Teradyne (NASDAQ:TER) Releases Earnings Results, Beats Expectations By $0.12 EPS

Teradyne (NASDAQ:TER) released its quarterly earnings results on Wednesday. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12, Briefing.com reports. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. Teradyne’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $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 Stock Down 11.0 %

Shares of TER stock traded down $13.71 during trading on Thursday, reaching $110.72. 7,143,927 shares of the company’s stock were exchanged, compared to its average volume of 2,013,878. The stock has a market capitalization of $18.07 billion, a PE ratio of 36.42, a PEG ratio of 2.57 and a beta of 1.49. Teradyne has a twelve month low of $81.07 and a twelve month high of $163.21. The firm’s fifty day moving average price is $130.26 and its 200-day moving average price is $131.85.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. Teradyne’s dividend payout ratio is currently 15.79%.

Insider Buying and Selling

In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the transaction, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now directly owns 35,834 shares in the company, valued at $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TER shares. JPMorgan Chase & Co. raised their price target on Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Evercore ISI raised their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. StockNews.com lowered Teradyne from a “hold” rating to a “sell” rating in a research report on Monday. Robert W. Baird lifted their target price on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. Two 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.com, Teradyne has a consensus rating of “Hold” and a consensus target price of $142.57.

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.