Teradyne (NASDAQ:TER) Releases Q2 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.64-0.84 for the period, compared to the consensus estimate of $0.60. The company issued revenue guidance of $665-725 million, compared to the consensus revenue estimate of $636.54 million. Teradyne also updated its Q2 2024 guidance to 0.640-0.840 EPS.

Teradyne Price Performance

TER traded up $0.85 during trading on Wednesday, reaching $100.70. 2,428,307 shares of the company’s stock were exchanged, compared to its average volume of 1,807,241. The company’s fifty day simple moving average is $105.25 and its 200-day simple moving average is $100.37. The stock has a market capitalization of $15.40 billion, a P/E ratio of 36.89 and a beta of 1.56. Teradyne has a 1 year low of $81.07 and a 1 year high of $119.20.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The firm had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Equities analysts forecast that Teradyne will post 2.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on TER shares. JPMorgan Chase & Co. raised their target price on Teradyne from $100.00 to $110.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Evercore ISI assumed coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an outperform rating and a $130.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed a neutral rating and set a $110.00 target price on shares of Teradyne in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $113.73.

Insider Buying and Selling

In related news, Director Ernest E. Maddock purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Richard John Burns sold 1,744 shares of the firm’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 directly owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ernest E. Maddock acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, 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. 0.18% of the stock is owned by corporate insiders.

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.