Teradyne, Inc. (NASDAQ:TER) Given Consensus Rating of “Hold” by Analysts

Shares of Teradyne, Inc. (NASDAQ:TER) have received a consensus rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $141.50.

A number of equities analysts have weighed in on the company. Evercore ISI downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Susquehanna boosted their target price on shares of Teradyne from $130.00 to $145.00 and gave the company a “positive” rating in a research report on Friday, July 26th. UBS Group raised their price target on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Northland Capmk cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Stifel Nicolaus increased their target price on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 16th.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares in the company, valued at approximately $10,896,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Teradyne news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $133.06, for a total value of $818,718.18. Following the sale, the chief financial officer now owns 35,834 shares of the company’s stock, valued at $4,768,072.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at $10,896,080. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,483 shares of company stock worth $1,383,031. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of hedge funds and other institutional investors have recently bought and sold shares of TER. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Teradyne by 4,695.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock worth $43,041,000 after buying an additional 284,197 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Teradyne during the 2nd quarter valued at $4,423,000. EP Wealth Advisors LLC increased its holdings in shares of Teradyne by 51.0% in the second quarter. EP Wealth Advisors LLC now owns 3,027 shares of the company’s stock worth $449,000 after purchasing an additional 1,022 shares during the period. Quarry LP raised its position in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares in the last quarter. Finally, Creative Planning boosted its stake in Teradyne by 17.0% during the second quarter. Creative Planning now owns 16,848 shares of the company’s stock valued at $2,498,000 after buying an additional 2,451 shares during the period. Institutional investors own 99.77% of the company’s stock.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $134.64 on Monday. The stock’s 50-day simple moving average is $129.61 and its 200-day simple moving average is $129.40. Teradyne has a fifty-two week low of $81.07 and a fifty-two week high of $163.21. The firm has a market capitalization of $21.02 billion, a PE ratio of 51.19, a price-to-earnings-growth ratio of 2.68 and a beta of 1.49.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $729.88 million for the quarter, compared to analysts’ expectations of $701.20 million. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts forecast that Teradyne will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a yield of 0.36%. Teradyne’s payout ratio is 18.25%.

Teradyne Company Profile

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.