Teradyne, Inc. (NASDAQ:TER) to Post Q2 2022 Earnings of $1.13 Per Share, KeyCorp Forecasts

Teradyne, Inc. (NASDAQ:TER – Get Rating) – Equities researchers at KeyCorp issued their Q2 2022 earnings estimates for Teradyne in a research report issued on Wednesday, April 27th. KeyCorp analyst S. Barger expects that the company will earn $1.13 per share for the quarter. KeyCorp has a “Overweight” rating and a $180.00 price target on the stock. KeyCorp also issued estimates for Teradyne’s Q3 2022 earnings at $1.32 EPS and Q4 2022 earnings at $1.47 EPS.

Teradyne (NASDAQ:TER – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.10. The firm had revenue of $755.30 million for the quarter, compared to analysts’ expectations of $741.98 million. Teradyne had a net margin of 26.58% and a return on equity of 40.67%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share.

Several other analysts have also recently commented on TER. Bank of America increased their price target on shares of Teradyne from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, January 10th. Craig Hallum raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research note on Friday, January 28th. Stifel Nicolaus lowered shares of Teradyne from a “buy” rating to a “hold” rating and cut their price objective for the company from $160.00 to $115.00 in a report on Friday, January 28th. Morgan Stanley lowered shares of Teradyne from an “overweight” rating to an “equal weight” rating and set a $132.00 price objective on the stock. in a report on Thursday, March 3rd. Finally, Cowen cut their price objective on shares of Teradyne from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $149.61.

Shares of Teradyne stock opened at $105.46 on Monday. Teradyne has a 1-year low of $102.51 and a 1-year high of $168.91. The company has a current ratio of 3.33, a quick ratio of 2.90 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $113.73 and its two-hundred day moving average price is $132.34. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.09 and a beta of 1.50.

In related 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 transaction of $50,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TER. Norges Bank bought a new position in Teradyne in the fourth quarter valued at $264,189,000. Maj Invest Holding A S grew its position in shares of Teradyne by 63,820.2% in the 1st quarter. Maj Invest Holding A S now owns 824,571 shares of the company’s stock valued at $97,488,000 after acquiring an additional 823,281 shares during the period. Ardevora Asset Management LLP bought a new position in shares of Teradyne in the 4th quarter valued at about $83,248,000. Renaissance Technologies LLC bought a new position in shares of Teradyne in the 3rd quarter valued at about $51,004,000. Finally, Victory Capital Management Inc. grew its position in shares of Teradyne by 385.7% in the 4th quarter. Victory Capital Management Inc. now owns 520,940 shares of the company’s stock valued at $85,190,000 after acquiring an additional 413,694 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

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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