Teradyne (NASDAQ:TER) Issues Q4 Earnings Guidance

Teradyne (NASDAQ:TER) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.14-$1.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.16. The company issued revenue guidance of $820-$900 million, compared to the consensus revenue estimate of $836.43 million.Teradyne also updated its FY 2021 guidance to $5.870-$5.870 EPS.

Shares of NASDAQ TER traded down $2.13 during midday trading on Tuesday, hitting $115.15. 1,282,709 shares of the company’s stock were exchanged, compared to its average volume of 1,631,503. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.74 and a quick ratio of 2.51. The stock’s 50 day moving average price is $116.56 and its 200-day moving average price is $123.53. The firm has a market cap of $19.15 billion, a P/E ratio of 22.53, a PEG ratio of 1.56 and a beta of 1.27. Teradyne has a twelve month low of $85.00 and a twelve month high of $147.90.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Tuesday, October 26th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.16. The business had revenue of $950.50 million during the quarter, compared to the consensus estimate of $932.86 million. Teradyne had a return on equity of 41.35% and a net margin of 27.65%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. On average, analysts expect that Teradyne will post 5.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 24th. Stockholders of record on Wednesday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Teradyne’s dividend payout ratio is presently 8.66%.

A number of research firms have weighed in on TER. DA Davidson upgraded Teradyne from a neutral rating to a buy rating and upped their target price for the stock from $135.00 to $140.00 in a research report on Thursday, October 7th. Rosenblatt Securities restated a buy rating and issued a $180.00 target price on shares of Teradyne in a research report on Thursday, August 26th. Susquehanna Bancshares upgraded Teradyne from a neutral rating to a positive rating and upped their target price for the stock from $148.00 to $165.00 in a research report on Thursday, July 29th. Susquehanna upgraded Teradyne from a neutral rating to a positive rating and increased their price objective for the company from $148.00 to $165.00 in a research report on Thursday, July 29th. Finally, Piper Sandler began coverage on Teradyne in a research report on Thursday, October 14th. They set an overweight rating and a $137.00 price objective for the company. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Teradyne has a consensus rating of Buy and an average price target of $154.15.

In related news, insider Richard John Burns sold 261 shares of the stock in a transaction dated Monday, October 4th. The shares were sold at an average price of $108.43, for a total value of $28,300.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marilyn Matz sold 4,157 shares of the stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $120.18, for a total transaction of $499,588.26. Following the completion of the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $1,679,635.68. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Teradyne stock. Morgan Stanley lifted its stake in Teradyne, Inc. (NASDAQ:TER) by 13.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 650,172 shares of the company’s stock after purchasing an additional 77,756 shares during the period. Morgan Stanley owned 0.39% of Teradyne worth $87,095,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

About Teradyne

Teradyne, Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

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Earnings History and Estimates for Teradyne (NASDAQ:TER)

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