Teradyne, Inc. (NASDAQ:TER) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Teradyne, Inc. (NASDAQ:TER) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $142.62.

TER has been the subject of a number of recent analyst reports. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Cantor Fitzgerald raised shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, August 16th. Northland Securities dropped their price objective on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Craig Hallum decreased their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird dropped their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th.

Teradyne Stock Up 1.9 %

TER stock opened at $123.22 on Friday. The business has a fifty day moving average of $115.18 and a 200-day moving average of $129.74. The company has a market cap of $20.07 billion, a P/E ratio of 39.12, a PEG ratio of 2.60 and a beta of 1.51. Teradyne has a twelve month low of $92.29 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. As a group, equities research analysts anticipate that Teradyne will post 3.17 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Monday, November 25th. Teradyne’s dividend payout ratio is presently 15.24%.

Teradyne announced that its board has initiated a stock repurchase program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 0.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Teradyne

In other news, insider Richard John Burns sold 789 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the sale, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $409,024.00. Following the transaction, the chief executive officer now owns 80,736 shares of the company’s stock, valued at $10,721,740.80. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,494 shares of company stock worth $596,803 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

A number of hedge funds have recently made changes to their positions in TER. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Teradyne during the 3rd quarter worth about $2,221,000. MBB Public Markets I LLC acquired a new stake in Teradyne during the second quarter worth approximately $1,619,000. Cerity Partners LLC boosted its holdings in shares of Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after acquiring an additional 5,294 shares during the period. Raymond James & Associates grew its position in shares of Teradyne by 1.7% in the second quarter. Raymond James & Associates now owns 487,682 shares of the company’s stock valued at $72,318,000 after purchasing an additional 8,328 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Teradyne by 206.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,934 shares of the company’s stock worth $1,325,000 after purchasing an additional 6,022 shares during the period. 99.77% of the stock is owned by institutional investors and hedge funds.

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.