Teradyne (NASDAQ:TER) Updates Q2 2024 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.640-0.840 for the period, compared to the consensus earnings per share estimate of 0.600. The company issued revenue guidance of $665.0 million-$725.0 million, compared to the consensus revenue estimate of $636.6 million. Teradyne also updated its Q2 guidance to $0.64-0.84 EPS.

Teradyne Price Performance

Shares of NASDAQ TER traded up $5.22 during mid-day trading on Friday, reaching $114.13. The company’s stock had a trading volume of 5,122,770 shares, compared to its average volume of 1,923,365. The firm has a market capitalization of $17.46 billion, a PE ratio of 43.34 and a beta of 1.56. Teradyne has a 52 week low of $81.07 and a 52 week high of $119.20. The stock has a fifty day moving average of $105.38 and a two-hundred day moving average of $100.43.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a return on equity of 19.06% and a net margin of 16.15%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. Analysts anticipate that Teradyne will post 2.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TER shares. JPMorgan Chase & Co. upped their price objective on Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a research report on Thursday, April 11th. The Goldman Sachs Group upped their target price on Teradyne from $107.00 to $118.00 and gave the company a neutral rating in a research note on Friday. Robert W. Baird upped their target price on Teradyne from $110.00 to $120.00 and gave the company an outperform rating in a research note on Friday. Cantor Fitzgerald reaffirmed a neutral rating and set a $110.00 target price on shares of Teradyne in a research note on Thursday. Finally, Susquehanna upped their target price on Teradyne from $125.00 to $130.00 and gave the company a positive rating in a research note on Friday. 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. According to data from MarketBeat.com, Teradyne presently has a consensus rating of Hold and an average price target of $115.69.

Insider Activity

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now directly owns 4,728 shares of the company’s stock, valued at $444,762.96. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Teradyne news, insider Richard John Burns sold 1,744 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total value of $182,928.16. Following the completion of the transaction, the insider now owns 16,734 shares in the company, valued at $1,755,229.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ernest E. Maddock purchased 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average price of $94.07 per share, with a total value of $94,070.00. Following the purchase, the director now owns 4,728 shares of the company’s stock, valued at $444,762.96. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.

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.