Teradyne (NASDAQ:TER) Posts Earnings Results, Beats Expectations By $0.18 EPS

Teradyne (NASDAQ:TER) issued its quarterly earnings results on Wednesday. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18, RTT News reports. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. 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 previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Teradyne updated its Q2 2024 guidance to 0.640-0.840 EPS and its Q2 guidance to $0.64-0.84 EPS.

Teradyne Trading Up 0.9 %

Shares of NASDAQ:TER traded up $0.85 during trading on Wednesday, reaching $100.70. The company’s stock had a trading volume of 2,428,307 shares, compared to its average volume of 1,807,241. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20. The firm’s 50 day simple moving average is $105.25 and its two-hundred day simple moving average is $100.37. The stock has a market capitalization of $15.40 billion, a PE ratio of 36.89 and a beta of 1.56.

Analyst Ratings Changes

TER has been the topic of a number of analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research report on Monday, March 4th. Evercore ISI began coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.73.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 1,083 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the completion of the sale, the chief financial officer now owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 1,083 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the completion of the sale, the chief financial officer now owns 45,107 shares of the company’s stock, valued at $5,004,621.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ernest E. Maddock bought 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the transaction, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The disclosure for this purchase can be found here. In the last quarter, insiders sold 11,797 shares of company stock valued at $1,248,237. Insiders own 0.18% 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.