Zacks Research Brokers Raise Earnings Estimates for Teradyne

Teradyne, Inc. (NASDAQ:TER) – Stock analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Teradyne in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $3.15 for the year, up from their prior estimate of $3.00. The consensus estimate for Teradyne’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Teradyne’s Q4 2024 earnings at $0.88 EPS, Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $3.98 EPS, Q1 2026 earnings at $1.04 EPS, Q2 2026 earnings at $1.38 EPS and Q3 2026 earnings at $1.43 EPS.

TER has been the topic of several other reports. Robert W. Baird lowered their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Susquehanna boosted their target price on Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. Northland Securities lowered their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on Teradyne from $120.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $142.62.

Teradyne Trading Down 3.7 %

Shares of Teradyne stock opened at $102.58 on Friday. The business’s fifty day simple moving average is $122.33 and its 200 day simple moving average is $132.01. The firm has a market capitalization of $16.71 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.52. Teradyne has a 12 month low of $90.24 and a 12 month high of $163.21.

Teradyne (NASDAQ:TER) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. Teradyne’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share.

Teradyne declared that its board has initiated a share repurchase program on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 83,816 shares in the company, valued at $10,896,080. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,352 shares of company stock worth $1,899,353 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Teradyne by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares in the last quarter. State Street Corp boosted its holdings in shares of Teradyne by 5.4% in the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Teradyne by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Teradyne by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock worth $383,501,000 after purchasing an additional 183,721 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Teradyne by 18.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock worth $325,814,000 after purchasing an additional 374,522 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

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.