Teradyne (NASDAQ:TER) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Teradyne (NASDAQ:TER) released its earnings results on Wednesday. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09, Briefing.com reports. The business had revenue of $729.88 million for the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a return on equity of 19.18% and a net margin of 18.33%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.79 earnings per share. Teradyne updated its Q3 2024 guidance to 0.660-0.860 EPS and its Q3 guidance to $0.66-0.86 EPS.

Teradyne Stock Down 13.4 %

NASDAQ:TER opened at $124.34 on Friday. Teradyne has a twelve month low of $81.07 and a twelve month high of $163.21. The company has a market cap of $19.41 billion, a P/E ratio of 47.28, a price-to-earnings-growth ratio of 2.69 and a beta of 1.50. The business has a 50 day moving average price of $146.94 and a two-hundred day moving average price of $121.10.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. Teradyne’s payout ratio is presently 18.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TER shares. JPMorgan Chase & Co. lifted their price objective on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $180.00 price target on shares of Teradyne in a report on Thursday. The Goldman Sachs Group increased their price objective on shares of Teradyne from $118.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Evercore ISI started coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 target price on the stock. Finally, Citigroup raised their target price on Teradyne from $112.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $142.14.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Monday, May 6th. The shares were 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 owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard John Burns sold 5,005 shares of Teradyne stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the completion of the transaction, the insider now directly owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. 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 over the last 90 days. 0.36% of the stock is owned by corporate 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.