Brokerages Set Teradyne, Inc. (NASDAQ:TER) Target Price at $150.33

Teradyne, Inc. (NASDAQ:TER) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $150.33.

A number of analysts have issued reports on the company. Evercore ISI lifted 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. Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Robert W. Baird reduced their price objective 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. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and upped their target price for the company from $145.00 to $158.00 in a report on Monday, December 16th.

Insider Transactions at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

Several institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Teradyne during the 3rd quarter valued at about $2,221,000. MBB Public Markets I LLC acquired a new stake in Teradyne during the 2nd quarter valued at $1,619,000. Cerity Partners LLC increased its position in Teradyne by 87.1% during the third quarter. Cerity Partners LLC now owns 11,371 shares of the company’s stock worth $1,523,000 after buying an additional 5,294 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Teradyne by 17.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 77,092 shares of the company’s stock worth $10,325,000 after buying an additional 11,541 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Teradyne by 30.5% in the third quarter. Franklin Resources Inc. now owns 88,879 shares of the company’s stock worth $11,878,000 after acquiring an additional 20,762 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Price Performance

Shares of NASDAQ TER opened at $134.17 on Wednesday. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 2.66 and a beta of 1.46. The stock’s 50-day moving average is $118.51 and its two-hundred day moving average is $127.69. Teradyne has a 1-year low of $92.29 and a 1-year high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping 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 firm had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same period in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Teradyne will post 3.17 earnings per share for the current fiscal year.

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

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Monday, November 25th. Teradyne’s dividend payout ratio (DPR) is presently 15.24%.

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.