FY2024 EPS Estimates for Teradyne Lifted by Northland Capmk

Teradyne, Inc. (NASDAQ:TER) – Stock analysts at Northland Capmk upped their FY2024 earnings per share (EPS) estimates for Teradyne in a note issued to investors on Thursday, October 24th. Northland Capmk analyst G. Richard now forecasts that the company will post earnings per share of $3.18 for the year, up from their previous forecast of $3.05. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Teradyne’s current full-year earnings is $3.12 per share.

TER has been the subject of several other research reports. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday. Robert W. Baird decreased their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Citigroup decreased their target price on Teradyne from $185.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Northland Securities decreased their target price on Teradyne from $126.00 to $117.00 and set a “market perform” rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI raised their target price on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Hold” and a consensus price target of $142.62.

Teradyne Stock Performance

NASDAQ:TER opened at $113.24 on Monday. Teradyne has a 1 year low of $81.07 and a 1 year high of $163.21. The stock has a market cap of $18.48 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.46 and a beta of 1.49. The business has a fifty day moving average of $128.59 and a 200-day moving average of $132.12.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year.

Teradyne Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Thursday, September 5th. Teradyne’s dividend payout ratio is 15.24%.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total value of $818,718.18. Following the completion of the sale, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $128.77, for a total value of $80,481.25. Following the sale, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,977 shares of company stock valued at $1,979,834 over the last three months. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently made changes to their positions in TER. Van ECK Associates Corp raised its stake in shares of Teradyne by 10.4% during the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after purchasing an additional 453,926 shares in the last quarter. Swedbank AB raised its stake in shares of Teradyne by 198.8% during the 2nd quarter. Swedbank AB now owns 641,614 shares of the company’s stock worth $95,145,000 after purchasing an additional 426,900 shares in the last quarter. Ossiam raised its stake in shares of Teradyne by 13,540.0% during the 1st quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after purchasing an additional 416,898 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Teradyne by 4,854.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 398,009 shares of the company’s stock worth $44,907,000 after purchasing an additional 389,975 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Teradyne by 14.6% during the 1st quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other 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.