Teradyne (TER) to Release Quarterly Earnings on Wednesday

Teradyne (NASDAQ:TER) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Teradyne has set its Q1 2024 guidance at 0.220-0.380 EPS and its Q1 guidance at $0.22-0.38 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $670.60 million during the quarter, compared to the consensus estimate of $674.99 million. Teradyne had a net margin of 16.77% and a return on equity of 19.45%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. On average, analysts expect Teradyne to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Teradyne Stock Performance

TER opened at $104.93 on Wednesday. The business’s 50-day simple moving average is $105.36 and its 200 day simple moving average is $100.39. Teradyne has a 52-week low of $81.07 and a 52-week high of $119.20. The firm has a market capitalization of $16.05 billion, a PE ratio of 38.44 and a beta of 1.56.

Teradyne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, February 15th. This is a boost from Teradyne’s previous quarterly dividend of $0.11. Teradyne’s dividend payout ratio is 17.58%.

Insider Activity at Teradyne

In other news, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.95, for a total value of $120,158.85. Following the completion of the sale, the chief financial officer now owns 45,107 shares in the company, valued at approximately $5,004,621.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Ernest E. Maddock bought 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the purchase, the director now directly owns 4,728 shares in the company, valued at approximately $444,762.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 1,083 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.95, for a total transaction of $120,158.85. Following the sale, the chief financial officer now directly owns 45,107 shares in the company, valued at $5,004,621.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,797 shares of company stock valued at $1,248,237. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Teradyne by 145.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 876,528 shares of the company’s stock worth $95,121,000 after purchasing an additional 518,776 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Teradyne by 0.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 73,163 shares of the company’s stock valued at $7,940,000 after purchasing an additional 185 shares during the last quarter. Systematic Portfolios LLC purchased a new position in Teradyne in the 4th quarter worth approximately $245,000. Legal & General Group Plc increased its holdings in shares of Teradyne by 13.5% in the 4th quarter. Legal & General Group Plc now owns 1,674,660 shares of the company’s stock worth $181,703,000 after buying an additional 199,774 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Teradyne by 10.2% during the 4th quarter. Barclays PLC now owns 2,450,232 shares of the company’s stock valued at $265,899,000 after buying an additional 227,116 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Teradyne in a report on Monday, March 4th. Finally, Evercore ISI assumed coverage on Teradyne in a report on Tuesday. They issued an “outperform” rating and a $130.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.73.

About Teradyne

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.