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

Teradyne (NASDAQ:TER) posted its quarterly earnings data on Wednesday. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09, Briefing.com reports. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. Teradyne had a return on equity of 19.18% and a net margin of 18.33%. Teradyne’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. 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 %

Shares of NASDAQ:TER opened at $124.34 on Friday. The firm has a fifty day simple moving average of $146.94 and a two-hundred day simple moving average of $121.10. The stock has a market capitalization of $19.41 billion, a P/E ratio of 47.28, a PEG ratio of 2.69 and a beta of 1.50. Teradyne has a 52 week low of $81.07 and a 52 week high of $163.21.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.39%. Teradyne’s dividend payout ratio (DPR) is currently 18.25%.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 3,750 shares of the firm’s 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 directly owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total transaction of $89,900.00. Following the transaction, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 10,005 shares of company stock valued at $1,304,763. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TER. KeyCorp raised their price objective on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Northland Securities downgraded shares of Teradyne from an “outperform” rating to a “market perform” rating and set a $136.00 price target on the stock. in a report on Thursday, July 18th. Susquehanna increased their price objective on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. 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 report on Friday, April 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Teradyne has an average rating of “Hold” and a consensus price target of $142.79.

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.