Brokerages predict that Teradyne, Inc. (NYSE:TER) will announce sales of $472.54 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Teradyne’s earnings, with estimates ranging from $469.90 million to $475.80 million. Teradyne posted sales of $410.48 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15.1%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, October 25th.
According to Zacks, analysts expect that Teradyne will report full-year sales of $472.54 million for the current financial year, with estimates ranging from $1.98 billion to $2.02 billion. For the next year, analysts anticipate that the business will post sales of $2.11 billion per share, with estimates ranging from $2.00 billion to $2.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Teradyne.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $697.00 million for the quarter, compared to analyst estimates of $683.66 million. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS.
A number of research firms have commented on TER. Citigroup Inc. reiterated a “buy” rating and set a $43.00 target price on shares of Teradyne in a research report on Tuesday, September 19th. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, September 19th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $41.00 target price (up from $32.00) on shares of Teradyne in a research report on Monday, September 18th. KeyCorp reiterated an “outperform” rating and set a $40.00 target price on shares of Teradyne in a research report on Saturday, September 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Teradyne in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $36.83.
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Teradyne (NYSE TER) opened at 39.11 on Friday. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 20.18 and a beta of 0.98. The firm has a 50-day moving average price of $37.05 and a 200-day moving average price of $34.61. Teradyne has a one year low of $21.63 and a one year high of $39.47.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were paid a $0.07 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.28 annualized dividend and a yield of 0.72%. Teradyne’s payout ratio is currently 14.51%.
In related news, Director Michael A. Bradley sold 17,390 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $36.30, for a total value of $631,257.00. Following the completion of the transaction, the director now directly owns 154,132 shares in the company, valued at $5,594,991.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark E. Jagiela sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total value of $1,035,000.00. Following the completion of the transaction, the insider now owns 248,413 shares of the company’s stock, valued at $8,570,248.50. The disclosure for this sale can be found here. Insiders sold 141,698 shares of company stock valued at $5,012,857 over the last quarter. Insiders own 0.62% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TER. First Trust Advisors LP increased its stake in Teradyne by 19.0% in the first quarter. First Trust Advisors LP now owns 36,143 shares of the semiconductor company’s stock valued at $1,124,000 after purchasing an additional 5,766 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Teradyne by 9.3% in the first quarter. OppenheimerFunds Inc. now owns 14,182 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 1,210 shares during the last quarter. Wellington Management Group LLP increased its stake in Teradyne by 18.1% in the first quarter. Wellington Management Group LLP now owns 287,202 shares of the semiconductor company’s stock valued at $8,932,000 after purchasing an additional 44,032 shares during the last quarter. Teachers Advisors LLC increased its stake in Teradyne by 36.4% in the first quarter. Teachers Advisors LLC now owns 380,846 shares of the semiconductor company’s stock valued at $11,844,000 after purchasing an additional 101,600 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Teradyne by 6.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,207 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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