Teradyne (NASDAQ:TER) Issues Q2 Earnings Guidance

Teradyne (NASDAQ:TER) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.64-0.84 for the period, compared to the consensus EPS 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

Shares of TER traded up $5.22 during mid-day trading on Friday, reaching $114.13. 5,162,877 shares of the company’s stock traded hands, compared to its average volume of 1,923,860. The stock’s 50-day moving average is $105.38 and its two-hundred day moving average is $100.43. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20. The stock has a market cap of $17.46 billion, a P/E ratio of 43.34 and a beta of 1.56.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 19.06% and a net margin of 16.15%. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. During the same quarter in the prior year, the company posted $0.55 EPS. Teradyne’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts predict that Teradyne will post 2.82 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TER shares. The Goldman Sachs Group boosted their price objective on shares of Teradyne from $107.00 to $118.00 and gave the company a neutral rating in a research report on Friday. Cantor Fitzgerald reissued a neutral rating and issued a $110.00 price objective on shares of Teradyne in a research note on Thursday. Susquehanna raised their price objective on Teradyne from $125.00 to $130.00 and gave the stock a positive rating in a report on Friday. Robert W. Baird increased their price target on Teradyne from $110.00 to $120.00 and gave the stock an outperform rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Teradyne currently has a consensus rating of Hold and a consensus price target of $115.69.

Insider Buying and Selling at Teradyne

In other news, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the transaction, the chief financial officer now owns 31,180 shares in the company, valued at approximately $3,277,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Sanjay Mehta sold 8,653 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total value of $909,430.30. Following the completion of the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at $3,277,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernest E. Maddock bought 1,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now directly owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by corporate insiders.

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.