Teradyne (NASDAQ:TER) Announces Quarterly Earnings Results

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

Teradyne Trading Down 11.0 %

NASDAQ:TER traded down $13.71 during midday trading on Thursday, hitting $110.72. 7,143,927 shares of the company were exchanged, compared to its average volume of 2,013,878. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The company has a market capitalization of $18.07 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. The company has a fifty day simple moving average of $130.26 and a 200 day simple moving average of $131.85.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors 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 15.79%.

Analyst Ratings Changes

Several research firms recently issued reports on TER. Stifel Nicolaus increased their target price on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Northland Capmk lowered shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Evercore ISI upped their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Citigroup lowered their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $142.57.

Insider Buying and Selling at Teradyne

In related news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the transaction, the insider now 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 through the SEC website. In other news, Director Mercedes Johnson sold 625 shares of the company’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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 789 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 $104,779.20. Following the transaction, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,977 shares of company stock worth $1,979,834 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

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.