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

Teradyne (NASDAQ:TER) released its quarterly earnings results on Wednesday. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12, Briefing.com reports. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. Teradyne updated its Q4 2024 guidance to 0.800-0.970 EPS and its Q4 guidance to $0.80-0.97 EPS.

Teradyne Stock Performance

Teradyne stock traded down $13.71 during trading on Thursday, hitting $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 stock’s fifty day moving average is $130.26 and its 200 day moving average is $131.85. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 36.42, a P/E/G ratio of 2.57 and a beta of 1.49.

Teradyne Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard John Burns sold 789 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,977 shares of company stock valued at $1,979,834. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the subject of several research reports. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target for the company in a research note on Friday, August 16th. StockNews.com cut shares of Teradyne from a “hold” rating to a “sell” rating in a research report on Monday. Northland Capmk downgraded shares of Teradyne from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Stifel Nicolaus raised their price objective on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Finally, Evercore ISI lifted their price objective on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $142.57.

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.