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

Teradyne (NASDAQ:TER) issued its quarterly earnings data on Wednesday. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18, RTT News reports. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue 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 Price Performance

Shares of TER stock opened at $114.13 on Friday. The stock has a market cap of $17.46 billion, a P/E ratio of 43.40 and a beta of 1.56. The company has a fifty day moving average price of $105.62 and a two-hundred day moving average price of $100.53. Teradyne has a one year low of $81.07 and a one year high of $119.20.

Insider Buying and Selling at Teradyne

In related news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Ernest E. Maddock bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the purchase, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sanjay Mehta sold 8,653 shares of the firm’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 sale, 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.

Hedge Funds Weigh In On Teradyne

A number of hedge funds have recently bought and sold shares of TER. Cornerstone Planning Group LLC bought a new position in Teradyne during the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Teradyne during the third quarter worth about $27,000. Bfsg LLC bought a new position in Teradyne during the first quarter worth about $34,000. CVA Family Office LLC bought a new position in Teradyne during the fourth quarter worth about $33,000. Finally, American National Bank bought a new position in Teradyne during the fourth quarter worth about $37,000. 99.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TER has been the subject of several research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research report on Thursday. Evercore ISI started coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of Teradyne from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday. Robert W. Baird increased their target price on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Susquehanna increased their target price on shares of Teradyne from $125.00 to $130.00 and gave the stock a “positive” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.69.

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.