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

Teradyne, Inc. (NASDAQ:TER) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $121.44.

A number of research firms recently issued reports on TER. Northland Securities dropped their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Robert W. Baird dropped their price target on shares of Teradyne from $140.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Stifel Nicolaus dropped their price target on shares of Teradyne from $125.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald decreased their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Finally, Susquehanna decreased their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating on the stock in a report on Wednesday, March 12th.

Teradyne Stock Performance

Teradyne stock opened at $87.51 on Monday. The company’s fifty day moving average price is $112.72 and its 200 day moving average price is $118.67. Teradyne has a 1 year low of $82.98 and a 1 year high of $163.21. The stock has a market capitalization of $14.15 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. Sell-side analysts predict that Teradyne will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.55%. Teradyne’s dividend payout ratio is presently 14.41%.

Insider Transactions at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $154,302.16. Following the sale, the chief financial officer now directly owns 36,576 shares of the company’s stock, valued at $4,077,858.24. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,013,134 in the last quarter. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently modified their holdings of TER. Compass Financial Services Inc acquired a new stake in shares of Teradyne during the 4th quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Teradyne during the 4th quarter worth about $34,000. AllSquare Wealth Management LLC increased its position in shares of Teradyne by 200.0% during the 4th quarter. AllSquare Wealth Management LLC now owns 300 shares of the company’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Manchester Capital Management LLC grew its position in Teradyne by 264.0% in the 4th quarter. Manchester Capital Management LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 227 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Teradyne in the 4th quarter valued at about $45,000. 99.77% of the stock is owned by institutional investors and hedge funds.

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.