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

Teradyne, Inc. (NASDAQ:TER) has earned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $125.85.

TER has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of Teradyne from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. KeyCorp lifted their price objective on shares of Teradyne from $140.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. UBS Group lifted their price objective on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI started coverage on shares of Teradyne in a report on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a report on Thursday, April 25th.

Teradyne Stock Up 0.3 %

NASDAQ:TER opened at $148.45 on Friday. The company has a fifty day moving average of $129.51 and a 200-day moving average of $113.14. The firm has a market capitalization of $23.17 billion, a P/E ratio of 56.44, a P/E/G ratio of 2.86 and a beta of 1.51. Teradyne has a twelve month low of $81.07 and a twelve month high of $152.23.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The business had revenue of $599.82 million during the quarter, compared to analyst estimates of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. Teradyne’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. On average, analysts anticipate that Teradyne will post 3.04 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.32%. The ex-dividend date was Tuesday, May 21st. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the sale, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $121.20, for a total transaction of $75,750.00. Following the sale, the director now directly owns 17,142 shares in the company, valued at $2,077,610.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the sale, the chief financial officer now owns 41,902 shares in the company, valued at $5,030,754.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,005 shares of company stock worth $1,304,763 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blair William & Co. IL increased its position in shares of Teradyne by 0.6% in the first quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after purchasing an additional 83 shares during the last quarter. Marshall Financial Group LLC boosted its stake in shares of Teradyne by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 8,251 shares of the company’s stock valued at $895,000 after purchasing an additional 96 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Teradyne by 24.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 517 shares of the company’s stock valued at $56,000 after purchasing an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Teradyne by 4.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,346 shares of the company’s stock valued at $255,000 after purchasing an additional 107 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Teradyne by 10.2% during the first quarter. Covestor Ltd now owns 1,162 shares of the company’s stock valued at $131,000 after purchasing an additional 108 shares during the period. 99.77% of the stock is currently owned by institutional investors.

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.