Teradyne (NASDAQ:TER) Updates Q3 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.66-0.86 for the period, compared to the consensus earnings per share estimate of $0.86. The company issued revenue guidance of $680-740 million, compared to the consensus revenue estimate of $717.66 million. Teradyne also updated its Q3 2024 guidance to 0.660-0.860 EPS.

Teradyne Price Performance

Shares of Teradyne stock traded up $2.13 on Friday, reaching $126.46. 2,527,324 shares of the company traded hands, compared to its average volume of 2,049,566. Teradyne has a 52 week low of $81.07 and a 52 week high of $163.21. The company has a 50 day moving average of $146.94 and a 200 day moving average of $121.10. The firm has a market capitalization of $19.74 billion, a PE ratio of 47.97, a PEG ratio of 2.69 and a beta of 1.50.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 19.18%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS. As a group, analysts anticipate that Teradyne will post 3.06 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.38%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Analyst Ratings Changes

Several research analysts recently commented on TER shares. Northland Securities cut their price objective on shares of Teradyne from $136.00 to $126.00 and set a market perform rating for the company in a report on Friday. The Goldman Sachs Group raised their price objective on shares of Teradyne from $118.00 to $161.00 and gave the stock a buy rating in a report on Tuesday, May 28th. Susquehanna raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a positive rating in a report on Friday. UBS Group increased their target price on shares of Teradyne from $130.00 to $170.00 and gave the stock a buy rating in a research note on Tuesday, June 18th. Finally, Robert W. Baird increased their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $143.14.

Insider Activity

In other news, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the sale, the insider now owns 21,780 shares in the company, valued at approximately $2,997,799.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Richard John Burns sold 5,005 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now owns 21,780 shares of the company’s stock, valued at approximately $2,997,799.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $75,750.00. Following the transaction, the director now directly owns 17,142 shares in the company, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,005 shares of company stock worth $1,304,763. 0.36% of the stock is currently 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.