Teradyne (NASDAQ:TER) Rating Increased to Outperform at Northland Securities

Northland Securities upgraded shares of Teradyne (NASDAQ:TER) from a market perform rating to an outperform rating in a report published on Monday morning, Marketbeat.com reports. Northland Securities currently has $154.00 target price on the stock, up from their prior target price of $117.00.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. raised shares of Teradyne from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $145.00 to $158.00 in a research note on Monday, December 16th. Craig Hallum reduced their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus dropped their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, Robert W. Baird dropped their target price on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Teradyne has a consensus rating of “Moderate Buy” and an average target price of $150.33.

Teradyne Stock Performance

Teradyne stock opened at $140.00 on Monday. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The stock has a market cap of $22.80 billion, a P/E ratio of 44.44, a PEG ratio of 2.66 and a beta of 1.46. The firm’s fifty day moving average price is $116.28 and its 200-day moving average price is $127.71.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.12. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. Sell-side analysts predict that Teradyne will post 3.17 earnings per share for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, November 25th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Monday, November 25th. Teradyne’s payout ratio is 15.24%.

Teradyne announced that its Board of Directors has authorized a stock buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Teradyne

A number of institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in Teradyne during the 2nd quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Teradyne during the third quarter valued at approximately $29,000. Quarry LP raised its holdings in shares of Teradyne by 256.1% during the second quarter. Quarry LP now owns 235 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares in the last quarter. Coastline Trust Co bought a new stake in Teradyne in the third quarter valued at $46,000. Finally, Brooklyn Investment Group bought a new stake in Teradyne in the third quarter valued at $52,000. 99.77% of the stock is currently owned by hedge funds and other 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.