FY2024 EPS Estimates for Teradyne Boosted by Zacks Research

Teradyne, Inc. (NASDAQ:TER) – Zacks Research increased their FY2024 EPS estimates for shares of Teradyne in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the company will earn $3.15 per share for the year, up from their previous forecast 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.

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

A number of other brokerages also recently issued reports on TER. Citigroup decreased their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a report on Friday, July 26th. Susquehanna boosted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Northland Securities dropped their price target on shares of Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $142.62.

Teradyne Stock Down 3.7 %

Shares of TER opened at $102.58 on Friday. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.31 and a beta of 1.52. Teradyne has a 52 week low of $90.24 and a 52 week high of $163.21. The stock’s 50-day moving average price is $122.33 and its 200-day moving average price is $132.12.

Institutional Trading of Teradyne

A number of institutional investors have recently bought and sold shares of TER. Geode Capital Management LLC boosted its position in shares of Teradyne by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock valued at $535,484,000 after purchasing an additional 209,868 shares during the period. Goodman Advisory Group LLC raised its stake in shares of Teradyne by 2.0% during the 3rd quarter. Goodman Advisory Group LLC now owns 22,883 shares of the company’s stock worth $3,065,000 after buying an additional 457 shares in the last quarter. Vestcor Inc raised its position in Teradyne by 27.9% in the third quarter. Vestcor Inc now owns 22,894 shares of the company’s stock worth $3,066,000 after acquiring an additional 5,000 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Teradyne by 41.1% in the third quarter. M&T Bank Corp now owns 8,645 shares of the company’s stock valued at $1,158,000 after purchasing an additional 2,519 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Teradyne by 17.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after acquiring an additional 11,541 shares during the period. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Richard John Burns sold 789 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total transaction of $104,779.20. Following the sale, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the sale, the director now owns 16,518 shares in the company, valued at approximately $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 have sold a total of 14,352 shares of company stock worth $1,899,353 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.47%. Teradyne’s payout ratio is currently 15.24%.

Teradyne declared that its Board of Directors has authorized a share buyback program on Monday, November 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

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.