Teradyne, Inc. (NASDAQ:TER) Forecasted to Post Q3 2024 Earnings of $0.91 Per Share

Teradyne, Inc. (NASDAQ:TER) – Equities researchers at Northland Capmk cut their Q3 2024 earnings per share (EPS) estimates for Teradyne in a report issued on Friday, April 26th. Northland Capmk analyst G. Richard now forecasts that the company will post earnings per share of $0.91 for the quarter, down from their previous forecast of $1.11. The consensus estimate for Teradyne’s current full-year earnings is $2.87 per share. Northland Capmk also issued estimates for Teradyne’s Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $3.25 EPS, Q2 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.32 EPS and FY2025 earnings at $5.45 EPS.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The firm had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. During the same period in the prior year, the firm earned $0.55 EPS. The company’s revenue was down 2.9% compared to the same quarter last year.

Several other analysts have also issued reports on the company. Susquehanna boosted their price target on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 target price on shares of Teradyne in a research note on Thursday. Evercore ISI assumed coverage on shares of Teradyne in a report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $117.83.

Teradyne Trading Up 4.8 %

TER opened at $114.13 on Monday. Teradyne has a 12-month low of $81.07 and a 12-month high of $119.20. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 43.40 and a beta of 1.56. The company’s 50 day moving average is $105.62 and its 200 day moving average is $100.55.

Institutional Investors Weigh In On Teradyne

Several large investors have recently added to or reduced their stakes in TER. Vanguard Group Inc. lifted its holdings in shares of Teradyne by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company’s stock worth $1,984,386,000 after buying an additional 89,511 shares during the period. FMR LLC lifted its stake in Teradyne by 3.9% in the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock worth $1,158,677,000 after acquiring an additional 437,054 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Teradyne by 2.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock worth $445,254,000 after acquiring an additional 106,848 shares in the last quarter. Van ECK Associates Corp increased its position in Teradyne by 26.9% during the 4th quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock valued at $473,265,000 after purchasing an additional 923,612 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Teradyne by 4.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock valued at $321,062,000 after purchasing an additional 140,579 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the completion of the transaction, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the acquisition, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sanjay Mehta sold 8,653 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the transaction, the chief financial officer now owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The disclosure for this sale can be found here. Corporate insiders own 0.36% 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.