Teradyne (NASDAQ:TER) Updates Q4 2024 Earnings Guidance
Teradyne (NASDAQ:TER) has updated its Q4 2024 earnings guidance, projecting EPS between 0.800-0.970, slightly below the consensus estimate of 0.880. Revenue guidance is also lower than expected. Recent analyst ratings show mixed opinions, with some upgrades and downgrades. The stock has seen fluctuations, trading down recently, and has a consensus rating of "Hold". Teradyne also announced a quarterly dividend and reported a net margin of 18.33% in its last earnings release.
Teradyne (NASDAQ:TER - Get Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.800-0.970 for the period, compared to the consensus earnings per share estimate of 0.880. The company issued revenue guidance of $710.0 million-$760.0 million, compared to the consensus revenue estimate of $736.5 million.
Analyst Upgrades and Downgrades
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A number of brokerages recently weighed in on TER. Robert W. Baird upped their target price on shares of Teradyne from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Stifel Nicolaus upped their target price on shares of Teradyne from $100.00 to $150.00 and gave the stock a "hold" rating in a research note on Tuesday, July 16th. KeyCorp increased their price objective on shares of Teradyne from $160.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, July 12th. Citigroup reduced their price objective on shares of Teradyne from $185.00 to $162.00 and set a "buy" rating for the company in a research note on Friday, July 26th. Finally, Craig Hallum downgraded shares of Teradyne from a "buy" rating to a "hold" rating and set a $124.00 price objective for the company. in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Teradyne has a consensus rating of "Hold" and a consensus target price of $142.57.
Get Our Latest Analysis on Teradyne
Teradyne Price Performance
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Teradyne stock traded down $0.93 during trading hours on Wednesday, hitting $124.43. The company had a trading volume of 2,816,974 shares, compared to its average volume of 1,988,827. The firm has a market cap of $19.43 billion, a PE ratio of 47.27, a PEG ratio of 2.58 and a beta of 1.49. Teradyne has a one year low of $81.07 and a one year high of $163.21. The firm has a 50-day moving average of $130.28 and a 200 day moving average of $131.90.
Teradyne (NASDAQ:TER - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $729.88 million for the quarter, compared to analysts' expectations of $701.20 million. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The business's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, research analysts expect that Teradyne will post 3.02 earnings per share for the current year.
Teradyne Announces Dividend
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The firm 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. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.39%. Teradyne's dividend payout ratio is presently 18.25%.
Insider Transactions at Teradyne
In other news, Director Mercedes Johnson sold 625 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $128.77, for a total transaction of $80,481.25. Following the transaction, the director now directly owns 17,143 shares of the company's stock, valued at approximately $2,207,504.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total transaction of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mercedes Johnson sold 625 shares of the stock in a transaction that occurred 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 sale, the director now owns 17,143 shares in the company, valued at $2,207,504.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,977 shares of company stock valued at $1,979,834. 0.36% of the stock is currently owned by company insiders.
About Teradyne
(Get Free Report)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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