Teradyne, Inc. (TER) Receives $36.64 Consensus PT from Brokerages
Teradyne, Inc. (NYSE:TER) has earned an average rating of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $36.64.
Several research firms have issued reports on TER. Zacks Investment Research upgraded Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, September 19th. Credit Suisse Group reiterated a “neutral” rating on shares of Teradyne in a research report on Thursday, July 27th. Citigroup Inc. reiterated a “buy” rating and issued a $43.00 price objective on shares of Teradyne in a research report on Tuesday, September 19th. BidaskClub cut Teradyne from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus upgraded Teradyne from a “hold” rating to a “buy” rating and increased their price objective for the stock from $32.00 to $39.00 in a research report on Wednesday, July 5th. They noted that the move was a valuation call.
In other Teradyne news, Director Michael A. Bradley sold 22,168 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $35.64, for a total value of $790,067.52. Following the sale, the director now owns 194,938 shares of the company’s stock, valued at $6,947,590.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 17,390 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $36.30, for a total value of $631,257.00. Following the completion of the sale, the director now directly owns 154,132 shares in the company, valued at approximately $5,594,991.60. The disclosure for this sale can be found here. Insiders sold 141,698 shares of company stock worth $5,012,857 in the last three months. 0.62% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. WFG Advisors LP grew its holdings in Teradyne by 21.9% in the second quarter. WFG Advisors LP now owns 3,900 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 700 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings 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 purchasing an additional 2,900 shares during the last quarter. IFP Advisors Inc grew its holdings in Teradyne by 4.6% in the second quarter. IFP Advisors Inc now owns 4,806 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 211 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Teradyne in the second quarter valued at $147,000. Finally, Norman Fields Gottscho Capital Management LLC acquired a new stake in Teradyne in the third quarter valued at $229,000. 93.11% of the stock is currently owned by institutional investors.
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Shares of Teradyne (TER) traded up 0.13% during midday trading on Wednesday, hitting $39.11. 1,593,551 shares of the stock were exchanged. The firm has a 50 day moving average of $37.05 and a 200-day moving average of $34.61. Teradyne has a one year low of $21.63 and a one year high of $39.47. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 20.18 and a beta of 0.98.
Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Teradyne had a return on equity of 21.25% and a net margin of 20.08%. The business had revenue of $697.00 million during the quarter, compared to analysts’ expectations of $683.66 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities analysts expect that Teradyne will post $1.98 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Wednesday, September 6th. Teradyne’s dividend payout ratio (DPR) is 14.51%.
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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