Teradyne, Inc. (NASDAQ:TER) Receives $150.33 Average PT from Brokerages

Teradyne, Inc. (NASDAQ:TER) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $150.33.

TER has been the topic of a number of analyst reports. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Robert W. Baird lowered their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Northland Securities raised 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, January 6th. Craig Hallum decreased their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of Teradyne stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares of the company’s stock, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Hedge funds have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Teradyne in the second quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in shares of Teradyne in the third quarter worth $29,000. Quarry LP lifted its holdings in shares of Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares in the last quarter. Coastline Trust Co purchased a new position in shares of Teradyne in the third quarter worth $46,000. Finally, Brooklyn Investment Group bought a new stake in Teradyne in the third quarter worth $52,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 0.7 %

Shares of NASDAQ TER opened at $134.18 on Wednesday. Teradyne has a twelve month low of $92.29 and a twelve month high of $163.21. The stock’s 50 day moving average price is $119.67 and its 200-day moving average price is $127.22. The company has a market capitalization of $21.85 billion, a PE ratio of 42.60, a PEG ratio of 2.66 and a beta of 1.46.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data 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 the consensus estimate of $716.40 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. Teradyne’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts expect that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne declared that its Board of Directors has authorized a stock 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 reacquire 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.

Teradyne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is 15.24%.

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.