Teradyne (NASDAQ:TER) Issues Q4 2024 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.800-0.970 for the period, compared to the consensus EPS estimate of 0.880. The company issued revenue guidance of $710.0 million-$760.0 million, compared to the consensus revenue estimate of $736.5 million. Teradyne also updated its Q4 guidance to $0.80-0.97 EPS.

Analyst Ratings Changes

Several brokerages have recently weighed in on TER. KeyCorp increased their target price on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a research report on Friday, July 26th. Evercore ISI boosted their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Finally, StockNews.com lowered shares of Teradyne from a “hold” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $142.57.

Teradyne Stock Down 0.7 %

Shares of TER traded down $0.93 during mid-day trading on Wednesday, hitting $124.43. The stock had a trading volume of 2,816,974 shares, compared to its average volume of 1,988,827. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The company has a market cap of $19.43 billion, a PE ratio of 47.31, a PEG ratio of 2.58 and a beta of 1.49. The company’s fifty day simple moving average is $130.28 and its two-hundred day simple moving average is $131.90.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Equities analysts expect that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio is presently 18.25%.

Insiders Place Their Bets

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now owns 17,143 shares in the company, valued at $2,207,504.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Teradyne news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares in the company, valued at approximately $2,207,504.11. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,977 shares of company stock valued at $1,979,834 over the last quarter. Insiders own 0.36% of the company’s stock.

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.