Teradyne’s (TER) “Buy” Rating Reaffirmed at Needham & Company LLC
Needham & Company LLC reaffirmed their buy rating on shares of Teradyne, Inc. (NYSE:TER) in a report published on Friday morning. The firm currently has a $40.00 price objective on the semiconductor company’s stock.
TER has been the subject of a number of other research reports. Credit Suisse Group reaffirmed a neutral rating on shares of Teradyne in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Teradyne from a hold rating to a sell rating in a research note on Monday, July 17th. BidaskClub raised shares of Teradyne from a buy rating to a strong-buy rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus raised shares of Teradyne from a hold rating to a buy rating and raised their price objective for the stock from $32.00 to $39.00 in a research note on Wednesday, July 5th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $35.70.
Teradyne (TER) traded up 0.51% during midday trading on Friday, hitting $35.79. The company had a trading volume of 1,044,392 shares. The company’s 50 day moving average is $34.52 and its 200 day moving average is $32.84. Teradyne has a 12-month low of $20.07 and a 12-month high of $36.86. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 18.47 and a beta of 0.94.
Teradyne (NYSE:TER) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. Teradyne had a net margin of 20.08% and a return on equity of 21.25%. The firm had revenue of $697 million during the quarter, compared to analyst estimates of $683.66 million. During the same quarter last year, the business posted $0.55 EPS. The company’s revenue was up 31.1% on a year-over-year basis. On average, equities analysts anticipate that Teradyne will post $1.97 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is currently 14.51%.
In other Teradyne news, Director Michael A. Bradley sold 9,235 shares of Teradyne stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.32, for a total transaction of $326,180.20. Following the completion of the sale, the director now owns 195,405 shares of the company’s stock, valued at approximately $6,901,704.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark E. Jagiela sold 30,000 shares of Teradyne stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the sale, the insider now directly owns 248,413 shares of the company’s stock, valued at approximately $8,570,248.50. The disclosure for this sale can be found here. Insiders have sold a total of 55,127 shares of company stock valued at $1,910,090 in the last three months. Company insiders own 0.62% of the company’s stock.
Several large investors have recently modified their holdings of TER. WFG Advisors LP raised its stake in shares of Teradyne by 21.9% in the second quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock worth $117,000 after buying an additional 700 shares during the period. Segantii Capital Management Ltd acquired a new stake in Teradyne during the first quarter valued at about $121,000. Paradigm Asset Management Co. LLC raised its stake in Teradyne by 193.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,400 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 2,900 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in Teradyne during the first quarter valued at about $141,000. Finally, IFP Advisors Inc raised its stake in Teradyne by 305.2% in the first quarter. IFP Advisors Inc now owns 4,595 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 3,461 shares during the last quarter. 93.21% of the stock is owned by institutional investors.
Teradyne Company Profile
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, communications, and aerospace and defense industries.
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