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

Teradyne, Inc. (NASDAQ:TER) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $142.62.

TER has been the subject of several research reports. Craig Hallum cut their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus reduced their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Friday, August 16th. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Finally, Evercore ISI boosted their price objective on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th.

Insider Buying and Selling at Teradyne

In other Teradyne news, insider Richard John Burns sold 789 shares of the company’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 $104,779.20. Following the completion of the transaction, the insider now directly owns 21,864 shares in the company, valued at approximately $2,903,539.20. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the sale, the director now directly owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,199 shares of company stock valued at $1,080,634 in the last 90 days. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Teradyne during the 2nd quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in Teradyne during the third quarter worth about $29,000. Rothschild Investment LLC purchased a new stake in Teradyne in the second quarter worth about $33,000. Quarry LP grew its holdings in Teradyne by 256.1% in the second quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after purchasing an additional 169 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in shares of Teradyne by 76.1% during the second quarter. Tortoise Investment Management LLC now owns 273 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Stock Up 2.5 %

NASDAQ:TER opened at $108.21 on Tuesday. The stock has a market cap of $17.62 billion, a P/E ratio of 34.35, a PEG ratio of 2.28 and a beta of 1.52. The business’s 50-day moving average price is $120.00 and its two-hundred day moving average price is $131.63. Teradyne has a twelve month low of $90.24 and a twelve month high of $163.21.

Teradyne (NASDAQ:TER) last announced its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.80 earnings per share. Teradyne’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 0.44%. Teradyne’s payout ratio is presently 15.24%.

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

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.