEO of Intersil Corporation, will join the company’s board as part of a multi-year refreshment process.

Henry will serve on the Board’s Compensation Committee and Nominating and Corporate Governance Committee, while Sayiner will join the Audit Committee. Following these appointments and the conclusion of Ford Tamer’s tenure at the 2025 Annual Meeting, Teradyne’s board will expand from seven to nine directors. The company has demonstrated strong corporate governance, maintaining dividend payments for 12 consecutive years while operating with moderate debt levels.

Henry brings over 30 years of experience in the semiconductor and technology sectors. Before joining Arm in 2017, he served as CEO of Acetti Software and held senior roles at SanDisk and Nvidia. He holds a Master of Science in Electrical Engineering from the University of Southern California.

Sayiner previously led Intersil Corporation through its $3.2 billion sale to Renesas Electronics in 2017. His career includes serving as President and CEO of Silicon Laboratories and holding executive positions at Agere Systems. He currently serves on the boards of Sandisk, Rambus, and Axcelis Technologies.

"Drew’s extensive experience within the semiconductor industry, particularly in the Compute space, will provide valuable insights as Teradyne pursues new opportunities," said Paul Tufano, Teradyne’s Chairman, in a press release statement.

Teradyne designs and manufactures automated test equipment and robotics systems for the semiconductor and electronics industries. The company maintains a healthy gross profit margin of 59.4% and trades at a P/E ratio of 25.5. Want deeper insights? InvestingPro offers comprehensive analysis with 10+ additional ProTips and detailed financial metrics in their Pro Research Report, helping investors make informed decisions about Teradyne’s market position and growth potential.

In other recent news, Teradyne Inc. reported first-quarter 2025 earnings that exceeded expectations, with an earnings per share (EPS) of $0.75, surpassing the forecast of $0.62. The company’s revenue reached $686 million, slightly above the anticipated $681.38 million. Despite these strong earnings, Teradyne has provided guidance for the second quarter, forecasting revenue between $610 million and $680 million, indicating a potential decline from the previous quarter. Additionally, the company has reaffirmed its caution regarding visibility for the second half of the year.

Teradyne’s shareholders recently approved an amended Equity and Cash Compensation Incentive Plan, which includes governance best practices and clarifying changes. This plan was ratified following the company’s Annual Meeting. Meanwhile, Stifel analysts maintained a Hold rating on Teradyne shares, with a price target of $110.00, following the company’s earnings release. The analysts noted that Teradyne’s semiconductor testing continues to dominate its sales, while robotics revenue has decreased.

Furthermore, Teradyne has been active in the robotics sector, securing the largest order in its history from a global automotive manufacturer. The company also continues to focus on strategic initiatives, including AI and electrification, despite limited visibility beyond the second quarter.

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