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

Teradyne, Inc. (NASDAQ:TER) – Northland Capmk reduced their Q3 2024 earnings per share estimates for Teradyne in a research note issued on Friday, April 26th. Northland Capmk analyst G. Richard now expects that the company will post earnings per share of $0.91 for the quarter, down from their prior forecast 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.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group raised their price objective on Teradyne from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their price objective on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price target on shares of Teradyne in a report on Thursday, April 25th. Susquehanna raised their price target on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. Finally, Robert W. Baird raised their price target on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $117.83.

Teradyne Trading Down 1.7 %

Shares of Teradyne stock opened at $116.32 on Monday. The firm has a market capitalization of $17.79 billion, a P/E ratio of 44.23 and a beta of 1.56. The business has a fifty day simple moving average of $106.26 and a two-hundred day simple moving average of $100.83. Teradyne has a 12 month low of $81.07 and a 12 month high of $119.20.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share.

Insider Buying and Selling

In other news, Director Ernest E. Maddock purchased 1,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average cost of $94.07 per share, for a total transaction of $94,070.00. Following 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 filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

A number of large investors have recently made changes to their positions in TER. Mutual of America Capital Management LLC lifted its position in shares of Teradyne by 6.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 41,973 shares of the company’s stock valued at $4,555,000 after buying an additional 2,590 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Teradyne by 8,125.5% during the 4th quarter. International Assets Investment Management LLC now owns 133,088 shares of the company’s stock valued at $14,443,000 after buying an additional 131,470 shares in the last quarter. Raymond James & Associates lifted its position in shares of Teradyne by 3.8% during the 4th quarter. Raymond James & Associates now owns 448,581 shares of the company’s stock valued at $48,680,000 after buying an additional 16,595 shares in the last quarter. Value Aligned Research Advisors LLC purchased a new position in shares of Teradyne during the 4th quarter valued at about $2,981,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Teradyne during the 4th quarter valued at about $998,000. 99.77% of the stock is currently owned by institutional investors.

Teradyne Company Profile

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.