Teradyne, Inc. (TER) Receives $39.89 Consensus PT from Analysts
Shares of Teradyne, Inc. (NYSE:TER) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.89.
Several brokerages have commented on TER. Evercore ISI cut shares of Teradyne to an “outperform” rating in a research report on Monday. Credit Suisse Group decreased their price target on shares of Teradyne from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. DA Davidson decreased their price target on shares of Teradyne to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Zacks Investment Research cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Citigroup reissued a “buy” rating and issued a $41.00 price target (down previously from $47.00) on shares of Teradyne in a research report on Monday, December 17th.
Institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of Teradyne by 15.8% during the 3rd quarter. Fisher Asset Management LLC now owns 365,996 shares of the semiconductor company’s stock worth $13,535,000 after purchasing an additional 49,980 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Teradyne by 3.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 316,808 shares of the semiconductor company’s stock worth $11,715,000 after purchasing an additional 11,661 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Teradyne by 5.2% during the 3rd quarter. Retirement Systems of Alabama now owns 465,935 shares of the semiconductor company’s stock worth $17,230,000 after purchasing an additional 23,201 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Teradyne during the 3rd quarter worth $44,291,000. Finally, Aperio Group LLC lifted its position in shares of Teradyne by 6.9% during the 3rd quarter. Aperio Group LLC now owns 59,700 shares of the semiconductor company’s stock worth $2,208,000 after purchasing an additional 3,877 shares during the last quarter.
Teradyne (NYSE:TER) last posted its earnings results on Tuesday, October 23rd. The semiconductor company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Teradyne had a net margin of 9.81% and a return on equity of 23.50%. The firm had revenue of $566.90 million during the quarter, compared to the consensus estimate of $556.87 million. During the same quarter last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, sell-side analysts expect that Teradyne will post 2.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, November 27th. This represents a $0.36 annualized dividend and a dividend yield of 1.16%. Teradyne’s dividend payout ratio (DPR) is currently 15.38%.
Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
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