Teradyne (NASDAQ:TER) Issues Q3 2024 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.660-0.860 for the period, compared to the consensus EPS 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.

Teradyne Trading Up 0.1 %

NASDAQ:TER traded up $0.14 during mid-day trading on Friday, reaching $124.47. 1,266,122 shares of the stock were exchanged, compared to its average volume of 2,040,746. The business has a fifty day moving average price of $146.94 and a 200 day moving average price of $121.10. The firm has a market capitalization of $19.43 billion, a PE ratio of 47.97, a PEG ratio of 2.69 and a beta of 1.50. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 19.18%. The company had revenue of $729.88 million during the quarter, compared to analyst estimates of $701.20 million. During the same period in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts forecast that Teradyne will post 3.06 earnings per share for the current 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 given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is 18.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TER. Citigroup raised their price target on shares of Teradyne from $112.00 to $185.00 and gave the company a buy rating in a report on Monday, July 15th. Northland Capmk cut Teradyne from a strong-buy rating to a hold rating in a research report on Thursday, July 18th. Susquehanna upped their price target on Teradyne from $130.00 to $145.00 and gave the stock a positive rating in a research note on Friday. KeyCorp raised their price objective on Teradyne from $160.00 to $180.00 and gave the company an overweight rating in a research note on Friday, July 12th. Finally, Cantor Fitzgerald reaffirmed a neutral rating and set a $180.00 target price on shares of Teradyne in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $143.14.

Insider Buying and Selling

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 18,393 shares in the company, 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. In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of Teradyne 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 transaction, the chief financial officer now owns 41,902 shares in the company, valued at approximately $5,030,754.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.84, for a total value of $89,900.00. Following the completion of the transaction, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The disclosure for this sale can be found here. Insiders sold 10,005 shares of company stock worth $1,304,763 in the last 90 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.