The Company is a supplier of automatic test equipment products, which includes: semiconductor test systems, circuit-board test & inspection systems & military/aerospace automotive diagnostic & test systems & voice & broadband access network test systems.
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Just jumping on the bandwagon here. Teradyne shares are rather cheap with a P/E ratio of about 7. And then there's the $480 million in trailing free cash flow, the balance sheet, with $650 million in net cash, giving Teradyne an enterprise value-to-free cash flow ratio of less than 5.