Teradyne, Inc. (NASDAQ:TER) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Teradyne, Inc. (NASDAQ:TER) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $125.85.

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Teradyne from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. 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. UBS Group increased their target price on shares of Teradyne from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Susquehanna lifted their price target on shares of Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday, April 26th. Finally, Evercore ISI started coverage on shares of Teradyne in a research note on Tuesday, April 16th. They set an “outperform” rating and a $130.00 price objective on the stock.

Teradyne Stock Up 0.5 %

Shares of TER opened at $148.29 on Friday. Teradyne has a 52-week low of $81.07 and a 52-week high of $152.23. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 56.38, a PEG ratio of 2.78 and a beta of 1.51. The business’s 50 day moving average is $134.08 and its two-hundred day moving average is $115.02.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The firm had revenue of $599.82 million for the quarter, compared to the consensus estimate of $566.31 million. Teradyne had a net margin of 16.15% and a return on equity of 18.88%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities analysts expect that Teradyne will post 3.04 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 22nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.32%. Teradyne’s payout ratio is 18.25%.

Insider Activity

In related news, 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 completion of the sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mercedes Johnson sold 625 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.84, for a total value of $89,900.00. Following the sale, the director now owns 18,393 shares of the company’s stock, valued at approximately $2,645,649.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $120.06, for a total value of $450,225.00. Following the completion of the sale, the chief financial officer now owns 41,902 shares of the company’s stock, valued at approximately $5,030,754.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,005 shares of company stock valued at $1,304,763. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Teradyne

A number of institutional investors and hedge funds have recently bought and sold shares of TER. Cetera Advisors LLC acquired a new position in shares of Teradyne in the 1st quarter worth approximately $427,000. Cetera Investment Advisers boosted its holdings in Teradyne by 161.6% during the first quarter. Cetera Investment Advisers now owns 19,075 shares of the company’s stock worth $2,152,000 after buying an additional 11,782 shares in the last quarter. PGGM Investments grew its position in Teradyne by 1.5% in the first quarter. PGGM Investments now owns 37,450 shares of the company’s stock worth $4,225,000 after buying an additional 550 shares during the last quarter. Swedbank AB bought a new position in shares of Teradyne in the first quarter valued at $24,226,000. Finally, LRI Investments LLC acquired a new stake in shares of Teradyne during the 1st quarter valued at $68,000. 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.