Teradyne (NASDAQ:TER) Releases Q2 2024 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.640-0.840 for the period, compared to the consensus EPS 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 Stock Performance

Shares of NASDAQ:TER traded up $0.85 during trading on Wednesday, reaching $100.70. The company had a trading volume of 2,428,307 shares, compared to its average volume of 1,807,241. The firm’s fifty day moving average is $105.27 and its 200 day moving average is $100.37. The firm has a market capitalization of $15.40 billion, a PE ratio of 36.58 and a beta of 1.56. Teradyne has a twelve month low of $81.07 and a twelve month high of $119.20.

Teradyne (NASDAQ:TER) last released its earnings results on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The business had revenue of $670.60 million for the quarter, compared to the consensus estimate of $674.99 million. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts predict that Teradyne will post 2.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TER. Cantor Fitzgerald restated a neutral rating and set a $110.00 price target on shares of Teradyne in a report on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the company a neutral rating in a report on Thursday, April 11th. Finally, Evercore ISI initiated coverage on shares of Teradyne in a research note on Tuesday, April 16th. They issued an outperform rating and a $130.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $113.73.

Insiders Place Their Bets

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was bought at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the transaction, the director now directly owns 4,728 shares of the company’s stock, valued at approximately $444,762.96. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Richard John Burns sold 1,744 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $104.89, for a total transaction of $182,928.16. Following the completion of the sale, the insider now directly owns 16,734 shares of the company’s stock, valued at approximately $1,755,229.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ernest E. Maddock acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the acquisition, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The disclosure for this purchase can be found here. Insiders sold 11,797 shares of company stock valued at $1,248,237 over the last ninety days. Corporate insiders own 0.18% 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.