Teradyne (NASDAQ:TER) Releases Q2 2024 Earnings Guidance

Teradyne (NASDAQ:TER) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.640-0.840 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of $665.0 million-$725.0 million, compared to the consensus revenue estimate of $636.6 million. Teradyne also updated its Q2 guidance to $0.64-0.84 EPS.

Analyst Upgrades and Downgrades

Several research firms have commented on TER. Evercore ISI began coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an outperform rating and a $130.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a research report on Friday. The Goldman Sachs Group boosted their target price on shares of Teradyne from $107.00 to $118.00 and gave the company a neutral rating in a research report on Friday. Susquehanna boosted their target price on shares of Teradyne from $125.00 to $130.00 and gave the company a positive rating in a research report on Friday. Finally, Cantor Fitzgerald reissued a neutral rating and issued a $110.00 target price on shares of Teradyne in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $115.69.

Teradyne Trading Up 4.8 %

Shares of TER traded up $5.22 during mid-day trading on Friday, reaching $114.13. The company’s stock had a trading volume of 5,122,770 shares, compared to its average volume of 1,923,365. The stock has a market cap of $17.46 billion, a PE ratio of 43.34 and a beta of 1.56. Teradyne has a 52 week low of $81.07 and a 52 week high of $119.20. The company’s fifty day moving average price is $105.38 and its two-hundred day moving average price is $100.43.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 19.06%. The firm had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. During the same period in the previous year, the business posted $0.55 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts anticipate that Teradyne will post 2.82 EPS for the current year.

Insider Activity at Teradyne

In other Teradyne news, 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 transaction of $909,430.30. Following the transaction, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Richard John Burns sold 1,744 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total value of $182,928.16. Following the transaction, the insider now owns 16,734 shares in the company, valued at approximately $1,755,229.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $909,430.30. Following the completion of the transaction, the chief financial officer now owns 31,180 shares in the company, valued at approximately $3,277,018. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

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.