Teradyne (NASDAQ:TER) Announces Earnings Results, Beats Estimates By $0.20 EPS

Teradyne (NASDAQ:TER) posted its earnings results on Tuesday. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.20, Zacks reports. Teradyne had a net margin of 25.77% and a return on equity of 39.93%.

Teradyne Trading Up 4.8%

NASDAQ:TER traded up $14.68 during trading hours on Tuesday, hitting $323.68. 4,042,207 shares of the company traded hands, compared to its average volume of 3,530,697. Teradyne has a twelve month low of $144.11 and a twelve month high of $487.91. The firm has a 50-day moving average of $372.26 and a 200 day moving average of $346.76. The stock has a market capitalization of $50.60 billion, a price-to-earnings ratio of 44.40, a P/E/G ratio of 0.62 and a beta of 1.75.

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, September 4th. Teradyne’s dividend payout ratio is presently 7.13%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Teradyne from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $465.00 price target on shares of Teradyne in a research report on Tuesday, July 28th. Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Morgan Stanley boosted their price objective on Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, UBS Group boosted their price objective on Teradyne from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average price target of $396.80.

More Teradyne News

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Analysts highlight potential upside: Seeking Alpha upgraded Teradyne, citing accelerating automated test equipment (ATE) growth as a catalyst for further gains. Teradyne: Accelerating ATE Growth Supports Further Upside
• Positive Sentiment: Buy recommendations are supporting sentiment: Zacks included Teradyne among its top-ranked stocks, pointing to favorable long-term growth forecasts and a more compelling valuation after the pullback. Equities Bounce: 3 Top Ranked Stocks to Buy Now
• Positive Sentiment: Institutional demand is a tailwind: ETFs were reported to be buying TER shares, suggesting continued portfolio interest following the recent decline. ETFs Are Buying Teradyne on Oct. 23
• Positive Sentiment: UBS maintained a $485 price target, signaling substantial potential upside relative to recent trading levels. UBS maintains USD 485 target for Teradyne stock
• Neutral Sentiment: Investors are awaiting quarterly results: Teradyne scheduled its third-quarter earnings report for October 27. Expectations for revenue, margins and management’s outlook may drive the next major move. Teradyne to report earnings
• Neutral Sentiment: Teradyne’s investment in FormFactor could broaden its semiconductor-test exposure, although the financial impact and strategic benefits are not yet clear. Teradyne invests in FormFactor

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $341.28, for a total value of $1,365,120.00. Following the sale, the chief executive officer directly owned 104,495 shares in the company, valued at $35,662,053.60. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 12,000 shares of company stock valued at $4,416,440. Company insiders own 0.19% of the company’s stock.

Teradyne Company Profile

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company’s product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.