Teradyne (NASDAQ:TER) Posts Earnings Results, Beats Expectations By $0.20 EPS

Teradyne (NASDAQ:TER) posted its quarterly earnings results on Tuesday. The company reported $2.29 EPS for the quarter, topping the consensus estimate 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 Stock Up 4.8%

Shares of NASDAQ:TER traded up $14.68 on Tuesday, reaching $323.68. The company had a trading volume of 4,042,207 shares, compared to its average volume of 3,530,697. Teradyne has a twelve month low of $144.11 and a twelve month high of $487.91. The stock has a 50-day moving average price of $372.26 and a 200 day moving average price of $346.76. The stock has a market capitalization of $50.60 billion, a P/E ratio of 44.40, a P/E/G ratio of 0.62 and a beta of 1.75.

Teradyne Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on TER. Robert W. Baird reaffirmed a “neutral” rating and issued a $420.00 price target on shares of Teradyne in a research note on Friday, August 21st. Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Wall Street Zen raised Teradyne from a “hold” rating to a “buy” rating in a research note on Saturday. Cantor Fitzgerald restated an “overweight” rating and issued a $550.00 price objective on shares of Teradyne in a report on Wednesday, July 29th. Finally, Susquehanna increased their price objective on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Teradyne presently has an average rating of “Moderate Buy” and an average target price of $396.80.

Insider Activity at Teradyne

In other news, CEO Gregory Smith sold 4,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 104,495 shares of the company’s stock, valued at approximately $35,662,053.60. This represents a 3.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 12,000 shares of company stock worth $4,416,440. Corporate insiders own 0.19% of the company’s stock.

More Teradyne News

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.