FY2024 EPS Estimates for Teradyne Increased by Analyst

Teradyne, Inc. (NASDAQ:TER) – Stock analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of Teradyne in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $3.15 for the year, up from their prior forecast of $3.00. The consensus estimate for Teradyne’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Teradyne’s Q4 2024 earnings at $0.88 EPS, Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $3.98 EPS, Q1 2026 earnings at $1.04 EPS, Q2 2026 earnings at $1.38 EPS and Q3 2026 earnings at $1.43 EPS.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share.

Several other equities research analysts have also recently weighed in on the stock. Evercore ISI boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Citigroup cut their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Susquehanna upped their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. Finally, Northland Securities lowered their price objective on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $142.62.

Teradyne Price Performance

Shares of NASDAQ:TER opened at $106.52 on Friday. Teradyne has a 1-year low of $90.24 and a 1-year high of $163.21. The firm’s 50 day simple moving average is $123.10 and its two-hundred day simple moving average is $132.30. The company has a market capitalization of $17.35 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.31 and a beta of 1.52.

Institutional Investors Weigh In On Teradyne

A number of institutional investors and hedge funds have recently modified their holdings of TER. Ashton Thomas Private Wealth LLC purchased a new position in Teradyne in the second quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Teradyne in the 3rd quarter worth approximately $29,000. Rothschild Investment LLC acquired a new position in shares of Teradyne in the 2nd quarter worth approximately $33,000. Quarry LP grew its position in Teradyne by 256.1% during the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its position in Teradyne by 76.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the transaction, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 3.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,352 shares of company stock valued at $1,899,353. Insiders own 0.36% of the company’s stock.

Teradyne declared that its board has initiated a stock buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

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.