Teradyne (NASDAQ:TER) Issues Q4 2024 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.800-0.970 for the period, compared to the consensus EPS estimate of 0.880. The company issued revenue guidance of $710.0 million-$760.0 million, compared to the consensus revenue estimate of $736.5 million. Teradyne also updated its Q4 guidance to $0.80-0.97 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird upped their price target on Teradyne from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price target for the company. in a research note on Friday, July 26th. StockNews.com downgraded shares of Teradyne from a “hold” rating to a “sell” rating in a research report on Monday. Northland Capmk cut Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Evercore ISI raised their target price on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $142.57.

Teradyne Trading Down 11.0 %

Shares of Teradyne stock traded down $13.71 during trading on Thursday, reaching $110.72. The company’s stock had a trading volume of 7,143,927 shares, compared to its average volume of 2,013,878. The company has a 50-day moving average price of $130.26 and a two-hundred day moving average price of $131.85. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The firm has a market cap of $18.07 billion, a PE ratio of 36.42, a P/E/G ratio of 2.57 and a beta of 1.49.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, July 24th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business had revenue of $729.88 million during the quarter, compared to analysts’ expectations of $701.20 million. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Teradyne will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Sanjay Mehta sold 6,153 shares of the company’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 transaction of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard John Burns sold 789 shares of the stock in a transaction dated 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 directly owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is owned by company insiders.

Teradyne Company Profile

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.