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

Teradyne (NASDAQ:TER) issued its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 18.33% and a return on equity of 18.77%. Teradyne’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company 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 Performance

Teradyne stock opened at $110.72 on Friday. The business’s 50-day simple moving average is $129.84 and its two-hundred day simple moving average is $131.70. The company has a market cap 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 fifty-two week low of $81.07 and a fifty-two week high of $163.21.

Teradyne Announces Dividend

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

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 83,816 shares in the company, valued at $10,896,080. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at approximately $2,207,504.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock worth $1,979,834 over the last three months. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TER shares. Susquehanna lifted their price target on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a report on Friday, July 26th. Citigroup cut their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Northland Securities decreased their price target on shares of Teradyne from $136.00 to $126.00 and set a “market perform” rating for the company in a research report on Friday, July 26th. Craig Hallum downgraded shares of Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research report on Friday, July 26th. Finally, StockNews.com lowered shares of Teradyne from a “hold” rating to a “sell” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average 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.