Teradyne (NASDAQ:TER) Updates Q4 Earnings Guidance

Teradyne (NASDAQ:TER) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.80-0.97 for the period, compared to the consensus earnings per share estimate of $0.88. The company issued revenue guidance of $710-760 million, compared to the consensus revenue estimate of $736.46 million. Teradyne also updated its Q4 2024 guidance to 0.800-0.970 EPS.

Teradyne Stock Performance

TER stock traded up $1.03 during trading on Friday, reaching $111.75. 3,573,702 shares of the company were exchanged, compared to its average volume of 2,021,266. The stock’s 50 day moving average price is $129.41 and its 200 day moving average price is $131.73. Teradyne has a 52-week low of $81.07 and a 52-week high of $163.21. The company has a market cap of $17.45 billion, a P/E ratio of 42.49, a PEG ratio of 2.57 and a beta of 1.49.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. As a group, equities research analysts forecast that Teradyne will post 3.02 EPS for the current year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. Teradyne’s payout ratio is 18.25%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TER shares. Stifel Nicolaus dropped their price objective on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday. Northland Securities dropped their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research report on Friday. KeyCorp upped their price objective on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Craig Hallum dropped their price objective on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday. Finally, Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $138.71.

Insider Activity at Teradyne

In other Teradyne news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $83,000.00. Following the transaction, the director now directly owns 15,893 shares of the company’s stock, valued at $2,110,590.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 789 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,977 shares of company stock worth $1,979,834. 0.36% of the stock is owned by company 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.