Teradyne (NASDAQ:TER) Posts Earnings Results

Teradyne (NASDAQ:TER) posted its quarterly earnings data on Wednesday. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12, Briefing.com reports. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business had revenue of $737.30 million during the quarter, compared to the consensus estimate of $716.40 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Teradyne updated its Q4 2024 guidance to 0.800-0.970 EPS and its Q4 guidance to $0.80-0.97 EPS.

Teradyne Stock Down 11.0 %

Shares of TER stock traded down $13.71 during trading hours on Thursday, hitting $110.72. 7,143,927 shares of the company’s stock were exchanged, compared to its average volume of 2,013,878. The firm has a 50 day moving average of $130.26 and a two-hundred day moving average of $131.85. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The firm has a market cap of $18.07 billion, a P/E ratio of 36.42, a P/E/G ratio of 2.57 and a beta of 1.49.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Thursday, September 5th. Teradyne’s dividend payout ratio (DPR) is presently 15.79%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Susquehanna boosted their price target on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their price target on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, July 16th. KeyCorp raised their price target on shares of Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a report on Friday, July 26th. Finally, Citigroup reduced their target price on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $142.57.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total value of $80,481.25. Following the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders 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.