Teradyne (NASDAQ:TER) Announces Earnings Results

Teradyne (NASDAQ:TER) released its earnings results on Wednesday. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12, Briefing.com reports. The firm had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. Teradyne updated its Q4 2024 guidance to 0.800-0.970 EPS and its Q4 guidance to $0.80-0.97 EPS.

Teradyne Stock Performance

Shares of Teradyne stock opened at $111.75 on Friday. The firm has a market cap of $17.45 billion, a PE ratio of 42.49, a P/E/G ratio of 2.57 and a beta of 1.49. The business’s 50 day simple moving average is $129.41 and its 200 day simple moving average is $131.73. Teradyne has a 52-week low of $81.07 and a 52-week high of $163.21.

Teradyne Announces Dividend

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

Insider Transactions at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction 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 owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Teradyne news, insider Richard John Burns sold 789 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the company’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 value of $80,481.25. Following the sale, the director now owns 17,143 shares in the company, valued at approximately $2,207,504.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock valued at $1,979,834 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TER has been the subject of a number of analyst reports. Susquehanna lifted their price objective on Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. KeyCorp boosted their target price on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Cantor Fitzgerald upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, August 16th. Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $138.71.

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.