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

Teradyne, Inc. (NASDAQ:TER) has been assigned an average recommendation of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $166.00.

TER has been the subject of a number of research analyst reports. Loop Capital assumed coverage on Teradyne in a research note on Thursday. They issued a “buy” rating and a $202.00 price target for the company. Cowen upgraded Teradyne from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $135.00 to $150.00 in a report on Thursday, October 28th. Piper Sandler increased their price objective on Teradyne from $172.00 to $173.00 and gave the stock an “overweight” rating in a report on Wednesday, December 15th. Zacks Investment Research downgraded Teradyne from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a report on Friday, October 29th. Finally, Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, October 28th.

Shares of TER stock opened at $164.57 on Friday. The stock has a fifty day moving average of $156.10 and a 200 day moving average of $133.54. Teradyne has a 52 week low of $104.05 and a 52 week high of $168.91. The firm has a market capitalization of $26.83 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 1.72 and a beta of 1.38. The company has a quick ratio of 3.05, a current ratio of 3.35 and a debt-to-equity ratio of 0.04.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Tuesday, October 26th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.16. Teradyne had a return on equity of 42.06% and a net margin of 27.59%. The company had revenue of $950.50 million during the quarter, compared to analyst estimates of $932.86 million. During the same quarter last year, the firm posted $1.18 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Teradyne will post 5.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Investors of record on Wednesday, November 24th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. Teradyne’s dividend payout ratio (DPR) is presently 7.53%.

In other Teradyne news, Director Timothy E. Guertin sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $140.00, for a total value of $630,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark E. Jagiela sold 29,878 shares of the firm’s stock in a transaction dated Thursday, October 28th. The stock was sold at an average price of $136.15, for a total value of $4,067,889.70. The disclosure for this sale can be found here. Insiders have sold 40,465 shares of company stock worth $5,658,186 over the last ninety days. 0.36% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Manchester Capital Management LLC boosted its position in Teradyne by 93.0% in the second quarter. Manchester Capital Management LLC now owns 193 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares during the last quarter. Liberty Wealth Management LLC boosted its position in Teradyne by 571.1% in the third quarter. Liberty Wealth Management LLC now owns 255 shares of the company’s stock worth $33,000 after purchasing an additional 217 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in Teradyne in the third quarter worth about $56,000. Berman Capital Advisors LLC boosted its position in Teradyne by 84.0% in the second quarter. Berman Capital Advisors LLC now owns 565 shares of the company’s stock worth $75,000 after purchasing an additional 258 shares during the last quarter. Finally, PFG Private Wealth Management LLC purchased a new position in Teradyne in the third quarter worth about $68,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Teradyne Company Profile

Teradyne, Inc engages in the development and sale of self automatic test systems. It operates through the following segments: Semiconductor Test, Industrial Automation, System Test, and Wireless Test. The Semiconductor Test segment designs, manufactures, and markets semiconductor test products and services.

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Analyst Recommendations for Teradyne (NASDAQ:TER)

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