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

Teradyne, Inc. (NASDAQ:TER) – Research analysts at Northland Capmk lowered their Q3 2024 earnings per share estimates for Teradyne in a research note issued to investors on Friday, April 26th. Northland Capmk analyst G. Richard now expects that the company will post earnings per share of $0.91 for the quarter, down from their previous estimate of $1.11. The consensus estimate for Teradyne’s current full-year earnings is $2.87 per share. Northland Capmk also issued estimates for Teradyne’s Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $3.25 EPS, Q2 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.32 EPS and FY2025 earnings at $5.45 EPS.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter last year, the firm earned $0.55 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis.

Other research analysts have also recently issued research reports about the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Teradyne in a report on Thursday, April 25th. Evercore ISI assumed coverage on Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Susquehanna lifted their target price on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. The Goldman Sachs Group lifted their target price on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their target price on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Teradyne presently has an average rating of “Hold” and an average target price of $117.83.

Teradyne Stock Down 1.7 %

TER stock opened at $116.32 on Monday. Teradyne has a 52-week low of $81.07 and a 52-week high of $119.20. The stock’s fifty day simple moving average is $106.26 and its 200-day simple moving average is $100.83. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 44.23 and a beta of 1.56.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Teradyne by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 18,285,900 shares of the company’s stock worth $1,984,386,000 after acquiring an additional 89,511 shares during the last quarter. FMR LLC increased its holdings in Teradyne by 3.9% in the third quarter. FMR LLC now owns 11,533,715 shares of the company’s stock valued at $1,158,677,000 after buying an additional 437,054 shares during the last quarter. Van ECK Associates Corp increased its holdings in Teradyne by 10.4% in the first quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock valued at $543,278,000 after buying an additional 453,926 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Teradyne by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,432,153 shares of the company’s stock valued at $445,254,000 after buying an additional 106,848 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Teradyne by 4.6% in the third quarter. Nordea Investment Management AB now owns 3,177,256 shares of the company’s stock valued at $321,062,000 after buying an additional 140,579 shares during the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Teradyne news, Director Ernest E. Maddock bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, with a total value of $94,070.00. Following the completion of the transaction, the director now owns 4,728 shares in the company, valued at $444,762.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.