Teradyne (NASDAQ:TER) Upgraded by Northland Securities to Outperform Rating

Northland Securities upgraded shares of Teradyne (NASDAQ:TER) from a market perform rating to an outperform rating in a report published on Monday, Marketbeat Ratings reports. The brokerage currently has $154.00 price objective on the stock, up from their prior price objective of $117.00.

TER has been the subject of a number of other research reports. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Craig Hallum lowered their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird cut their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.33.

Teradyne Stock Up 7.2 %

NASDAQ TER opened at $140.00 on Monday. Teradyne has a 52 week low of $92.29 and a 52 week high of $163.21. The business has a 50 day moving average price of $116.28 and a 200-day moving average price of $127.71. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 2.66 and a beta of 1.46.

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

Teradyne declared that its board has approved a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, November 25th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.34%. Teradyne’s payout ratio is currently 15.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TER. Alkeon Capital Management LLC boosted its holdings in Teradyne by 189.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 1,144,017 shares of the company’s stock worth $153,218,000 after buying an additional 749,003 shares during the period. Holocene Advisors LP bought a new position in shares of Teradyne in the third quarter worth $91,129,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Teradyne by 18.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after purchasing an additional 374,522 shares in the last quarter. State Street Corp raised its stake in shares of Teradyne by 5.4% during the 3rd quarter. State Street Corp now owns 6,880,148 shares of the company’s stock valued at $921,458,000 after purchasing an additional 350,002 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in Teradyne by 70.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 742,207 shares of the company’s stock worth $99,404,000 after purchasing an additional 307,724 shares in the last quarter. Hedge funds and other institutional investors own 99.77% 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.