Q3 2024 EPS Estimates for Teradyne, Inc. Cut by Northland Capmk (NASDAQ:TER)

Teradyne, Inc. (NASDAQ:TER) – Northland Capmk lowered their Q3 2024 earnings estimates for shares of Teradyne in a report issued on Friday, July 26th. Northland Capmk analyst G. Richard now anticipates that the company will earn $0.77 per share for the quarter, down from their prior forecast of $0.91. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Teradyne’s current full-year earnings is $3.08 per share. Northland Capmk also issued estimates for Teradyne’s Q1 2025 earnings at $0.79 EPS.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The business had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their target price on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus raised their target price on shares of Teradyne from $100.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 16th. Evercore ISI lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Cantor Fitzgerald restated a “neutral” rating and set a $180.00 price objective on shares of Teradyne in a research note on Thursday, July 25th. Finally, Susquehanna boosted their target price on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $142.93.

Teradyne Stock Performance

Shares of Teradyne stock opened at $121.34 on Monday. Teradyne has a 52 week low of $81.07 and a 52 week high of $163.21. The firm has a fifty day moving average of $146.22 and a two-hundred day moving average of $121.74. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 46.14, a PEG ratio of 2.54 and a beta of 1.50.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Tuesday, May 21st. Teradyne’s payout ratio is currently 18.25%.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total transaction of $89,900.00. Following the completion of the transaction, the director now directly owns 18,393 shares in the company, valued at $2,645,649.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the transaction, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock valued at $1,304,763 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Teradyne

Several institutional investors have recently added to or reduced their stakes in TER. Mitchell & Pahl Private Wealth LLC increased its stake in Teradyne by 1.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock valued at $1,074,000 after purchasing an additional 79 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Teradyne by 0.6% in the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after buying an additional 83 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $97,000 after acquiring an additional 96 shares during the period. Quent Capital LLC increased its position in Teradyne by 6.0% in the second quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after buying an additional 105 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Teradyne by 4.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock worth $255,000 after acquiring an additional 107 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

Teradyne Company Profile

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.