Teradyne (NASDAQ:TER) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Teradyne (NASDAQ:TER – Get Rating) released its quarterly earnings data on Tuesday. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10, MarketWatch Earnings reports. Teradyne had a return on equity of 42.38% and a net margin of 27.57%. The company had revenue of $755.30 million for the quarter, compared to analyst estimates of $741.98 million. During the same period in the prior year, the company posted $1.11 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. Teradyne updated its Q2 2022 guidance to $1.000-$1.290 EPS and its Q2 guidance to $1.00-1.29 EPS.

Shares of TER stock traded down $0.52 during trading hours on Friday, reaching $111.16. The company had a trading volume of 6,570 shares, compared to its average volume of 2,021,646. The company has a 50 day moving average of $113.92 and a 200 day moving average of $132.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.20 and a quick ratio of 2.90. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.07 and a beta of 1.50. Teradyne has a 1-year low of $102.51 and a 1-year high of $168.91.

Several equities research analysts have recently weighed in on TER shares. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research note on Friday, January 28th. Susquehanna Bancshares decreased their price target on Teradyne from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Friday, January 28th. Evercore ISI set a $150.00 price target on Teradyne in a research report on Friday, January 28th. Susquehanna decreased their price target on Teradyne from $165.00 to $150.00 in a research report on Friday, January 28th. Finally, KeyCorp assumed coverage on Teradyne in a research report on Tuesday, January 25th. They set an “overweight” rating and a $180.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $149.63.

In other news, CFO Sanjay Mehta sold 420 shares of the stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $120.00, for a total value of $50,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Charles Jeffrey Gray sold 16,603 shares of the stock in a transaction on Monday, January 31st. The shares were sold at an average price of $112.12, for a total value of $1,861,528.36. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. JustInvest LLC raised its stake in Teradyne by 65.4% during the 4th quarter. JustInvest LLC now owns 3,114 shares of the company’s stock worth $509,000 after buying an additional 1,231 shares during the period. NewEdge Advisors LLC raised its stake in Teradyne by 8.1% during the 4th quarter. NewEdge Advisors LLC now owns 19,646 shares of the company’s stock worth $3,213,000 after buying an additional 1,468 shares during the period. Zullo Investment Group Inc. acquired a new stake in Teradyne during the 4th quarter worth $35,000. Neo Ivy Capital Management acquired a new stake in Teradyne during the 4th quarter worth $49,000. Finally, Parametric Portfolio Associates LLC raised its stake in Teradyne by 21.3% during the 4th quarter. Parametric Portfolio Associates LLC now owns 593,890 shares of the company’s stock worth $97,119,000 after buying an additional 104,314 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

About Teradyne (Get Rating)

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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