Teradyne (TER) to Release Earnings on Wednesday

Teradyne (NASDAQ:TER) is scheduled to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Teradyne to post earnings of $0.33 per share for the quarter. Teradyne has set its Q1 2024 guidance at 0.220-0.380 EPS and its Q1 guidance at $0.22-0.38 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The firm had revenue of $670.60 million during the quarter, compared to analyst estimates of $674.99 million. During the same period in the previous year, the company posted $0.92 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts expect Teradyne to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Teradyne Stock Up 0.5 %

TER stock opened at $104.93 on Wednesday. The stock’s 50 day moving average is $105.36 and its 200-day moving average is $100.39. Teradyne has a twelve month low of $81.07 and a twelve month high of $119.20. The firm has a market capitalization of $16.05 billion, a PE ratio of 38.44 and a beta of 1.56.

Teradyne Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were given a dividend of $0.12 per share. This is a positive change from Teradyne’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, February 15th. Teradyne’s dividend payout ratio (DPR) is presently 17.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TER shares. Evercore ISI assumed coverage on shares of Teradyne in a report on Tuesday. They issued an “outperform” rating and a $130.00 price target on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their target price 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 analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $113.73.

Insider Activity

In other news, CFO Sanjay Mehta sold 8,653 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the transaction, the chief financial officer now directly owns 31,180 shares in the company, valued at approximately $3,277,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Richard John Burns sold 317 shares of Teradyne 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 transaction, the insider now owns 20,300 shares in the company, valued at approximately $2,287,404. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,797 shares of company stock worth $1,248,237. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently added to or reduced their stakes in TER. Price T Rowe Associates Inc. MD increased its stake in shares of Teradyne by 145.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 876,528 shares of the company’s stock valued at $95,121,000 after buying an additional 518,776 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Teradyne by 0.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 73,163 shares of the company’s stock valued at $7,940,000 after acquiring an additional 185 shares in the last quarter. Systematic Portfolios LLC purchased a new position in Teradyne during the 4th quarter valued at $245,000. Legal & General Group Plc raised its holdings in Teradyne by 13.5% in the 4th quarter. Legal & General Group Plc now owns 1,674,660 shares of the company’s stock worth $181,703,000 after purchasing an additional 199,774 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Teradyne by 10.2% in the 4th quarter. Barclays PLC now owns 2,450,232 shares of the company’s stock worth $265,899,000 after purchasing an additional 227,116 shares during the period. Institutional investors own 99.77% of the company’s stock.

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.