Susquehanna Bancshares Inc Reaffirms Neutral Rating for Teradyne, Inc. (TER)
Susquehanna Bancshares Inc restated their neutral rating on shares of Teradyne, Inc. (NYSE:TER) in a research note published on Monday. The brokerage currently has a $41.00 price target on the semiconductor company’s stock, up from their previous price target of $32.00.
TER has been the topic of a number of other research reports. BidaskClub raised Teradyne from a sell rating to a hold rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Teradyne from a hold rating to a buy rating and set a $39.00 target price on the stock in a research report on Friday, August 25th. KeyCorp reissued an outperform rating and issued a $40.00 target price on shares of Teradyne in a research report on Saturday, September 16th. Finally, Stifel Nicolaus raised Teradyne from a hold rating to a buy rating and boosted their target price for the company from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $36.83.
Teradyne (NYSE:TER) opened at 35.79 on Monday. Teradyne has a 52 week low of $20.22 and a 52 week high of $36.94. The company has a market cap of $7.08 billion, a PE ratio of 18.47 and a beta of 0.94. The company has a 50-day moving average price of $34.77 and a 200 day moving average price of $33.44.
Teradyne (NYSE:TER) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The firm had revenue of $697.00 million for the quarter, compared to analysts’ expectations of $683.66 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. On average, equities research analysts forecast that Teradyne will post $1.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be given 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 of this dividend is Wednesday, September 6th. Teradyne’s dividend payout ratio is currently 14.51%.
In other news, insider Mark E. Jagiela sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the sale, the insider now owns 248,413 shares of the company’s stock, valued at $8,570,248.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edwin J. Gillis sold 41,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total value of $1,460,830.00. Following the sale, the director now directly owns 49,638 shares in the company, valued at approximately $1,768,601.94. The disclosure for this sale can be found here. Insiders have sold 141,698 shares of company stock worth $5,012,857 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.
Several institutional investors have recently bought and sold shares of TER. Great West Life Assurance Co. Can increased its position in shares of Teradyne by 3.7% during the first quarter. Great West Life Assurance Co. Can now owns 119,942 shares of the semiconductor company’s stock worth $3,728,000 after acquiring an additional 4,271 shares during the period. First Trust Advisors LP increased its position in shares of Teradyne by 19.0% during the first quarter. First Trust Advisors LP now owns 36,143 shares of the semiconductor company’s stock worth $1,124,000 after acquiring an additional 5,766 shares during the period. Swiss National Bank increased its position in shares of Teradyne by 0.7% during the first quarter. Swiss National Bank now owns 332,900 shares of the semiconductor company’s stock worth $10,353,000 after acquiring an additional 2,400 shares during the period. World Asset Management Inc increased its position in shares of Teradyne by 0.7% during the first quarter. World Asset Management Inc now owns 12,414 shares of the semiconductor company’s stock worth $386,000 after acquiring an additional 82 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Teradyne during the first quarter worth $1,413,000. 93.10% of the stock is currently owned by institutional investors and hedge funds.
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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