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

Shares of Teradyne, Inc. (NASDAQ:TER) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $143.77.

A number of research firms have issued reports on TER. UBS Group cut their price target on Teradyne from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Susquehanna boosted their target price on shares of Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Northland Securities decreased their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $121.00 to $117.00 in a research note on Tuesday, January 21st. Finally, Northland Capmk upgraded Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th.

Insider Activity

In other Teradyne news, CFO Sanjay Mehta sold 1,789 shares of Teradyne stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the transaction, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at $4,013,947.08. This trade represents a 5.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was 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 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock worth $1,013,134 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its position in shares of Teradyne by 4.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the company’s stock valued at $1,232,000 after purchasing an additional 400 shares during the last quarter. Forsta AP Fonden boosted its stake in Teradyne by 20.4% during the third quarter. Forsta AP Fonden now owns 33,600 shares of the company’s stock worth $4,500,000 after buying an additional 5,700 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Teradyne by 1.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,255 shares of the company’s stock valued at $1,373,000 after acquiring an additional 133 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Teradyne by 13.4% in the third quarter. Nisa Investment Advisors LLC now owns 20,950 shares of the company’s stock valued at $2,806,000 after acquiring an additional 2,480 shares during the period. Finally, abrdn plc lifted its holdings in shares of Teradyne by 0.6% in the 3rd quarter. abrdn plc now owns 60,483 shares of the company’s stock worth $8,009,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 3.1 %

Shares of TER stock opened at $114.81 on Thursday. Teradyne has a 12-month low of $95.80 and a 12-month high of $163.21. The stock has a market capitalization of $18.57 billion, a P/E ratio of 34.48, a P/E/G ratio of 2.83 and a beta of 1.45. The firm’s 50 day moving average is $124.16 and its 200 day moving average is $122.86.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. As a group, equities analysts predict that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 annualized dividend and a yield of 0.42%. Teradyne’s payout ratio is 14.41%.

Teradyne announced that its Board of Directors has approved a stock repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.