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Sanjay Mehta, Vice President and Chief Financial Officer of Teradyne, Inc. (NASDAQ:TER), recently sold 1,789 shares of the company’s common stock. The shares were sold at an average price of $120.51, amounting to a total transaction value of $215,592. This sale was conducted under a pre-established trading plan compliant with Rule 10b5-1, which Mehta adopted in May 2024. The transaction comes as Teradyne, with a market capitalization of $19.8 billion, trades near its 52-week high of $163.21. According to InvestingPro analysis, the company currently trades above its Fair Value, with strong financial health indicators.
Additionally, on January 27, 2025, 821 shares were withheld by Teradyne to cover Mehta’s tax obligations related to the vesting of restricted stock units. These shares were valued at $120.27 each, totaling $98,741. Following these transactions, Mehta holds 33,308 shares of Teradyne stock. The company maintains a healthy current ratio of 3.09 and is scheduled to report its next earnings on January 29, 2025. For deeper insights into Teradyne’s valuation and 12 additional ProTips, visit InvestingPro.
In other recent news, Teradyne, the automated test equipment provider, has seen a range of opinions from analysts. Cantor Fitzgerald maintained an Overweight rating on Teradyne with a steady price target of $160.00, anticipating a dynamic earnings call with several forecasts to be presented. Analysts predict a slight beat in the upcoming announcement, with calendar year 2025 revenue and earnings per share (EPS) estimates tracking close to $3.3 billion and $4.25, respectively.
On the other hand, Morgan Stanley (NYSE:MS) downgraded Teradyne’s stock to Underweight, citing its diminishing market share and competition from Advantest. While Northland Securities and JPMorgan both upgraded Teradyne’s stock outlook, expressing confidence in the company’s growth potential, Craig-Hallum reduced its price target due to mixed performance across its business segments.
In board changes, Ford (NYSE:F) Tamer, a member of Teradyne’s Board of Directors, announced his decision to not stand for re-election at the upcoming annual shareholders meeting due to his recent appointment as CEO of Lattice (OTC:LTTC) Semiconductor Corporation.
Teradyne’s third-quarter results surpassed its sales guidance with revenues of $737 million and non-GAAP earnings per share at $0.90. The company’s revenue growth is anticipated to accelerate, with revenues predicted to reach approximately $4.4 billion in 2026. These are recent developments that investors should keep an eye on.
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