Teradyne (NASDAQ:TER) Issues Q3 Earnings Guidance

Teradyne (NASDAQ:TER) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.66-0.86 for the period, compared to the consensus EPS estimate of $0.86. The company issued revenue guidance of $680-740 million, compared to the consensus revenue estimate of $717.66 million. Teradyne also updated its Q3 2024 guidance to 0.660-0.860 EPS.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of recent research reports. KeyCorp lifted their price target on shares of Teradyne from $160.00 to $180.00 and gave the stock an overweight rating in a research note on Friday, July 12th. Robert W. Baird increased their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a report on Friday, April 26th. Citigroup increased their target price on shares of Teradyne from $112.00 to $185.00 and gave the stock a buy rating in a report on Monday, July 15th. Craig Hallum cut shares of Teradyne from a buy rating to a hold rating and set a $124.00 price objective on the stock. in a report on Friday. Finally, Northland Capmk cut shares of Teradyne from a strong-buy rating to a hold rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Teradyne presently has an average rating of Hold and an average price target of $143.14.

Teradyne Price Performance

TER traded up $2.13 during midday trading on Friday, hitting $126.46. 2,527,324 shares of the company’s stock traded hands, compared to its average volume of 2,049,566. The company has a market cap of $19.74 billion, a PE ratio of 47.97, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. The stock’s fifty day simple moving average is $146.94 and its 200-day simple moving average is $121.10. Teradyne has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 19.18%. The company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same quarter last year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts expect that Teradyne will post 3.06 EPS for the current year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were paid a $0.12 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.38%. Teradyne’s payout ratio is 18.25%.

Insider Transactions at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total transaction of $75,750.00. Following the sale, the director now owns 17,142 shares in the company, valued at $2,077,610.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now owns 21,780 shares in the company, valued at approximately $2,997,799.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,005 shares of company stock worth $1,304,763. Insiders own 0.36% of the company’s stock.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.