Teradyne (NASDAQ:TER) Updates Q3 2024 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.660-0.860 for the period, compared to the consensus estimate of 0.860. The company issued revenue guidance of $680.0 million-$740.0 million, compared to the consensus revenue estimate of $717.7 million. Teradyne also updated its Q3 guidance to $0.66-0.86 EPS.

Analyst Ratings Changes

Several analysts have recently commented on TER shares. Northland Capmk downgraded Teradyne from a strong-buy rating to a hold rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. increased their price objective on Teradyne from $120.00 to $145.00 and gave the stock a neutral rating in a research note on Tuesday. Stifel Nicolaus increased their price objective on Teradyne from $100.00 to $150.00 and gave the stock a hold rating in a research note on Tuesday, July 16th. Robert W. Baird increased their price objective on Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Finally, Craig Hallum downgraded Teradyne from a buy rating to a hold rating and set a $124.00 price target for the company. in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned 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 $141.50.

Teradyne Stock Performance

NASDAQ TER traded up $2.12 on Friday, hitting $126.46. 2,617,182 shares of the stock traded hands, compared to its average volume of 2,027,493. The business’s fifty day moving average is $146.83 and its two-hundred day moving average is $121.24. Teradyne has a 12 month low of $81.07 and a 12 month high of $163.21. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 2.33 and a beta of 1.50.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The firm had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. During the same period last year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Teradyne will post 3.05 EPS for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Tuesday, May 21st. Teradyne’s payout ratio is currently 18.25%.

Insider Transactions at Teradyne

In related news, Director Mercedes Johnson sold 625 shares of Teradyne 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 completion of the sale, the director now owns 18,393 shares of the company’s stock, valued at $2,645,649.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Teradyne news, insider Richard John Burns sold 5,005 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was 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 $2,997,799.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the sale, the director now owns 18,393 shares in the company, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders sold 10,005 shares of company stock valued at $1,304,763 over the last three months. Company insiders own 0.36% of the company’s stock.

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.