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

Teradyne, Inc. (NASDAQ:TER) – Northland Capmk reduced their Q3 2024 earnings per share (EPS) estimates for Teradyne in a research note issued on Friday, April 26th. Northland Capmk analyst G. Richard now forecasts that the company will post earnings of $0.91 per share for the quarter, down from their prior 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 results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was down 2.9% on a year-over-year basis.

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

Teradyne Trading Up 4.8 %

Shares of TER stock opened at $114.13 on Monday. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20. The company has a market cap of $17.46 billion, a P/E ratio of 43.40 and a beta of 1.56. The firm has a fifty day moving average price of $105.62 and a 200 day moving average price of $100.55.

Insider Buying and Selling at Teradyne

In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of Teradyne stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following the transaction, the director now owns 4,728 shares in the company, valued at approximately $444,762.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Richard John Burns sold 1,744 shares of Teradyne stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $104.89, for a total transaction of $182,928.16. Following the transaction, the insider now directly owns 16,734 shares of the company’s stock, valued at $1,755,229.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ernest E. Maddock bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was bought at an average price of $94.07 per share, for a total transaction of $94,070.00. Following the completion of the acquisition, the director now directly owns 4,728 shares in the company, valued at $444,762.96. The disclosure for this purchase can be found here. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Mitchell & Pahl Private Wealth LLC lifted its holdings in Teradyne by 3.2% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 7,165 shares of the company’s stock worth $808,000 after purchasing an additional 219 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Teradyne in the first quarter worth $962,000. Bfsg LLC bought a new stake in shares of Teradyne during the 1st quarter worth $34,000. United Asset Strategies Inc. boosted its holdings in shares of Teradyne by 0.6% during the 1st quarter. United Asset Strategies Inc. now owns 127,935 shares of the company’s stock worth $14,435,000 after buying an additional 761 shares during the period. Finally, Fifth Third Bancorp grew its stake in Teradyne by 4.4% in the 1st quarter. Fifth Third Bancorp now owns 11,035 shares of the company’s stock valued at $1,245,000 after buying an additional 461 shares during the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

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.