Teradyne (NASDAQ:TER) Issues Q4 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.80-0.97 for the period, compared to the consensus estimate of $0.88. The company issued revenue guidance of $710-760 million, compared to the consensus revenue estimate of $736.46 million. Teradyne also updated its Q4 2024 guidance to 0.800-0.970 EPS.

Teradyne Stock Performance

TER traded up $1.45 on Friday, hitting $112.17. 2,345,302 shares of the company were exchanged, compared to its average volume of 2,015,503. The firm has a fifty day simple moving average of $129.84 and a two-hundred day simple moving average of $131.70. The stock has a market capitalization of $18.30 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. Teradyne has a 12 month low of $81.07 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne’s dividend payout ratio is currently 15.79%.

Analyst Ratings Changes

TER has been the subject of a number of recent analyst reports. Citigroup lowered their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. StockNews.com cut Teradyne from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Northland Securities dropped their target price on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Teradyne has an average rating of “Hold” and a consensus target price of $138.71.

Insider Activity at Teradyne

In related news, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the completion of the sale, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares in the company, valued at $2,903,539.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is 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.