Teradyne, Inc. (NASDAQ:TER) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Teradyne, Inc. (NASDAQ:TER) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $147.25.

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. raised Teradyne from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $145.00 to $158.00 in a report on Monday, December 16th. Craig Hallum dropped 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. Evercore ISI raised their target price on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus cut their price target on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th.

Teradyne Price Performance

TER opened at $125.95 on Friday. The company has a market capitalization of $20.51 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51. The business has a fifty day simple moving average of $114.82 and a 200 day simple moving average of $129.20. Teradyne has a 1 year low of $92.29 and a 1 year high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly 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 net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same period in the prior year, the company posted $0.80 earnings per share. Teradyne’s revenue was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Teradyne will post 3.17 earnings per share for the current fiscal year.

Teradyne declared that its board has approved a stock repurchase plan on Monday, November 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Teradyne Dividend Announcement

The company also recently disclosed 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 dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is 15.24%.

Insider Activity

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $409,024.00. Following the sale, the chief executive officer now owns 80,736 shares of the company’s stock, valued at $10,721,740.80. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total value of $83,000.00. Following the transaction, the director now directly owns 15,893 shares of the company’s stock, valued at approximately $2,110,590.40. This represents a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,494 shares of company stock valued at $596,803. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Teradyne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TER. Ashton Thomas Private Wealth LLC acquired a new stake in Teradyne during the 2nd quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Teradyne during the 3rd quarter valued at about $29,000. Rothschild Investment LLC acquired a new stake in Teradyne during the second quarter worth approximately $33,000. Quarry LP lifted its stake in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after buying an additional 169 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in Teradyne by 76.1% in the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

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.