Teradyne (NASDAQ:TER) Updates Q3 2024 Earnings Guidance

Teradyne (NASDAQ:TER) updated its third quarter 2024 earnings guidance on Wednesday. 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.

Wall Street Analysts Forecast Growth

TER has been the topic of several research reports. Northland Securities lowered their price objective on shares of Teradyne from $136.00 to $126.00 and set a market perform rating on the stock in a research report on Friday. Citigroup lowered their price objective on shares of Teradyne from $185.00 to $162.00 and set a buy rating on the stock in a research report on Friday. Susquehanna raised their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a positive rating in a research 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 research report on Tuesday, May 28th. Finally, Stifel Nicolaus raised their price objective on shares of Teradyne from $100.00 to $150.00 and gave the stock a hold rating in a research report on Tuesday, July 16th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $141.50.

Teradyne Trading Up 1.7 %

Shares of NASDAQ TER traded up $2.12 during midday trading on Friday, reaching $126.46. 2,617,182 shares of the stock were exchanged, compared to its average volume of 2,027,493. The company has a market capitalization of $19.74 billion, a P/E ratio of 48.08, a P/E/G ratio of 2.33 and a beta of 1.50. Teradyne has a 52-week low of $81.07 and a 52-week high of $163.21. The stock has a 50 day moving average price of $146.83 and a 200-day moving average price of $121.24.

Teradyne (NASDAQ:TER) last issued 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. The business 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 18.77%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, analysts forecast that Teradyne will post 3.05 earnings per share for the current year.

Teradyne Dividend Announcement

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

Insiders Place Their Bets

In other Teradyne news, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 21,780 shares in the company, valued at $2,997,799.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were 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 in the company, valued at $5,030,754.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard John Burns sold 5,005 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $137.64, for a total transaction of $688,888.20. Following the transaction, the insider now directly owns 21,780 shares in the company, valued at $2,997,799.20. The disclosure for this sale can be found here. Insiders sold a total of 10,005 shares of company stock worth $1,304,763 over the last ninety days. 0.36% of the stock is owned by company 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.