Teradyne (NASDAQ:TER – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.640-0.840 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of $665.0 million-$725.0 million, compared to the consensus revenue estimate of $636.6 million. Teradyne also updated its Q2 guidance to $0.64-0.84 EPS.
Teradyne Stock Performance
Shares of TER traded up $8.30 during mid-day trading on Thursday, hitting $109.00. The company’s stock had a trading volume of 6,406,649 shares, compared to its average volume of 1,861,752. Teradyne has a one year low of $81.07 and a one year high of $119.20. The firm has a market capitalization of $16.67 billion, a PE ratio of 39.47 and a beta of 1.56. The stock’s 50-day moving average is $105.25 and its two-hundred day moving average is $100.37.
Teradyne (NASDAQ:TER – Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 19.45% and a net margin of 16.77%. The firm had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. During the same period in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts expect that Teradyne will post 2.82 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Analysis on Teradyne
Insider Buying and Selling at Teradyne
In other Teradyne news, CFO Sanjay Mehta sold 8,653 shares of Teradyne stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $105.10, for a total transaction of $909,430.30. Following the sale, the chief financial officer now directly owns 31,180 shares of the company’s stock, valued at approximately $3,277,018. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Teradyne news, Director Ernest E. Maddock purchased 1,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $94.07 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 8,653 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $105.10, for a total value of $909,430.30. Following the sale, the chief financial officer now directly owns 31,180 shares in the company, valued at $3,277,018. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Teradyne
- How to Calculate Options Profits
- Hasbro’s Management Made All the Right Calls This Quarter
- How to Invest in Blue Chip Stocks
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter.