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

Shares of Teradyne, Inc. (NASDAQ:TER) have been given an average rating of “Moderate Buy” by the twelve analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $125.85.

TER has been the subject of a number of research analyst reports. KeyCorp raised their price objective on Teradyne from $140.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. The Goldman Sachs Group lifted their price objective on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Susquehanna increased their target price on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on shares of Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Teradyne in a research report on Thursday, April 25th.

Teradyne Trading Down 0.5 %

NASDAQ:TER opened at $146.87 on Friday. The stock has a 50-day moving average price of $132.08 and a 200 day moving average price of $114.44. Teradyne has a 12-month low of $81.07 and a 12-month high of $152.23. The stock has a market capitalization of $22.93 billion, a P/E ratio of 55.84, a P/E/G ratio of 2.78 and a beta of 1.51.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.18. The firm had revenue of $599.82 million for the quarter, compared to analysts’ expectations of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. On average, research analysts predict that Teradyne will post 3.04 earnings per share for the current fiscal year.

Teradyne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.33%. Teradyne’s payout ratio is 18.25%.

Insiders Place Their Bets

In related news, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the completion of the sale, the director now directly owns 17,142 shares of the company’s stock, valued at approximately $2,077,610.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Teradyne news, CFO Sanjay Mehta sold 3,750 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the transaction, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The disclosure for this sale can be found here. Insiders sold a total of 10,005 shares of company stock valued at $1,304,763 over the last 90 days. Insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

A number of large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in Teradyne in the fourth quarter worth about $188,873,000. Van ECK Associates Corp lifted its position in shares of Teradyne by 26.9% in the 4th quarter. Van ECK Associates Corp now owns 4,361,091 shares of the company’s stock worth $473,265,000 after purchasing an additional 923,612 shares during the period. Boston Partners boosted its stake in shares of Teradyne by 23.2% during the fourth quarter. Boston Partners now owns 2,896,349 shares of the company’s stock valued at $314,324,000 after purchasing an additional 544,482 shares in the last quarter. KBC Group NV increased its holdings in Teradyne by 1,544.3% during the fourth quarter. KBC Group NV now owns 473,221 shares of the company’s stock valued at $51,354,000 after buying an additional 444,442 shares during the period. Finally, Ossiam raised its stake in Teradyne by 13,540.0% in the first quarter. Ossiam now owns 419,977 shares of the company’s stock worth $47,386,000 after buying an additional 416,898 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

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.