Analysts Set Teradyne, Inc. (NASDAQ:TER) Price Target at $143.77

Shares of Teradyne, Inc. (NASDAQ:TER) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $143.77.

TER has been the subject of several analyst reports. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Morgan Stanley cut shares of Teradyne from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $121.00 to $117.00 in a research note on Tuesday, January 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 target price on shares of Teradyne in a report on Thursday, January 30th. Northland Securities cut their price target on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th.

Teradyne Stock Up 1.3 %

NASDAQ TER opened at $114.07 on Friday. The firm has a market cap of $18.58 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. The company’s 50 day moving average is $125.64 and its 200-day moving average is $124.21. Teradyne has a 12-month low of $95.80 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Equities analysts expect that Teradyne will post 4.02 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.42%. Teradyne’s payout ratio is 14.41%.

Teradyne declared that its Board of Directors has approved a share repurchase plan on Monday, November 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on 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 owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 1,384 shares of Teradyne stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total transaction of $154,302.16. Following the completion of the transaction, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

A number of hedge funds have recently modified their holdings of TER. Creative Planning grew its stake in shares of Teradyne by 17.0% in the second quarter. Creative Planning now owns 16,848 shares of the company’s stock worth $2,498,000 after purchasing an additional 2,451 shares during the last quarter. Quarry LP lifted its holdings in Teradyne by 256.1% in the 2nd quarter. Quarry LP now owns 235 shares of the company’s stock worth $35,000 after buying an additional 169 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Teradyne in the 2nd quarter worth approximately $4,423,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Teradyne by 28.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 833 shares of the company’s stock valued at $112,000 after acquiring an additional 182 shares in the last quarter. Finally, Czech National Bank lifted its stake in Teradyne by 11.7% in the third quarter. Czech National Bank now owns 33,240 shares of the company’s stock worth $4,452,000 after acquiring an additional 3,492 shares during the period. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

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.