Teradyne (NASDAQ:TER) Updates Q3 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.66-0.86 for the period, compared to the consensus 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.

Teradyne Stock Performance

Shares of Teradyne stock traded up $2.12 during midday trading on Friday, hitting $126.46. 2,617,182 shares of the company traded hands, compared to its average volume of 2,027,493. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 2.33 and a beta of 1.50. The firm’s fifty day moving average price is $146.83 and its 200-day moving average price is $121.24. Teradyne has a 12 month low of $81.07 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last announced 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 company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 EPS. Equities research analysts forecast that Teradyne will post 3.05 earnings per share for the current year.

Teradyne Dividend Announcement

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

Wall Street Analysts Forecast Growth

TER has been the subject of several recent research reports. Craig Hallum cut shares of Teradyne from a buy rating to a hold rating and set a $124.00 price target for the company. in a research report on Friday. Susquehanna upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company a positive rating in a research note on Friday. Citigroup cut their target price on shares of Teradyne from $185.00 to $162.00 and set a buy rating on the stock in a research note on Friday. KeyCorp increased their target price 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. Finally, Robert W. Baird raised their price objective on shares of Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a research note on Friday, April 26th. One research 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.com, Teradyne currently has a consensus rating of Hold and an average target price of $141.50.

Insider Activity

In related news, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Insiders sold 10,005 shares of company stock valued at $1,304,763 in the last quarter. 0.36% of the stock is currently owned by insiders.

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.