Teradyne (NASDAQ:TER) Issues Q4 Earnings Guidance

Teradyne (NASDAQ:TER) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.80-0.97 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

Several research firms have issued reports on TER. Evercore ISI boosted their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Robert W. Baird boosted their target price on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a research note on Friday, July 26th. StockNews.com lowered Teradyne from a “hold” rating to a “sell” rating in a report on Monday. Finally, Citigroup lowered their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Teradyne has a consensus rating of “Hold” and an average price target of $142.57.

Teradyne Stock Performance

Shares of TER traded down $0.93 on Wednesday, hitting $124.43. 2,816,974 shares of the stock traded hands, compared to its average volume of 1,988,827. The company has a market capitalization of $19.43 billion, a PE ratio of 47.31, a P/E/G ratio of 2.58 and a beta of 1.49. The business has a 50 day simple moving average of $130.28 and a 200 day simple moving average of $131.90. Teradyne has a one year low of $81.07 and a one year high of $163.21.

Teradyne (NASDAQ:TER) last announced its 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 firm had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. On average, equities analysts expect that Teradyne will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.39%. The ex-dividend date was Thursday, September 5th. Teradyne’s payout ratio is currently 18.25%.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $80,481.25. Following the sale, the director now directly 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. Over the last three months, insiders have sold 14,977 shares of company stock worth $1,979,834. Corporate 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.