Teradyne (NASDAQ:TER) Issues Earnings Results

Teradyne (NASDAQ:TER) released its quarterly earnings data on Tuesday. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.20, Zacks reports. Teradyne had a net margin of 25.77% and a return on equity of 39.93%.

Teradyne Trading Up 4.8%

Shares of NASDAQ TER traded up $14.68 during midday trading on Tuesday, reaching $323.68. 4,058,049 shares of the company were exchanged, compared to its average volume of 3,531,725. The stock has a market cap of $50.60 billion, a P/E ratio of 44.40, a PEG ratio of 0.62 and a beta of 1.75. Teradyne has a 1 year low of $144.11 and a 1 year high of $487.91. The stock has a fifty day simple moving average of $372.26 and a 200 day simple moving average of $346.76.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.2%. Teradyne’s dividend payout ratio (DPR) is currently 7.13%.

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $420.00 target price on shares of Teradyne in a research report on Friday, August 21st. Weiss Ratings raised shares of Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a research note on Wednesday, July 29th. Susquehanna upped their price objective on shares of Teradyne from $415.00 to $550.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Finally, Zacks Research lowered Teradyne from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $396.80.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the completion of the sale, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at $35,662,053.60. This represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 12,000 shares of company stock worth $4,416,440. 0.19% of the stock is owned by corporate insiders.

Teradyne News Summary

Here are the key news stories impacting Teradyne this week:

• Positive Sentiment: Analysts highlight potential upside: Seeking Alpha upgraded Teradyne, citing accelerating automated test equipment (ATE) growth as a catalyst for further gains. Teradyne: Accelerating ATE Growth Supports Further Upside
• Positive Sentiment: Buy recommendations are supporting sentiment: Zacks included Teradyne among its top-ranked stocks, pointing to favorable long-term growth forecasts and a more compelling valuation after the pullback. Equities Bounce: 3 Top Ranked Stocks to Buy Now
• Positive Sentiment: Institutional demand is a tailwind: ETFs were reported to be buying TER shares, suggesting continued portfolio interest following the recent decline. ETFs Are Buying Teradyne on Oct. 23
• Positive Sentiment: UBS maintained a $485 price target, signaling substantial potential upside relative to recent trading levels. UBS maintains USD 485 target for Teradyne stock
• Neutral Sentiment: Investors are awaiting quarterly results: Teradyne scheduled its third-quarter earnings report for October 27. Expectations for revenue, margins and management’s outlook may drive the next major move. Teradyne to report earnings
• Neutral Sentiment: Teradyne’s investment in FormFactor could broaden its semiconductor-test exposure, although the financial impact and strategic benefits are not yet clear. Teradyne invests in FormFactor

About Teradyne

Teradyne, Inc develops and supplies automated test equipment and industrial automation products. Its systems help manufacturers test the functionality, performance, and reliability of semiconductor devices, electronic systems, wireless products, and other complex products throughout the production process.

The company’s product portfolio includes semiconductor test systems, memory and system-level test equipment, and solutions for printed circuit boards and electronic products. Teradyne also provides collaborative robots through Universal Robots and autonomous mobile robots through Mobile Industrial Robots (MiR), supporting applications such as assembly, material handling, machine tending, packaging, and warehouse logistics.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers worldwide, including semiconductor manufacturers, electronics producers, automotive companies, and industrial businesses.