Teradyne, Inc. (NASDAQ:TER) Given Average Rating of “Moderate Buy” by Brokerages

Teradyne, Inc. (NASDAQ:TER) has earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $150.33.

A number of equities research analysts have commented on the company. Craig Hallum decreased their price target on Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday. Robert W. Baird decreased their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Northland Securities raised shares of Teradyne from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $117.00 to $154.00 in a report on Monday.

Teradyne Trading Down 0.8 %

Shares of NASDAQ TER opened at $138.82 on Wednesday. Teradyne has a 12-month low of $92.29 and a 12-month high of $163.21. The stock’s fifty day simple moving average is $116.79 and its two-hundred day simple moving average is $127.64. The stock has a market capitalization of $22.61 billion, a PE ratio of 44.07, a price-to-earnings-growth ratio of 2.66 and a beta of 1.46.

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

Teradyne Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.35%. The ex-dividend date was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

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

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Teradyne by 5.4% during the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after purchasing an additional 350,002 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Teradyne by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after buying an additional 57,989 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Teradyne by 5.5% during the third quarter. Geode Capital Management LLC now owns 4,011,131 shares of the company’s stock worth $535,484,000 after buying an additional 209,868 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Teradyne by 6.3% in the third quarter. Van ECK Associates Corp now owns 3,082,064 shares of the company’s stock valued at $383,501,000 after buying an additional 183,721 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake 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 worth $325,814,000 after buying an additional 374,522 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.