Cantor Fitzgerald Boosts Earnings Estimates for Teradyne

Teradyne, Inc. (NASDAQ:TER - Free Report) - Research analysts at Cantor Fitzgerald raised their FY2024 EPS estimates for Teradyne in a note issued to investors on Friday, October 25th. Cantor Fitzgerald analyst C. Muse now forecasts that the company will post earnings of $3.16 per share for the year, up from their prior forecast of $3.00. Cantor Fitzgerald currently has a "Overweight" rating and a $160.00 target price on the stock. The consensus estimate for Teradyne's current full-year earnings is $3.12 per share.

A number of other equities analysts have also issued reports on TER. KeyCorp increased their price objective on Teradyne from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, July 12th. Stifel Nicolaus decreased their target price on shares of Teradyne from $140.00 to $125.00 and set a "hold" rating for the company in a report on Friday. Robert W. Baird dropped their price target on Teradyne from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday. Susquehanna boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the company a "positive" rating in a report on Friday, July 26th. Finally, Craig Hallum cut their price objective on shares of Teradyne from $124.00 to $111.00 and set a "hold" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Teradyne currently has a consensus rating of "Hold" and an average price target of $142.62.

Teradyne Price Performance

Shares of TER stock traded down $0.42 on Monday, hitting $111.33. 2,588,158 shares of the stock traded hands, compared to its average volume of 2,024,566. The company's fifty day moving average is $128.96 and its 200 day moving average is $132.07. Teradyne has a 1-year low of $81.07 and a 1-year high of $163.21. The company has a market capitalization of $18.17 billion, a PE ratio of 35.34, a PEG ratio of 2.46 and a beta of 1.49.

Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million during the quarter, compared to analysts' expectations of $716.40 million. During the same quarter in the prior year, the business earned $0.80 EPS. Teradyne's quarterly revenue was up 4.8% compared to the same quarter last year.

Hedge Funds Weigh In On Teradyne

Several hedge funds have recently made changes to their positions in the stock. Exchange Capital Management Inc. grew its stake in shares of Teradyne by 7.4% during the first quarter. Exchange Capital Management Inc. now owns 4,011 shares of the company's stock valued at $453,000 after buying an additional 275 shares during the last quarter. Bourgeon Capital Management LLC lifted its holdings in shares of Teradyne by 0.7% during the 1st quarter. Bourgeon Capital Management LLC now owns 100,807 shares of the company's stock valued at $11,374,000 after buying an additional 697 shares during the period. First Trust Direct Indexing L.P. increased its position in shares of Teradyne by 17.1% during the 1st quarter. First Trust Direct Indexing L.P. now owns 2,992 shares of the company's stock valued at $338,000 after purchasing an additional 438 shares during the last quarter. Marshall Financial Group LLC grew its position in shares of Teradyne by 10.4% during the 1st quarter. Marshall Financial Group LLC now owns 9,108 shares of the company's stock valued at $1,028,000 after acquiring an additional 857 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Teradyne by 8.5% in the first quarter. Commonwealth Equity Services LLC now owns 14,853 shares of the company's stock worth $1,676,000 after buying an additional 1,159 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the transaction, the director now owns 15,893 shares in the company, valued at approximately $2,110,590.40. The trade was a 0.00 % decrease in their position. 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 6,153 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the transaction, the chief financial officer now owns 35,834 shares in the company, valued at $4,768,072.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $83,000.00. Following the sale, the director now owns 15,893 shares of the company's stock, valued at $2,110,590.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,977 shares of company stock valued at $1,979,834. 0.18% of the stock is currently owned by insiders.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Teradyne's dividend payout ratio (DPR) is currently 15.24%.

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.