Teradyne, Inc. to Post FY2022 Earnings of $4.89 Per Share, KeyCorp Forecasts (NASDAQ:TER)

Teradyne, Inc. (NASDAQ:TERGet Rating) – Investment analysts at KeyCorp lowered their FY2022 earnings per share (EPS) estimates for Teradyne in a note issued to investors on Wednesday, April 27th. KeyCorp analyst S. Barger now expects that the company will post earnings of $4.89 per share for the year, down from their previous estimate of $4.98. KeyCorp has a “Overweight” rating and a $180.00 price objective on the stock. KeyCorp also issued estimates for Teradyne’s FY2023 earnings at $6.57 EPS.

A number of other equities research analysts also recently issued reports on TER. Susquehanna Bancshares cut their target price on shares of Teradyne from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Friday, January 28th. Loop Capital began coverage on shares of Teradyne in a research note on Thursday, January 13th. They set a “buy” rating and a $202.00 price target on the stock. Susquehanna dropped their price target on shares of Teradyne from $165.00 to $150.00 in a research note on Friday, January 28th. Deutsche Bank Aktiengesellschaft lowered shares of Teradyne from a “buy” rating to a “hold” rating and dropped their price target for the stock from $170.00 to $120.00 in a research note on Friday, January 28th. Finally, Stifel Nicolaus lowered shares of Teradyne from a “buy” rating to a “hold” rating and dropped their price target for the stock from $160.00 to $115.00 in a research note on Friday, January 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $149.63.

TER stock opened at $111.68 on Friday. Teradyne has a 12-month low of $102.51 and a 12-month high of $168.91. 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 cap of $18.05 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.07 and a beta of 1.50. The company has a 50 day moving average of $113.92 and a two-hundred day moving average of $132.05.

Teradyne (NASDAQ:TERGet Rating) last released its earnings results on Tuesday, April 26th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. Teradyne had a net margin of 27.57% and a return on equity of 42.38%. The company had revenue of $755.30 million during the quarter, compared to the consensus estimate of $741.98 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The company’s revenue was down 3.4% compared to the same quarter last year.

Several large investors have recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC lifted its holdings in shares of Teradyne by 10.0% during the 1st quarter. Capital Asset Advisory Services LLC now owns 13,546 shares of the company’s stock worth $1,602,000 after acquiring an additional 1,236 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Teradyne by 4.6% during the 1st quarter. GHP Investment Advisors Inc. now owns 22,130 shares of the company’s stock valued at $2,616,000 after purchasing an additional 983 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Teradyne during the 1st quarter valued at about $170,000. DekaBank Deutsche Girozentrale lifted its holdings in Teradyne by 8.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 230,784 shares of the company’s stock valued at $28,056,000 after purchasing an additional 17,644 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. lifted its holdings in Teradyne by 11.4% during the 1st quarter. Chevy Chase Trust Holdings Inc. now owns 149,578 shares of the company’s stock valued at $17,685,000 after purchasing an additional 15,308 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

In other Teradyne news, CFO Sanjay Mehta sold 420 shares of the firm’s stock in a transaction on Wednesday, February 2nd. The shares were sold at an average price of $120.00, for a total value of $50,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Charles Jeffrey Gray sold 16,603 shares of the firm’s stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $112.12, for a total transaction of $1,861,528.36. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.

About Teradyne (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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