Teradyne (NASDAQ:TER) Rating Increased to Strong-Buy at Northland Capmk

Northland Capmk upgraded shares of Teradyne (NASDAQ:TER) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Northland Securities upgraded shares of Teradyne from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $117.00 to $154.00 in a report on Monday. Stifel Nicolaus cut their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Evercore ISI increased their price target on Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Craig Hallum lowered their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.33.

Teradyne Trading Up 7.2 %

Shares of TER opened at $140.00 on Monday. The stock’s 50-day moving average price is $116.28 and its two-hundred day moving average price is $127.71. Teradyne has a 12 month low of $92.29 and a 12 month high of $163.21. The company has a market capitalization of $22.80 billion, a PE ratio of 44.44, a PEG ratio of 2.66 and a beta of 1.46.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 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 business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne Announces Dividend

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

Teradyne declared that its board has authorized a share repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Teradyne

A number of hedge funds have recently made changes to their positions in TER. State Street Corp raised its position in Teradyne by 5.4% in the third quarter. State Street Corp now owns 6,880,148 shares of the company’s stock worth $921,458,000 after acquiring an additional 350,002 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Teradyne by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock valued at $682,597,000 after purchasing an additional 57,989 shares during the last quarter. Geode Capital Management LLC increased its position in Teradyne by 5.5% in 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 during the last quarter. Van ECK Associates Corp raised its stake 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 period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after buying an additional 374,522 shares during the last quarter. 99.77% of the stock is currently owned by institutional investors.

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.