Q3 2024 Earnings Forecast for Teradyne, Inc. (NASDAQ:TER) Issued By Zacks Research

Teradyne, Inc. (NASDAQ:TER - Free Report) - Zacks Research cut their Q3 2024 earnings per share estimates for Teradyne in a research note issued to investors on Wednesday, May 15th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.85 for the quarter, down from their prior forecast of $0.92. The consensus estimate for Teradyne's current full-year earnings is $3.02 per share. Zacks Research also issued estimates for Teradyne's Q1 2026 earnings at $1.18 EPS.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Susquehanna raised their price objective on Teradyne from $125.00 to $130.00 and gave the company a "positive" rating in a report on Friday, April 26th. Robert W. Baird raised their price objective on Teradyne from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Cantor Fitzgerald reissued a "neutral" rating and issued a $110.00 price objective on shares of Teradyne in a report on Thursday, April 25th. Finally, The Goldman Sachs Group raised their price objective on Teradyne from $107.00 to $118.00 and gave the company a "neutral" rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $117.83.

Teradyne Price Performance

TER stock traded up $0.42 during trading on Friday, hitting $131.91. 1,968,117 shares of the company traded hands, compared to its average volume of 1,984,699. The stock's 50-day simple moving average is $111.48 and its 200 day simple moving average is $103.68. The company has a market cap of $20.59 billion, a PE ratio of 50.16 and a beta of 1.50. Teradyne has a 1 year low of $81.07 and a 1 year high of $133.46.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The business had revenue of $599.82 million during the quarter, compared to the consensus estimate of $566.31 million. During the same quarter last year, the company earned $0.55 earnings per share. The company's quarterly revenue was down 2.9% on a year-over-year basis.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 22nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Tuesday, May 21st. Teradyne's payout ratio is currently 18.25%.

Insider Activity at Teradyne

In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Sanjay Mehta sold 3,750 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $120.06, for a total value of $450,225.00. Following the transaction, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the business's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total value of $75,750.00. Following the completion of the transaction, the director now owns 17,142 shares in the company, valued at approximately $2,077,610.40. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently made changes to their positions in TER. Blair William & Co. IL boosted its position in shares of Teradyne by 0.6% during the first quarter. Blair William & Co. IL now owns 15,004 shares of the company's stock worth $1,693,000 after buying an additional 83 shares during the period. Marshall Financial Group LLC lifted its position in Teradyne by 1.2% in the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company's stock worth $895,000 after purchasing an additional 96 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in Teradyne by 24.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company's stock worth $56,000 after purchasing an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Teradyne by 4.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company's stock worth $255,000 after purchasing an additional 107 shares during the period. Finally, Covestor Ltd lifted its position in Teradyne by 10.2% in the first quarter. Covestor Ltd now owns 1,162 shares of the company's stock worth $131,000 after purchasing an additional 108 shares during the period. 99.77% of the stock is owned by institutional investors.

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.