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

Shares of Teradyne, Inc. (NASDAQ:TER) have been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $121.44.

TER has been the subject of several recent research reports. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Susquehanna reduced their price objective on Teradyne from $165.00 to $155.00 and set a “positive” rating for the company in a research report on Wednesday, March 12th. Cantor Fitzgerald lowered their target price on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Finally, Vertical Research began coverage on Teradyne in a research report on Friday, March 7th. They set a “buy” rating and a $135.00 price target for the company.

Teradyne Stock Down 3.4 %

Shares of NASDAQ TER opened at $82.78 on Monday. The business has a 50 day moving average price of $107.90 and a two-hundred day moving average price of $117.48. The firm has a market cap of $13.39 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46. Teradyne has a fifty-two week low of $82.47 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating 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%. On average, analysts anticipate that Teradyne will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. Teradyne’s dividend payout ratio (DPR) is presently 14.41%.

Insider Buying and Selling

In related news, VP Ryan Driscoll sold 437 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $44,574.00. Following the completion of the sale, the vice president now directly owns 4,312 shares of the company’s stock, valued at approximately $439,824. This represents a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Mehta sold 614 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $102.00, for a total value of $62,628.00. Following the sale, the chief financial officer now owns 30,446 shares of the company’s stock, valued at $3,105,492. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,479 shares of company stock worth $1,013,134 in the last three months. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Teradyne

A number of hedge funds have recently made changes to their positions in the stock. Roberts Glore & Co. Inc. IL grew its stake in Teradyne by 2.2% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock valued at $517,000 after purchasing an additional 90 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Teradyne by 12.3% during the 4th quarter. Covestor Ltd now owns 901 shares of the company’s stock valued at $113,000 after buying an additional 99 shares during the last quarter. Snowden Capital Advisors LLC grew its stake in shares of Teradyne by 2.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,748 shares of the company’s stock valued at $472,000 after buying an additional 103 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Teradyne by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after buying an additional 104 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock valued at $434,000 after acquiring an additional 105 shares in the last quarter. 99.77% of the stock is 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.