Northland Securities Lifts Earnings Estimates for Teradyne

Teradyne, Inc. (NASDAQ:TER) – Equities researchers at Northland Securities upped their FY2026 EPS estimates for shares of Teradyne in a research note issued on Thursday, October 29th. Northland Securities analyst G. Richard now forecasts that the company will post earnings of $9.40 per share for the year, up from their previous forecast of $9.34. The consensus estimate for Teradyne’s current full-year earnings is $9.17 per share. Northland Securities also issued estimates for Teradyne’s Q4 2026 earnings at $2.10 EPS, Q1 2027 earnings at $2.27 EPS and Q2 2027 earnings at $2.63 EPS.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.20. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. Teradyne had a net margin of 27.46% and a return on equity of 43.81%. The company’s quarterly revenue was up 69.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS.

TER has been the subject of several other research reports. Zacks Research cut Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. UBS Group lowered their price objective on shares of Teradyne from $485.00 to $430.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group set a $440.00 target price on Teradyne in a report on Wednesday. Evercore reissued an “outperform” rating and set a $420.00 price target on shares of Teradyne in a report on Thursday, July 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research report on Wednesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $405.86.

Teradyne Stock Performance

TER opened at $296.23 on Friday. Teradyne has a one year low of $151.52 and a one year high of $487.91. The company has a market cap of $46.31 billion, a P/E ratio of 34.01, a PEG ratio of 0.63 and a beta of 1.75. The business’s 50-day simple moving average is $366.38 and its 200-day simple moving average is $348.15.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Teradyne in the 2nd quarter valued at $9,404,408,000. State Street Corp lifted its stake in shares of Teradyne by 4.6% in the 2nd quarter. State Street Corp now owns 7,290,460 shares of the company’s stock valued at $3,527,416,000 after purchasing an additional 320,034 shares in the last quarter. Van ECK Associates Corp lifted its position in Teradyne by 5.0% during the second quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock valued at $1,261,813,000 after buying an additional 123,549 shares in the last quarter. ABS Investment Management LLC purchased a new stake in Teradyne during the 2nd quarter worth $1,006,387,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Teradyne by 0.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,978,124 shares of the company’s stock worth $957,096,000 after buying an additional 12,659 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction that occurred 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 represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,000 shares of company stock valued at $4,416,440 in the last quarter. 0.19% of the stock is owned by corporate insiders.

Teradyne Announces Dividend

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

Key Headlines Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Teradyne reported third-quarter revenue of approximately $1.31 billion, up nearly 70% year over year, while EPS of $2.29 exceeded the $2.09 consensus estimate. AI-related demand drove record revenue in memory and integrated-systems testing, supporting the company’s expectations for continued growth. Teradyne Q3 Earnings Beat Estimates, Revenues Increase Year over Year
• Positive Sentiment: Management highlighted expanding AI compute programs, capacity investments and a targeted compute ramp in mid-2027. The company’s AI-driven growth outlook and record memory-test activity could support Teradyne’s longer-term earnings trajectory. Teradyne Q3 Earnings Call Highlights AI Demand and 2027 Growth Plans
• Neutral Sentiment: Northland Securities made mixed estimate changes: its FY2026 EPS forecast increased to $9.40 from $9.34 and its Q2 2027 forecast rose to $2.63, but its Q1 2027 estimate fell to $2.27 from $2.59 and its Q4 2026 estimate edged down to $2.10. The FY2026 forecast remains above the $9.17 consensus. Teradyne analyst estimates
• Negative Sentiment: Shares fell after the earnings release because fourth-quarter revenue guidance of $1.25 billion to $1.35 billion and commentary about margin pressure did not fully match the market’s elevated expectations, despite the earnings beat. Teradyne stock falls despite Q3 earnings beat
• Negative Sentiment: UBS lowered its price target to $430 from $485 while maintaining a Buy rating. Analysts and investors are also questioning whether Teradyne’s substantial prior gains and premium valuation already reflect much of its AI growth potential. Teradyne stock may be above fair value despite record AI demand

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.