Teradyne FY2025 EPS Forecast Increased by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has raised its earnings per share (EPS) forecast for Teradyne for FY2025 to $3.10, up from a previous estimate of $2.75, maintaining an "Overweight" rating with a target price of $105.00.
• Teradyne's recent quarterly earnings surpassed expectations with an EPS of $0.57, compared to a consensus estimate of $0.54, although revenue was down 10.7% year-over-year.
• The company approved a stock buyback program, authorizing the repurchase of up to $1 billion in shares, which reflects confidence in the stock's valuation.

Teradyne, Inc. (NASDAQ:TER - Free Report) - Research analysts at Cantor Fitzgerald boosted their FY2025 earnings estimates for Teradyne in a note issued to investors on Thursday, July 31st. Cantor Fitzgerald analyst C. Muse now forecasts that the company will post earnings of $3.10 per share for the year, up from their prior estimate of $2.75. Cantor Fitzgerald has a "Overweight" rating and a $105.00 price objective on the stock. The consensus estimate for Teradyne's current full-year earnings is $3.88 per share. Cantor Fitzgerald also issued estimates for Teradyne's FY2026 earnings at $4.70 EPS.

Other equities research analysts have also issued research reports about the company. Susquehanna dropped their target price on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen lowered Teradyne from a "hold" rating to a "sell" rating in a research report on Saturday. Stifel Nicolaus upped their target price on Teradyne from $85.00 to $100.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Morgan Stanley upgraded Teradyne from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $74.00 to $100.00 in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $85.00 price target on shares of Teradyne in a report on Wednesday, July 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Teradyne has a consensus rating of "Hold" and an average target price of $114.44.

Teradyne Trading Up 1.1%

Shares of TER stock traded up $1.21 during trading hours on Monday, reaching $106.93. 7,231,843 shares of the company's stock were exchanged, compared to its average volume of 4,772,442. The stock's fifty day moving average price is $90.28 and its two-hundred day moving average price is $92.25. The stock has a market cap of $17.01 billion, a PE ratio of 33.35, a PEG ratio of 2.22 and a beta of 1.72. Teradyne has a 1 year low of $65.77 and a 1 year high of $144.16.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. Teradyne had a net margin of 16.59% and a return on equity of 18.16%. The business had revenue of $651.80 million during the quarter, compared to the consensus estimate of $649.02 million. During the same period in the previous year, the company posted $0.86 earnings per share. The firm's revenue was down 10.7% on a year-over-year basis.

Hedge Funds Weigh In On Teradyne

Several hedge funds and other institutional investors have recently made changes to their positions in TER. Strategic Investment Solutions Inc. IL acquired a new position in Teradyne during the fourth quarter worth approximately $34,000. Berbice Capital Management LLC increased its holdings in shares of Teradyne by 200.0% in the first quarter. Berbice Capital Management LLC now owns 300 shares of the company's stock valued at $25,000 after purchasing an additional 200 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Teradyne by 44.7% in the first quarter. Manchester Capital Management LLC now owns 453 shares of the company's stock valued at $37,000 after purchasing an additional 140 shares during the period. Brooklyn Investment Group increased its holdings in shares of Teradyne by 189.9% in the first quarter. Brooklyn Investment Group now owns 461 shares of the company's stock valued at $38,000 after purchasing an additional 302 shares during the period. Finally, Steph & Co. acquired a new position in shares of Teradyne in the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 99.77% of the company's stock.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 554 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $105.73, for a total value of $58,574.42. Following the completion of the sale, the chief executive officer directly owned 97,547 shares of the company's stock, valued at $10,313,644.31. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Teradyne declared that its board has initiated a share buyback plan on Monday, April 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Teradyne Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio is currently 16.61%.

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.