Teradyne (NASDAQ:TER) Issues Quarterly Earnings Results

Teradyne (NASDAQ:TER - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18, RTT News reports. The company had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. Teradyne's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. Teradyne updated its Q2 2024 guidance to 0.640-0.840 EPS and its Q2 guidance to $0.64-0.84 EPS.

Teradyne Trading Up 0.9 %

NASDAQ TER traded up $0.85 on Wednesday, reaching $100.70. 2,428,307 shares of the stock were exchanged, compared to its average volume of 1,807,241. Teradyne has a one year low of $81.07 and a one year high of $119.20. The firm has a market capitalization of $15.40 billion, a PE ratio of 36.89 and a beta of 1.56. The company's 50-day simple moving average is $105.25 and its two-hundred day simple moving average is $100.37.

Analyst Upgrades and Downgrades

TER has been the subject of several research reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $110.00 price target on shares of Teradyne in a research note on Monday, March 4th. JPMorgan Chase & Co. increased their price objective on shares of Teradyne from $100.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Finally, Evercore ISI assumed coverage on shares of Teradyne in a research report on Tuesday, April 16th. They set 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $113.73.

Insider Activity

In related news, CFO Sanjay Mehta sold 8,653 shares of the business's stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the sale, the chief financial officer now owns 31,180 shares in the company, valued at $3,277,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ernest E. Maddock acquired 1,000 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were purchased at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the acquisition, the director now directly owns 4,728 shares in the company, valued at approximately $444,762.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sanjay Mehta sold 8,653 shares of the company's stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total transaction of $909,430.30. Following the transaction, the chief financial officer now owns 31,180 shares in the company, valued at approximately $3,277,018. The disclosure for this sale can be found here. Insiders have sold a total of 11,797 shares of company stock worth $1,248,237 over the last quarter. 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.

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