Teradyne, Inc. (NASDAQ:TER) Receives Consensus Recommendation of “Hold” from Brokerages

Teradyne, Inc. (NASDAQ:TER) has received an average rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $142.57.

A number of equities research analysts have weighed in on the company. KeyCorp raised their price target on Teradyne from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Robert W. Baird raised their price objective on Teradyne from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Evercore ISI raised their price objective on Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Citigroup reduced their price objective on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a research note on Friday, August 16th.

Insider Activity

In other news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares in the company, valued at approximately $2,204,987.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,977 shares of company stock worth $1,979,834. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Teradyne

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Teradyne by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,421,186 shares of the company’s stock worth $2,078,462,000 after purchasing an additional 135,286 shares during the period. Van ECK Associates Corp grew its position in Teradyne by 10.4% in the 1st quarter. Van ECK Associates Corp now owns 4,815,017 shares of the company’s stock worth $543,278,000 after purchasing an additional 453,926 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Teradyne by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,603,123 shares of the company’s stock worth $682,597,000 after purchasing an additional 57,989 shares during the period. Nordea Investment Management AB grew its position in Teradyne by 14.6% in the 1st quarter. Nordea Investment Management AB now owns 3,028,930 shares of the company’s stock worth $342,178,000 after purchasing an additional 385,115 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Teradyne by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,233,058 shares of the company’s stock worth $299,073,000 after purchasing an additional 47,157 shares during the period. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Teradyne Stock Down 11.0 %

NASDAQ TER opened at $110.72 on Friday. The stock’s 50-day simple moving average is $130.26 and its two-hundred day simple moving average is $131.85. Teradyne has a twelve month low of $81.07 and a twelve month high of $163.21. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 2.57 and a beta of 1.49.

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 analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The business had revenue of $737.30 million for the quarter, compared to the consensus estimate of $716.40 million. During the same quarter last year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts expect that Teradyne will post 3.02 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.43%. Teradyne’s payout ratio is 15.79%.

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.