Analysts Set Expectations for Teradyne FY2025 Earnings

Teradyne, Inc. (NASDAQ:TER - Free Report) - Analysts at Cantor Fitzgerald dropped their FY2025 earnings per share (EPS) estimates for Teradyne in a research note issued to investors on Wednesday, April 30th. Cantor Fitzgerald analyst C. Muse now expects that the company will earn $2.75 per share for the year, down from their prior forecast of $4.00. Cantor Fitzgerald has a "Overweight" rating and a $110.00 price objective on the stock. The consensus estimate for Teradyne's current full-year earnings is $3.88 per share.

Teradyne (NASDAQ:TER - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. The business had revenue of $685.70 million during the quarter, compared to analyst estimates of $680.54 million. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. The company's revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share.

A number of other brokerages have also weighed in on TER. Stifel Nicolaus cut their price objective on Teradyne from $125.00 to $110.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. KeyCorp reaffirmed a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Citigroup cut their target price on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. UBS Group set a $130.00 price target on shares of Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Finally, Bank of America reduced their target price on shares of Teradyne from $100.00 to $85.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $117.56.

Teradyne Price Performance

Shares of NASDAQ:TER traded up $0.10 during trading on Friday, hitting $74.17. 641,491 shares of the company's stock were exchanged, compared to its average volume of 2,565,054. The business's 50-day simple moving average is $82.80 and its 200 day simple moving average is $106.29. Teradyne has a 52-week low of $65.77 and a 52-week high of $163.21. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.83 and a beta of 1.70.

Teradyne announced that its board has initiated a stock repurchase program on Monday, April 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Teradyne

Several hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% in the 4th quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company's stock worth $620,552,000 after purchasing an additional 1,846,079 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Teradyne in the fourth quarter valued at approximately $12,118,000. Franklin Resources Inc. boosted its position in shares of Teradyne by 30.5% during the 3rd quarter. Franklin Resources Inc. now owns 88,879 shares of the company's stock valued at $11,878,000 after acquiring an additional 20,762 shares during the last quarter. Empowered Funds LLC boosted its holdings in Teradyne by 16.2% in the 4th quarter. Empowered Funds LLC now owns 30,269 shares of the company's stock valued at $3,811,000 after purchasing an additional 4,212 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of Teradyne by 3.3% in the 4th quarter. Boston Trust Walden Corp now owns 408,177 shares of the company's stock valued at $51,398,000 after buying an additional 13,020 shares during the period. Hedge funds and other institutional investors own 99.77% 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.