Teradyne (NASDAQ:TER – Get Rating) will announce its earnings results after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Teradyne has set its Q1 guidance at $0.76-0.98 EPS.Investors interested in registering for the company’s conference call can do so using this link.
Teradyne (NASDAQ:TER – Get Rating) last posted its quarterly earnings results on Wednesday, January 26th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The company had revenue of $885.05 million for the quarter, compared to the consensus estimate of $868.59 million. Teradyne had a return on equity of 42.38% and a net margin of 27.57%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. On average, analysts expect Teradyne to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Teradyne stock opened at $108.14 on Tuesday. The company has a quick ratio of 2.90, a current ratio of 3.20 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $17.47 billion, a P/E ratio of 19.48, a PEG ratio of 1.97 and a beta of 1.50. The stock’s 50 day moving average is $114.88 and its 200 day moving average is $132.29. Teradyne has a twelve month low of $102.51 and a twelve month high of $168.91.
In other news, insider Brad Robbins sold 3,145 shares of the firm’s stock in a transaction dated Thursday, January 27th. The stock was sold at an average price of $106.92, for a total transaction of $336,263.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 420 shares of the firm’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $120.00, for a total value of $50,400.00. The disclosure for this sale can be found here. Insiders sold a total of 24,775 shares of company stock valued at $2,901,506 in the last quarter. 0.36% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Zullo Investment Group Inc. bought a new stake in Teradyne in the fourth quarter worth about $35,000. Neo Ivy Capital Management bought a new stake in Teradyne in the fourth quarter worth about $49,000. Belpointe Asset Management LLC bought a new stake in Teradyne in the fourth quarter worth about $169,000. EverSource Wealth Advisors LLC bought a new stake in shares of Teradyne during the fourth quarter valued at approximately $509,000. Finally, JustInvest LLC raised its stake in shares of Teradyne by 65.4% during the fourth quarter. JustInvest LLC now owns 3,114 shares of the company’s stock valued at $509,000 after acquiring an additional 1,231 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on TER. Piper Sandler cut their target price on Teradyne from $173.00 to $163.00 and set an “overweight” rating on the stock in a research note on Friday, January 28th. KeyCorp began coverage on Teradyne in a research note on Tuesday, January 25th. They set an “overweight” rating and a $180.00 target price on the stock. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a research note on Friday, January 28th. The Goldman Sachs Group downgraded Teradyne from a “buy” rating to a “neutral” rating and set a $127.00 target price on the stock. in a research note on Sunday, March 27th. Finally, Morgan Stanley downgraded Teradyne from an “overweight” rating to an “equal weight” rating and set a $132.00 target price on the stock. in a research note on Thursday, March 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Teradyne presently has an average rating of “Buy” and a consensus target price of $149.63.
Teradyne Company Profile (Get Rating)
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.
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