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

Teradyne, Inc. (NASDAQ:TER) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $150.33.

A number of brokerages have issued reports on TER. Stifel Nicolaus decreased their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Craig Hallum dropped their price target 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. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Finally, JPMorgan Chase & Co. upgraded Teradyne from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $145.00 to $158.00 in a report on Monday, December 16th.

Teradyne Stock Performance

Shares of TER opened at $134.17 on Wednesday. Teradyne has a 1 year low of $92.29 and a 1 year high of $163.21. The company’s 50 day simple moving average is $118.51 and its 200 day simple moving average is $127.69. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.66 and a beta of 1.46.

Teradyne (NASDAQ:TER) last issued its quarterly 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. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 EPS. Equities analysts expect that Teradyne will post 3.17 EPS for the current fiscal year.

Teradyne declared that its board has authorized a share buyback program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Teradyne Announces Dividend

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

Insider Buying and Selling at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the transaction, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Teradyne

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in shares of Teradyne by 2.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 15,196 shares of the company’s stock valued at $2,254,000 after buying an additional 343 shares during the last quarter. TD Asset Management Inc grew its holdings in Teradyne by 5.7% during the 2nd quarter. TD Asset Management Inc now owns 67,307 shares of the company’s stock worth $9,981,000 after acquiring an additional 3,624 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Teradyne by 3.2% in the 2nd quarter. Private Advisor Group LLC now owns 6,110 shares of the company’s stock worth $906,000 after purchasing an additional 190 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Teradyne in the 2nd quarter valued at about $977,000. Finally, Acadian Asset Management LLC bought a new position in shares of Teradyne during the second quarter worth about $865,000. 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.