Zacks Research Increases Earnings Estimates for Teradyne

Teradyne, Inc. (NASDAQ:TER - Free Report) - Research analysts at Zacks Research raised their FY2024 EPS estimates for shares of Teradyne in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $3.15 for the year, up from their prior 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.

A number of other research firms have also recently weighed in on TER. Cantor Fitzgerald raised shares of Teradyne from a "neutral" rating to an "overweight" rating and set a $160.00 price target on the stock in a research note on Friday, August 16th. Stifel Nicolaus decreased their price objective on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Robert W. Baird cut their price objective on Teradyne from $140.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Susquehanna raised their price target on Teradyne from $130.00 to $145.00 and gave the stock a "positive" rating in a research report on Friday, July 26th. Finally, StockNews.com raised Teradyne from a "sell" rating to a "hold" rating in a research note on Sunday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Teradyne has an average rating of "Hold" and a consensus target price of $142.62.

Teradyne Stock Down 3.7 %

TER stock traded down $3.94 on Friday, reaching $102.58. 3,091,868 shares of the company's stock were exchanged, compared to its average volume of 2,042,539. Teradyne has a twelve month low of $90.24 and a twelve month high of $163.21. The stock has a fifty day moving average of $122.70 and a 200-day moving average of $132.12. The firm has a market cap of $16.71 billion, a PE ratio of 32.87, a P/E/G ratio of 2.31 and a beta of 1.52.

Teradyne (NASDAQ:TER - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The company 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%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS.

Hedge Funds Weigh In On Teradyne

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Avantax Advisory Services Inc. grew its stake in shares of Teradyne by 8.0% during the first quarter. Avantax Advisory Services Inc. now owns 12,624 shares of the company's stock valued at $1,424,000 after acquiring an additional 933 shares in the last quarter. ProShare Advisors LLC grew its stake in Teradyne by 11.4% during the 1st quarter. ProShare Advisors LLC now owns 44,731 shares of the company's stock valued at $5,047,000 after purchasing an additional 4,591 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in Teradyne during the 1st quarter worth approximately $245,000. State Board of Administration of Florida Retirement System raised its position in shares of Teradyne by 6.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 207,570 shares of the company's stock valued at $22,316,000 after purchasing an additional 13,126 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Teradyne by 24.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 196,967 shares of the company's stock valued at $22,224,000 after buying an additional 38,697 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares in the company, valued at approximately $10,896,080. This represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares of the company's stock, valued at approximately $4,768,072.04. This trade represents a 14.65 % decrease in their position. 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 in the last quarter. 0.36% of the stock is owned by insiders.

Teradyne Dividend Announcement

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

Teradyne announced that its Board of Directors has initiated a share repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are 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.