Teradyne Inc. (TER) Receives $23.85 Average PT from Analysts
Shares of Teradyne Inc. (NYSE:TER) have been given an average rating of “Buy” by the fourteen brokerages that are currently covering the firm. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.85.
TER has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Teradyne from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Friday, October 28th. Deutsche Bank AG reduced their price target on shares of Teradyne from $23.00 to $22.00 and set a “buy” rating for the company in a report on Friday, July 29th. DA Davidson boosted their price target on shares of Teradyne from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, July 29th. Craig Hallum upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Finally, TheStreet upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th.
Teradyne (NYSE:TER) opened at 24.73 on Friday. The company’s 50-day moving average is $22.03 and its 200-day moving average is $20.52. The company’s market cap is $5.00 billion. Teradyne has a 12 month low of $17.34 and a 12 month high of $24.83.
Teradyne (NYSE:TER) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Teradyne had a negative net margin of 6.53% and a positive return on equity of 14.46%. The business earned $410 million during the quarter, compared to analyst estimates of $392.38 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, equities research analysts expect that Teradyne will post $1.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, November 28th. Teradyne’s dividend payout ratio is presently -43.64%.
In other Teradyne news, Director Michael A. Bradley sold 31,502 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $21.19, for a total transaction of $667,527.38. Following the sale, the director now owns 171,223 shares of the company’s stock, valued at approximately $3,628,215.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $23.47, for a total transaction of $234,700.00. Following the sale, the director now directly owns 164,721 shares in the company, valued at approximately $3,866,001.87. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in Teradyne during the second quarter valued at approximately $104,000. Cutler Group LP increased its stake in Teradyne by 270.3% in the second quarter. Cutler Group LP now owns 5,343 shares of the company’s stock valued at $105,000 after buying an additional 3,900 shares during the period. TLP Group LLC acquired a new stake in Teradyne during the third quarter valued at approximately $128,000. Robeco Institutional Asset Management B.V. acquired a new stake in Teradyne during the third quarter valued at approximately $137,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Teradyne by 13.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,568 shares of the company’s stock valued at $142,000 after buying an additional 756 shares during the period. 92.78% of the stock is currently owned by institutional investors.
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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