Teradyne (NASDAQ:TER) Releases Q2 2024 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.640-0.840 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of $665.0 million-$725.0 million, compared to the consensus revenue estimate of $636.6 million.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TER. Evercore ISI began coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an outperform rating and a $130.00 price target on the stock. Cantor Fitzgerald reaffirmed a neutral rating and set a $110.00 price target on shares of Teradyne in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $113.73.

Teradyne Trading Up 0.9 %

NASDAQ:TER traded up $0.85 during trading hours on Wednesday, hitting $100.70. The company’s stock had a trading volume of 2,428,307 shares, compared to its average volume of 1,807,241. The stock has a market capitalization of $15.40 billion, a P/E ratio of 36.58 and a beta of 1.56. The stock has a fifty day moving average of $105.27 and a 200-day moving average of $100.37. Teradyne has a 52-week low of $81.07 and a 52-week high of $119.20.

Teradyne (NASDAQ:TER) last posted its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $670.60 million for the quarter, compared to analyst estimates of $674.99 million. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. Teradyne’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, sell-side analysts forecast that Teradyne will post 2.82 earnings per share for the current year.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Richard John Burns sold 317 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $112.68, for a total value of $35,719.56. Following the completion of the transaction, the insider now owns 20,300 shares in the company, valued at $2,287,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Sanjay Mehta sold 1,083 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total transaction of $120,158.85. Following the completion of the sale, the chief financial officer now owns 45,107 shares in the company, valued at $5,004,621.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard John Burns sold 317 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $112.68, for a total transaction of $35,719.56. Following the sale, the insider now owns 20,300 shares of the company’s stock, valued at approximately $2,287,404. The disclosure for this sale can be found here. Insiders sold 11,797 shares of company stock worth $1,248,237 over the last 90 days. Corporate insiders own 0.18% 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.